Crypto appeal among gig workers is rising: Bakkt report

A Bakkt survey conducted in June and July found that 38% of gig workers were willing to be paid in cryptocurrency, and those willing to receive a portion of their gig workers in cryptocurrency. The number jumps to near 50%.

Bakkt Holdings, Inc. (NYSE: BKKT) is a leading digital asset platform that offers a variety of cryptocurrency services, including buying and selling Bitcoin and Ethereum. release Nearly half of people working in the gig economy have no problem paying part of their wages in cryptocurrencies, new research reveals.

The U.S.-based company announced this on Friday, calling some of its findings “Gig workers and crypto researchThe survey was conducted at a time when cryptocurrency volatility peaked in mid-June and early July.

Crypto Attraction Increases Among Gig Workers

Based on that assessment and the responses received regarding cryptocurrency payments in the gig industry, 38% of respondents said they accept all payments in crypto. When the question was narrowed down to whether they would accept some payment in cryptocurrency, almost 50% said yes.

Twenty percent of gig workers who participated in the survey said they had been paid in crypto before.

“Growing Attraction And Existing Use Of Cryptocurrencies Among Gig Workers Revealed In Our SurveyBakkt chief product officer Nicholas Cabrera said in a press release..

Cryptocurrencies are becoming an acceptable payroll mode for most sectors within the gig economy. Freelancers, social influencers, rideshare drivers, and more workers in various industries are becoming increasingly tech-savvy and increasingly embracing cryptocurrencies.

“While this group could benefit from a better understanding of how cryptocurrencies are used, rideshare drivers, food delivery drivers, and other gig workers are more likely to see cryptocurrencies as the next generation. We are citing it as a currency and are attracted to the potential for increasing the value of our salaries.” Cabrera pointed out.