Receiving payments for freelance jobs: Fiat (TradFi) vs Crypto (DeFi)
A quick anecdote about how cryptocurrencies solve problems in the real world by offering a more efficient solution for cross-border payments.
A few days ago (FEB, 22) I delivered my first gig on Fiverr.
After that, I was charged 20% of the total paid in fees and it is taking 15 days for the payment to clear on the platform, so I can send it to another intermediary — who will charge more fees (3% + $3 + taxes) and ask for more time to send what was left to my bank account in Brazilian Real (BRL).
But I also accept crypto for payments (BTC, ETH, XMR, BCH, XNO and stablecoins).
So... In the meantime, I've delivered another 4 jobs to p2p clients, who paid me in nano (3) and usdt (1).
XNO payments took less than 24h to be sent after delivery, and were settled in less than a second. No fees were charged. I received 100% of the amount sent.
USDT payments using the Tron Network took 96h to be sent after delivery, and were settled in a few minutes. Very low fees were charged and the exchange for $BRL was low cost.
Both payments have already been used for my daily needs.
This is how crypto solves real world problems!