Don’t buy crypto, earn it! The easiest way for freelancers, influencers, owners of small businesses and rental experiences to start accepting crypto for their work and monitor payments.
07 Feb 2020
With 35% of the US workforce working as freelancers and the global gig economy ballooning to over $4.5 trillion per year, the chances are that you either are or know people who have embraced this increasingly popular way of working. On top of this, there are also 582 million entrepreneurs in the world, with most of them running small businesses.
If you work as a freelancer, artist, own a small business or rent a vacation retreat and are open to the idea of widening your client base (or just want a stake in crypto’s future), then we have an easy solution to get you started on your crypto journey.
In a nutshell, we feel Cryptopayment
What’s even better is that Cryptopayment
This simple tool allows newcomers to crypto to easily accumulate their first bit of crypto, become stakeholders in the wider ecosystem and experience the advantages of holding cryptocurrency. By selling a good or service using this tool, you can bypass the obstacles of buying crypto on an exchange (with the need to submit personal information, connect bank accounts, etc). This tool does not intend to entirely replace how you receive your income, but by supplementing even 1 in 20 payments in crypto, you gain the advantages of diversifying your assets.
Some examples of businesses this tool would be ideal for:
A shift in working patterns can be seen in the astonishing revenue growth of freelance platforms like UpWork, which is a marketplace that matches freelancers with business owners and recently reported annual revenues of over $1.7 billion. The potential to save on fees is especially relevant when serving international clients. The cost to process an international bank transfer can be as high as $50. PayPal email invoicing costs 2.9% + a small additional flat fee for every transaction. As any freelancer or individual business owner will tell you, someone ultimately ends up paying these fees and ends up with less money in their pocket. Though crypto prices can fluctuate, this can be offset by the relatively low crypto transaction costs (below 40 cents and cryptocurrencies like Bitcoin can typically be converted to local currency at a cost of 1% or less). If the person receiving payment in crypto wants to minimise the short-term volatility risk, their option is to convert their crypto into local currency quickly after receiving it.
Many freelancers, individual business owners, and influencers already have a solid knowledge of the standard tools used to operate internationally. It is likely they have also heard about cryptocurrencies like Bitcoin and how the innovative tech emerging from this space could be groundbreaking. What the Cryptopayment
Finally, there are some counterparties that look for opportunities to make payments in crypto just because they already have a solid stake, want to support the system or again want to save on the cost of transaction. Not accepting crypto as a payment method carries the risk of effectively shutting the door on these potential clients. Cryptopayment
Zopilote is a surf camp on the Nicoya Peninsula in Costa Rica. The owner of the business believes that crypto could be a big thing in the future and wanted an easy way to accumulate some crypto in exchange for his surf camp retreats. Naturally, Team Nimiq went out to Zopilote to talk to them and show them how Cryptopayment
By the end of the meeting, they had learned how to use Cryptopayment
If you are open to accepting your first crypto payment with Cryptopayment
Next, just enter your brand name and email address to enable Cryptopayment
And for all you crypto veterans out there, you’ll know how much of a hassle and distraction it can be to keep checking if a payment has been received. Cryptopayment
Now, you’ll be asked to enter your Bitcoin, Ethereum or NIM address if you have one or you can click the question mark icon next to the cryptocurrency you want to use and be taken to Cryptopayment
The smart thing about Cryptopayment
Finally, click ‘create link’ and you’ll then see a crypto payment link that you can send to your client using email or messaging apps like Skype, WhatsApp, Telegram and Facebook Messenger.
Alternatively, you can insert crypto payment links into invoices using popular accounting software like Xero.
For starters, you’ll get a confirmation email telling you that your payment link has been successfully created. Once your client has paid your crypto payment link, you’ll then get a handy email notification telling you that you’ve been paid.
Nimiq has always had the objective of making crypto easy. Team Nimiq believes it has identified a massive potential market of people for whom accumulating their first crypto is beginning to make sense. It can be challenging to set up exchange accounts, jump through KYC hoops and connect a bank account just to buy your first crypto. Setting up crypto wallets, making a payment request in Crypto, invoicing the correct amount and monitoring if the payment has been made, can also be overwhelming. Cryptopayment
According to the stats, chances are that you know a small business owner or freelancer. Maybe even some who have an interest in crypto and want to diversify by accepting it! We would encourage you to share this service with anyone you think could benefit from it. We’d greatly appreciate any feedback and you doing your bit for crypto adoption 😉!
We hope you are as excited as we are for 2020.
None of the statements must be viewed as an endorsement or recommendation for Nimiq, any cryptocurrency, or investment product. Neither the information, nor any opinion contained herein constitutes a solicitation or offer by the creators or participants to buy or sell any securities or other financial instruments or provide any investment advice or service. All statements contained in statements made in Nimiq’s web pages, blogs, social media, press releases, or in any place accessible by the public, and oral statements that may be made by Nimiq or project associates that are not statements of historical fact, constitute “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results, performance, or achievements to be materially different from any future results, performance, or achievements expected, expressed, or implied by such forward-looking statements.