- Thumzup will quickly pay its gig staff 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 so as to add crypto funds for gig financial system staff.
In a Nov. 19 announcement, Thumzup Media Company mentioned it deliberate to quickly add Bitcoin to its gig financial system staff. 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 enables 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 certainly one of your favourite companies or manufacturers in a reel or picture, and receives a commission for it. Be taught extra: https://t.co/7L87alJRWK $TZUP #SocialMedia #Advertising pic.twitter.com/BrelOoLPGQ
— 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 function, Thumzup will leverage high 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 govt officer of Thumzup, mentioned in an announcement.
“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 function with crypto funds from January 2025. Whereas the brand new mannequin is anticipated to see larger traction, Thumzup will proceed to help conventional financial institution funds for those who want the prevailing choices.