- Thumzup will quickly pay its gig workers by way of Bitcoin.
- The Nasdaq-listed media and advertising agency just lately added BTC as a treasury asset.
Thumzup, the media advertising firm that just lately adopted a Bitcoin (BTC) technique with a $1 million buy, has introduced plans to add crypto payments for gig economy workers.
In a Nov. 19 announcement, Thumzup Media Corporation mentioned it deliberate to quickly add Bitcoin to its gig economy workers. The publicly-traded firm will provide this selection by way of its Account Specialist Program (ASP). It’s a transfer that expands on the advertising options supplier’s companies that permits its shoppers to pay money to followers by way of Venmo and PayPal.
Thumzup is the app that rewards you for being you! Share your genuine self at one in all your favourite companies or manufacturers in a reel or photograph, and receives a commission for it. Learn extra: https://t.co/7L87alJRWK $TZUP #SocialMedia #Marketing pic.twitter.com/BrelOoLPGQ
— Thumzup Media Corporation (@thumz_up) November 15, 2024
This newest transfer additionally provides to the rising adoption of cryptocurrency payments, notably within the gig economy.
For its characteristic, Thumzup will leverage prime crypto platforms like Coinbase to combine BTC into its payout system.
“We’re thrilled to empower the gig economy with the option of Bitcoin payments, especially in tech-forward areas like Los Angeles and South Florida,” Robert Steele, chief government officer of Thumzup, mentioned in a press release.
“This initiative offers them faster transactions, lower fees, and more financial privacy. Plus, with Bitcoin’s growing acceptance, they can easily use their earnings for daily expenses or as a potential investment,” Steele added.
Thumzup plans to roll out the ASP characteristic with crypto payments from January 2025. While the brand new mannequin is predicted to see better traction, Thumzup will proceed to help conventional financial institution payments for people who choose the present choices.
