50% of gig workers, otherwise known as freelancers, are open to earning a portion of their pay in bitcoin (BTC-USD), Ethereum (ETH-USD) and other cryptocurrencies, even as the emerging space undergoes a broad cyclical downturn, according to a survey released by digital asset marketplace Bakkt (BKKT).Meanwhile, 38% of respondents said they would opt to receive 100% in crypto, as they believe it will eventually become a medium of payment.Bakkt (BKKT) surveyed 1,018 U.S.-based gig workers between mid-June and early July, when bitcoin (BTC-USD) fell over 70% to as low as $19.2K from its November peak of $68.9K. The token is now changing hands at $23.87K as of Friday afternoon. “The increasing appeal and the existing usage of cryptocurrency among gig workers came through clearly in our study,” said Nicolas Cabrera, chief product officer of Payments at Bakkt (BKKT). “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.”While crypto adoption is still in the early stages, 20% of respondents claimed they have already been paid in crypto, the survey noted. But as crypto prices have gotten knocked down rapidly over the past year, it’s surprising that the gig economy workforce is still bullish on prospects for crypto payments. Whil...
Coinbase Challenges WBTC Delisting Lawsuit
