Crypto appeal among gig workers is rising: Bakkt report

Bakkt’s research carried out in June and July discovered that 38% of gig staff are open to being paid in crypto, and the quantity jumps to almost 50% for these prepared to obtain a part of their gig pay in crypto.

Bakkt Holdings, Inc. (NYSE: BKKT), a number one digital asset platform providing a spread of cryptocurrency providers together with shopping for and promoting of Bitcoin and Ethereum amongst others, has launched the findings of a brand new research displaying virtually half of individuals working within the gig financial system are okay with getting a portion of their wages paid in crypto.

The US-based firm introduced this on Friday, with the findings a part of a research dubbed “Gig Workers & Crypto Study.” This research occurred at a time when crypto volatility was at its peak between mid-June and early July.

Crypto attraction amongst gig staff rising

In its evaluation, and from the responses acquired concerning cryptocurrency funds within the gig trade, 38% of the respondents stated they might settle for all their pay in crypto. Narrowing this query to whether or not they would settle for a portion of the pay in cryptocurrencies, almost 50% stated they might.

20% of the gig staff concerned within the survey stated they’ve been paid in crypto earlier than.

“The increasing appeal and the existing usage of cryptocurrency among gig workers came through clearly in our study,” Nicolas Cabrera, Bakkt’s chief product officer of funds stated within the press launch.

Crypto has seen elevated acceptance as a wage cost mode amongst most sectors inside the gig financial system. A lot of the staff within the varied industries, together with freelancers, social influencers, and rideshare drivers, are more and more tech savvy and thus extra prepared to simply accept crypto.

“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,” Cabrera famous.