I came across an article for a work type coin that can be traded right away. And it got me thinking of one of the advantages that crytpo has over traditional currency that is not often talked about: the ability to get paid right away. This may not sound like a big deal, money is money, but it really changes the way jobs and websites can work.
Think of websites that have paid you in the past. They can take weeks to months to send paychecks. Even the big sites have a monthly schedule where you have to wait for checks. But with crypto people can get their money right away. You could win a contest or make a video and get paid for your work.
What this does is add more legitimacy to a company, especially a new one, that can reward their users right away. And not only is there no wait period you will not need a minimum amount before you could withdrawl. I remember this on Tsu, where you needed a 100 dollars before you could cash out. This lead to a lot of people who questioned the site until they got a check.
And who says crypto has no value.
Actually, I've never really considered that as well. Crypto takes virtually no time to transfer, the cost of the transfer is quite low and affordable; plus you get to make the process a fully automated one with no human supervision needed.
Great insight... if you have tips of sites that are paying in crypto for jobs rendered would be a great compliment to this article. I am not forcing you to do one... lol, just a friendly suggestion that if you have such material would be a perfect compliment to this one. :0
I'd really like to believe this... But I'd imagine it will be like mining pools rather than instant where a company will only deposit money if a certain threashold is reached by a certain date. Otherwise, it would be paid at the next payment date. Maybe a coin with no transaction fee can remedy this, but I'm worried companies will still want to hold on to their crypto as long as possible and pay out to everyone all at once on specified days.
Cryptocurrency is certainly the future. As you say they allow you to get paid automatically and immediately without messy bank transactions, money that can be used instantly to buy goods.
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https://steemit.com/photography/@tanim143/tree-and-natural-photography-of-my-smartphone
I agree with you. Cryptos and decentralized systems have very quicker means of making payments. The downside tho is its volatile nature. STEEM and SBD for instance keep dropping faster than Steph Curry dropping defenders with crossovers.
Cryptocurrency will be replaced with all currencies in future
Crypto is future now
other facts-it is an inveement like no other, also it is harder to steal.
Well, yes you are right brother and i'm 100 percent agree with each and every word written by you, I know some of my friends working on youtube, Cpa and other website and believe they need to wait months for their payments but Crypto isn't like that.
let's take an example of Steemit, just make a schedule of 7 days and then you will start getting money on each day.
I am a freelnacer and I see this effect. Payment was reaching me in 20 days and now this has changed to 20 - 30 mins (you know BTC takes time as compared to Eth or LTC).
Results are in favor when you use crypto but addiction is that I keep investing my earnings in crypto. For me future of crypto is more important.
This is good for the vendor, only thing is that consumers need some form of credit to increase spending.