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 mentioned:
“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 research requested 1,018 gig workers from round the U.S. throughout June and July 2022. The questions geared toward revealing the contributors’ crypto adoption, sentiments, and opinions on funds by way of crypto.
Amongst the 50% who mentioned they’d be prepared to take a portion of their wage in crypto, freelance workers (writers, builders, designers, and many others.) have the highest willingness price with 62%. They are adopted by rideshare drivers (52%) and grocery consumers (55%).
The contributors gave various solutions to the query about the portion of wage paid in crypto. 31% of gig workers mentioned they’d desire 20% or much less of their paycheck to be paid in crypto. 34% mentioned they’d be okay with 20-40%, whereas 21% mentioned they’d desire to obtain 40-60% of their earnings in crypto
The survey additionally explored why contributors most popular crypto funds. Nearly half of the contributors (49%) mentioned a possible improve in worth of pay is the most compelling purpose to receives a commission in crypto, despite the current status of the bear market.
Another 26% mentioned they most popular crypto funds as a result of they have been issued instantly. On the different hand, practically one in ten (11%) mentioned they understand crypto as a long-term funding plan for retirement.
According to the numbers, greater than half of gig workers mentioned 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 price amongst gig workers.
The most important barrier in opposition to crypto funds appeared in schooling, with 48%. Only 33% of the contributors rated their crypto information as above common or very excessive, whereas practically 1 / 4 (26%) mentioned they have been extra acquainted with conventional funding instruments.
Another considerably high-rated barrier appeared when 34% of contributors mentioned they still needed to pay the payments in USD. Another 33% mentioned crypto was too risky and didn’t wish to threat reducing their paycheck.