- Thumzup will quickly pay its gig staff 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 staff.
In a Nov. 19 announcement, Thumzup Media Company stated it deliberate to quickly add Bitcoin to its gig financial system staff. 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 permits its purchasers 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 among your favourite companies or manufacturers in a reel or photograph, 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 characteristic, 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 government officer of Thumzup, stated 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 characteristic with crypto funds from January 2025. Whereas the brand new mannequin is anticipated to see larger traction, Thumzup will proceed to assist conventional financial institution funds for those who desire the prevailing choices.
