- Thumzup will soon pay its gig workers via Bitcoin.
- The Nasdaq-listed media and marketing firm recently added BTC as a treasury asset.
Thumzup, the media marketing company that recently adopted a Bitcoin (BTC) strategy with a $1 million purchase, has announced plans to add crypto payments for gig economy workers.
In a Nov. 19 announcement, Thumzup Media Corporation said it planned to soon add Bitcoin to its gig economy workers. The publicly-traded company will offer this option via its Account Specialist Program (ASP). It’s a move that expands on the marketing solutions provider’s businesses that allows its clients to pay cash to fans via Venmo and PayPal.
Thumzup is the app that rewards you for being you! Share your authentic self at one of your favorite businesses or brands in a reel or photo, and get paid for it. Learn more: https://t.co/7L87alJRWK $TZUP #SocialMedia #Marketing pic.twitter.com/BrelOoLPGQ
— Thumzup Media Corporation (@thumz_up) November 15, 2024
This latest move also adds to the growing adoption of cryptocurrency payments, particularly in the gig economy.
For its feature, Thumzup will leverage top crypto platforms like Coinbase to integrate 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 executive officer of Thumzup, said in a statement.
“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 feature with crypto payments from January 2025. While the new model is expected to see greater traction, Thumzup will continue to support traditional bank payments for those that prefer the existing options.
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As the popularity of cryptocurrencies surges and finds increasing acceptance, real estate developers are more open to accepting cryptocurrencies as payments for homes they build. The latest to jump on the bandwagon is ‘A Gig Harbor,’ Washington-based developer. Later this month, the developer will start taking cryptocurrencies, including the meme-based DOGECOIN, for real estate reports rismedia.com.
In a recent news release Harbor Custom Development, Inc. informed that it will accept digital currencies as payment for its listed land, developed lands, family homes, condominiums, and apartments in the company’s markets in Washington, California, Texas, and Florida commencing January. 24, 2022.
The company plans to accept more than a dozen types of digital currency. https://t.co/0EJ24uDFBc
— Tacoma News Tribune (@thenewstribune) January 10, 2022
DOGE and other Crypto’s will be accepted
Among the cryptocurrencies which the company will accept includes BTC, ETH, USD Coin, DOGE, SHIBA INU, Litecoin, Dai, Bitcoin Cash, Pax Dollar, Binance USD, Gemini Dollar, and Wrapped Bitcoin.
Chief Operating Officer Jeff Habersetzer said that accepting digital currencies for our real estate offerings indicates the flexible business model that separates it from other industry peers.
Harbor Custom Development operates around Puget Sound and in Sacramento, California; Austin, Texas; and Punta Gorda, Florida.
Its website recently advertised homes in Tacoma, Bremerton, Belfair, Blaine, Texas, and California.
Sterling Griffin, President, and CEO said in the release. “By accepting digital currencies, Harbor not only opens the door to entities with combined market caps exceeding $1 trillion of purchasing power but places Harbor in the first-mover position of adoption. Our clear objective is to drive shareholder value while acting as the thought leader within our industry group.”
Harbor Custom Development’s current local projects
Construction Complete- Soundview Estates, Bremerton: 25 homes
Under Construction– Mills Crossing, Bremerton: 36 townhome apartments, Pacific Ridge, Tacoma: 80 condominiums, Tanglewilde, Olympia Apartments: 177 units, Olympic Sunset View Apartment Project, Belfair: 226 units, Wyndstone, Yelm: 76 apartments,
Future Projects of Harbor Custom Development’s– Bridgeview Apartments, Port Orchard: 138 units start spring 2022, Broadmoor Commons, Bremerton: 32 townhome apartments begin in January 2022, and Westry Village, Poulsbo: 66 townhomes, spring 2022
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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