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Accepting cryptopayments on UpWork

sayedmohamed66
Active Member
Mohamed Ibrahim S Member Since: Nov 20, 2018
1 of 5

Is it possible that Upwork Accepts Crypto payments like Bitcoin and ETH Soon? 

tinker_bell3
Moderator
Joanne Marie P Moderator Member Since: Nov 26, 2017
BEST ANSWER
2 of 5

Hi Mohamed,

 

We have no updates yet if this will be offered as one of the payment options, but I'll go ahead and share this with the team for consideration. Thank you. 


-Joanne
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diobrln
Active Member
Dionysios B Member Since: Mar 31, 2017
3 of 5

Hello,

 

Just checking to see if there is any progress in cryptopayments? We lose a lot of money in convertion process, approx 40% is lost so crypto payments would be a cool way to help people with different currency than dollars. Thank you in advance for any reply given.

petra_r
Community Guru
Petra R Member Since: Aug 3, 2011
4 of 5

Dionysios B wrote:

Just checking to see if there is any progress in cryptopayments? We lose a lot of money in convertion process, approx 40% is lost so crypto payments would be a cool way to help people 


How is 40% "lost"?

I doubt Upwork will support cryptocurrencies until such a time when payment via cryptocurrencies become 100% traceable and transparent.

diobrln
Active Member
Dionysios B Member Since: Mar 31, 2017
5 of 5

Upwork gets 20-10% per project. A dollar is 0,83 of a € at the moment and went down to 0,79 in Trump era.  So yeah, a good 35-40% is lost with all conversions and fees. If there was a cryptocurrency available I might even see my losses in the future. As for cryptocurrency, I am a bit disapointed that a frontliner like Upwork can't grasp the technology behind cryptopayments and instant transactions. As for your comment "until cryptocurrencies become 100% traceable and transparent" they are already traceable and transparent. The only crypto not transparent and traceable are privacy coins like XMR by default. Do you follow the crypto scene?

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