High Fees and Slow Payments Push Freelancers to Crypto

[madmax]

Freelancers in emerging markets face steep banking fees—sometimes 5–10% per transaction—and unfavorable exchange rates that cut into their earnings. Traditional international transfers can take up to five days, causing cash flow headaches. Crypto, particularly stablecoins pegged to the U.S. dollar, offers near-instant payments and minimal fees, letting freelancers get paid faster and plan their finances more effectively.

[alex10]

Freelancers are realizing crypto payments cut delays and reduce costly transaction fees.

[kelson10]

The inefficiencies of traditional banking are driving the freelance economy toward blockchain.