Gig workers still go for crypto despite the bear market

2 years ago

Digital plus absorption firm Bakkt‘s caller survey revealed that 50% of gig workers are comfy getting a portion of their payments successful crypto, portion 38% said they could see earning their full paycheck successful integer assets.

Bakkt’s Chief Product Officer Nicolas Cabrera commented connected the survey results that intelligibly demonstrated the crypto entreaty amongst gig workers and said:

“While this radical could payment from accrued knowing of however crypto tin beryllium used, rideshare drivers, nutrient transportation drivers and different gig workers mention crypto arsenic the adjacent procreation of currency and are drawn to the imaginable summation successful the worth of their pay.”

The survey asked 1,018 gig workers from astir the U.S. during June and July 2022. The questions aimed astatine revealing the participants’ crypto adoption, sentiments, and opinions connected payments via crypto.

Crypto preference

Amongst the 50% who said they’d beryllium consenting to instrumentality a information of their wage successful crypto, freelance workers (writers, developers, designers, etc.) person the highest willingness complaint with 62%. They are followed by rideshare drivers (52%) and market shoppers (55%).

The participants gave varying answers to the question astir the information of wage paid successful crypto. 31% of gig workers said they’d similar 20% oregon little of their paycheck to beryllium paid successful crypto. 34% said they’d beryllium good with 20-40%, portion 21% said they’d similar to person 40-60% of their income successful crypto

Crypto appeal

The survey besides explored wherefore participants preferred crypto payments. Nearly fractional of the participants (49%) said a imaginable summation successful worth of wage is the astir compelling crushed to get paid successful crypto, contempt the current status of the carnivore market.

Another 26% said they preferred crypto payments due to the fact that they were issued immediately. On the different hand, astir 1 successful 10 (11%) said they comprehend crypto arsenic a semipermanent concern program for retirement.

According to the numbers, much than fractional of gig workers said their income was capable for fulfilling their surviving needs, arsenic opposed to being “nice to have” income. Considering their perceptions of their gig jobs, their willingness to get paid successful crypto indicates a important adoption complaint amongst gig workers.

Crypto barriers

The astir important obstruction against crypto payments appeared successful education, with 48%. Only 33% of the participants rated their crypto cognition arsenic supra mean oregon precise high, portion astir a 4th (26%) said they were much acquainted with accepted concern tools.

Another importantly high-rated obstruction appeared erstwhile 34% of participants said they inactive had to wage the bills successful USD. Another 33% said crypto was excessively volatile and didn’t privation to hazard decreasing their paycheck.

The station Gig workers inactive spell for crypto contempt the carnivore market appeared archetypal connected CryptoSlate.

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