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Microlancer Revolutionizes the Gig Economy with Bitcoin

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Bitcoin Press Release: Fueled by Bitcoin’s new payment layer, one small gig economy site is exploding in user growth and the developer behind it has big plans.   June 3rd 2020, San Francisco, US: Microlancer.io, the crypto gig platform has just announced growth statistics and it is indicating that the gig economy is just about […]

The post Microlancer Revolutionizes the Gig Economy with Bitcoin appeared first on Bitcoin PR Buzz.

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Bitcoin Press Release: Fueled by Bitcoin’s new payment layer, one small gig economy site is exploding in user growth and the developer behind it has big plans.

June 3rd 2020, San Francisco, US: Microlancer.io, the crypto gig platform has just announced growth statistics and it is indicating that the gig economy is just about to enter a second boom fueled by bitcoin. With 40 million unemployed in the US alone, for many, finding a job is getting close to impossible hence easy ways to earn a bit of money are an anticipated antidote to support many through recession.

Not that the Microlancer announcement would resemble in any way a Berkshire Hathaway annual shareholder conference or a Bitcoin Suisse series A promotion. The “investor” relations are kept rather pure. Investors in microlancer haven’t been venture capitalists either but simply users and supporters who love and appreciate the platform’s features. Creating a task takes less than 20 seconds and within minutes, taskers or “microlancers” from around the world will apply to fulfill the task. 

Once the offer is completed the magic happens and the platform can play out its strengths. Sending the payment is as simple as taking a photo with your smartphone. Thanks to Bitcoin’s payment layer, the Lightning Network, payments are private, instant and nearly zero fees, which makes both sides very happy. The tasker receives the funds from escrow without delay and on the other side, the outsourcer saves potentially hundreds of dollars in listing and payment fees.

But what’s behind the rapid growth – is it just a fad or is there a solid business model? Tim, the single-handed developer behind the site believes that the demand is caused by a combination of economic and political factors: 

“My goal for Microlancer originally was to just increase lightning adoption, because I believe our current financial system is kleptocratic, unjust and unfair and Bitcoin is a great alternative. People who are unbanked are completely excluded from global commerce and basically have to decide whether to accept their poverty or struggle against a system that works against them. Microlancer solves that problem.”

It’s undeniable that Bitcoin adoption is going forward stronger than ever in places like Africa or Latin America, in countries that have been suffocated for years from economic devastation and inflation. When people are restricted from remittance and international transfers and the economy is breaking into pieces, the ability to work can be a matter of survival and sites like Microlancer can be a real blessing.

5000 satoshis, about 50 cents, might not be worth a mouse click in the US but it’s a breakfast with coffee in Ghana. And for 5000 satoshis you can outsource more than you think. Finding a hotel, or phone repair shop in a foreign city, letting someone design a logo for your new dog salon business. Whatever you are too lazy to do or to google, on Microlancer someone will be happy to do it for you. This doesn’t exclude professional use and more and more employers are attracted to the site for it’s extreme competitive pricing and convenience. Tim also said:

“I wanted to help people who were unable to work on traditional sites because they couldn’t fulfill the privacy-invading KYC requirements and the high fees would eat all their work, those people are the most excited about using Microlancer”

And it seems Microlancer has hit a nerve as latest statistics reflect rapid growth and an astonishing amount of users signed up. But will it make a dent against the big players in the gig economy? Freelancer, Fiverr and Upwork are now multimillion dollar platforms with millions in funding. Upwork had $168.8M funding, hundreds of employees and it’s IPO valuation at Nasdaq was $1.6B. Tim continues: 

“I’m one little guy fighting against $1.6B mammoths  – but the truth is that corporations have disadvantages too. They are slow and bureaucratic and they aren’t innovative enough to see the potential of lightning. Users will go choose the better service and I am pretty optimistic our growth curve will soon be even steeper especially when Bitcoin sees greater adoption and new all time highs. Then it’s inevitable.”


To find out more and start earning Sats today, visit the website at https://microlancer.io/

Media Contact Details
Contact Email: [email protected]
Contact Twitter: @microlancer

Microlancer is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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Source: https://bitcoinprbuzz.com/microlancer-revolutionizes-gig-economy-bitcoin/Source: https://bitcoinprbuzz.com/microlancer-revolutionizes-gig-economy-bitcoin/

Blockchain

Binance to cease these crypto-derivative offerings in Australia

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Once upon a time, regulators around the world weren’t confident about handling the crypto-ecosystem. This attitude, however, has changed of late thanks to the industry’s growth and the interest it has seen from traditional institutions and major investors.

The aforementioned change isn’t universal, alas, with some crypto-entities still coming under a lot of regulatory fire. Binance is a case in point. The platform has come under increased scrutiny from a growing number of regulators worldwide, including regulatory authorities from the U.K, the U.S, the Netherlands, and Canada.

Australia too has now been added to this ignominious list.

According to an official announcement made by the exchange, Binance will no longer offer Futures and Options trading in Australia. It read,

“As Binance constantly evaluates its product and service offerings to comply with local regulations, we will cease offering the following products to existing Australian users: Futures, Options, Leveraged Tokens”

Moreover, it revealed that ‘existing Australian users will have 90 days to reduce and close their positions for these products.’ Post 23 December, users will no longer be able to manually reduce their positions, and all remaining open positions will cease.

What does this mean for Binance and its executives?

Well, the aforementioned step is in alignment with its executives’ aim – To create a sustainable ecosystem around blockchain technology and digital assets. In fact, according to one of its executives,

“Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators. We are committed to working constructively in policy-making that seeks to benefit every user.”

This move followed last month’s restrictions on Options, margin products, and leveraged tokens (New accounts were barred from engaging in).

And the “nightmare” continues… 

Binance took a similar hit in a different part of the world less than two weeks ago. It discontinued support for trading pairs in the Singapore dollar (SGD), again due to regulatory crackdown(s).
Binance found itself in troubled waters earlier this year, with regulators around the world zeroing in on the top exchange. The regulatory pressure forced the leading crypto-company to adopt a proactive approach to compliance. That being said, the jury is still out on whether these steps have been making any difference?
Moreover, US authorities are probing possible insider trading and market manipulation allegations involving Binance. The exchange, for its part, has denied these speculations. Binance has a “zero-tolerance policy for insider trading,” a statement said.
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Source: https://ambcrypto.com/binance-to-cease-crypto-derivative-offerings-in-australia

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Robinhood Testing New Cryptocurrency Wallet as Demand Rises

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The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


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“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

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Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

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Blockchain

Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

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American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

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