Before we start mentioning all the pros and cons of using crypto payments in the freelancing business, let’s create a brief intro about what cryptocurrencies represent and what are the commonest ones amongst online users.
Cryptocurrencies, or short-crypto, represent a digital/virtual sort of currency that relies on a blockchain system. Why would someone opt for cryptocurrencies as a substitute of “real” money? The reality is that these decentralized systems work independently, or higher said they’re completely independent of any central authority.
In fact, after we speak about one of the hottest cryptocurrencies which are used, we imagine that you simply’re surely acquainted with the famous Bitcoin. An interesting fact about Bitcoin is that it was created by an anonymous person back in 2009. In fact, we imagine that it could be created by a bunch of people, by who’ve used fake names, and pseudonyms, and calling themselves Satoshi and Nakamoto.
What Bitcoin is generally famous for is peer-to-peer electronic money system, which implies that online users are capable of send and receive payments with no third party, or on this case – banks.
Besides Bitcoin, there have been many other cryptocurrencies created, and all of them offer something different, and have their very own pluses and minuses, and bring different features. Which means if you wish to use a cryptocurrency, you’ll probably select one which serves your purposes in the best manner.
For instance, online staff who work totally on small contracts wish to opt for Ethereum since it’s the best crypto for it, while those that are concerned about privacy claim that Monero is the best one if you wish to stay completely secure.
Financial privacy and decentralized nature are the reasons online staff love cryptocurrencies
Probably two essential explanation why more and more online staff of all sorts use crypto – because of financial privacy and decentralized nature. In fact, there may be also the third reason – privacy. Yet, we must remind you that regardless of how popular cryptocurrencies have turn into, their acceptance as a mainstream source of payment can vary from country to country, or higher said by the laws of a certain country.