- Thumzup will quickly pay its gig staff through 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 mentioned it deliberate to quickly add Bitcoin to its gig financial system staff. The publicly-traded firm will provide this selection through 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 through 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 picture, and receives a commission for it. Study extra: https://t.co/7L87alJRWK $TZUP #SocialMedia #Advertising and marketing 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 financial system with the choice of Bitcoin funds, particularly in tech-forward areas like Los Angeles and South Florida,” Robert Steele, chief govt officer of Thumzup, mentioned in an announcement.
“This initiative affords them quicker transactions, decrease charges, and extra monetary privateness. Plus, with Bitcoin’s rising acceptance, they will simply use their earnings for each day bills or as a possible funding,” Steele added.
Thumzup plans to roll out the ASP function with crypto funds from January 2025. Whereas the brand new mannequin is predicted to see better traction, Thumzup will proceed to help conventional financial institution funds for those who favor the present choices.
