- Thumzup will quickly pay its gig employees by way of Bitcoin.
- The Nasdaq-listed media and advertising and marketing agency not too long ago added BTC as a treasury asset.
Thumzup, the media advertising and marketing firm that not too long ago adopted a Bitcoin (BTC) technique with a $1 million buy, has introduced plans so as to add crypto funds for gig financial system employees.
In a Nov. 19 announcement, Thumzup Media Company stated it deliberate to quickly add Bitcoin to its gig financial system employees. The publicly-traded firm will provide this feature by way of its Account Specialist Program (ASP). It’s a transfer that expands on the advertising and marketing options supplier’s companies that enables its shoppers to pay money to followers by way of Venmo and PayPal.
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— Thumzup Media Company (@thumz_up) November 15, 2024
This newest transfer additionally provides to the rising adoption of cryptocurrency funds, significantly within the gig financial system.
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 financial system with the choice of Bitcoin funds, particularly in tech-forward areas like Los Angeles and South Florida,” Robert Steele, chief government officer of Thumzup, stated in an announcement.
“This initiative affords them sooner transactions, decrease charges, and extra monetary privateness. Plus, with Bitcoin’s rising acceptance, they will simply use their earnings for day by day bills or as a possible funding,” Steele added.
Thumzup plans to roll out the ASP characteristic with crypto funds from January 2025. Whereas the brand new mannequin is anticipated to see higher traction, Thumzup will proceed to help conventional financial institution funds for people who favor the present choices.