Digital asset administration agency Bakkt‘s new survey revealed that 50% of gig workers are comfortable getting a part of their payments in crypto, while 38% said they could consider earning their whole paycheck in digital assets.
Bakkt’s Chief Product Officer Nicolas Cabrera commented on the survey outcomes that clearly demonstrated the crypto attraction amongst gig workers and stated:
“While this group could benefit from increased understanding of how crypto can be used, rideshare drivers, food delivery drivers and other gig workers cite crypto as the next generation of currency and are drawn to the potential increase in the value of their pay.”
The examine requested 1,018 gig workers from round the U.S. throughout June and July 2022. The questions aimed toward revealing the individuals’ crypto adoption, sentiments, and opinions on funds by way of crypto.
Crypto choice
Amongst the 50% who stated they’d be prepared to take a portion of their wage in crypto, freelance workers (writers, builders, designers, and so forth.) have the highest willingness charge with 62%. They are adopted by rideshare drivers (52%) and grocery buyers (55%).
The individuals gave various solutions to the query about the portion of wage paid in crypto. 31% of gig workers stated they’d favor 20% or much less of their paycheck to be paid in crypto. 34% stated they’d be okay with 20-40%, whereas 21% stated they’d favor to obtain 40-60% of their earnings in crypto
Crypto attraction
The survey additionally explored why individuals most well-liked crypto funds. Nearly half of the individuals (49%) stated a possible enhance in worth of pay is the most compelling cause to receives a commission in crypto, despite the present standing of the bear market.
Another 26% stated they most well-liked crypto funds as a result of they have been issued instantly. On the different hand, almost one in ten (11%) stated they understand crypto as a long-term funding plan for retirement.
According to the numbers, greater than half of gig workers stated their earnings was sufficient for fulfilling their dwelling wants, versus being “nice to have” earnings. Considering their perceptions of their gig jobs, their willingness to receives a commission in crypto signifies a major adoption charge amongst gig workers.
Crypto boundaries
The most important barrier in opposition to crypto funds appeared in schooling, with 48%. Only 33% of the individuals rated their crypto information as above common or very excessive, whereas almost 1 / 4 (26%) stated they have been extra accustomed to conventional funding instruments.
Another considerably high-rated barrier appeared when 34% of individuals stated they still needed to pay the payments in USD. Another 33% stated crypto was too risky and didn’t wish to danger reducing their paycheck.
