1. Cryptocurrency is global. Getting paid in cryptocurrency allows you to work anywhere and from companies in any location. If you have worked remotely for clients in different countries you understand the difficulties of figuring out how to get paid. You also have to factor in the extra costs of using platforms such as Paypal or TransferWise. Often you will pay a fee to the platform as well as a currency conversion fee charged by your bank. While there are fees for converting cryptocurrencies to FIAT more places are accepting cryptocurrencies directly.  This means you pay fewer fees on a smaller portion of your pay. If you consider yourself a nomad or like to travel each time you are in a different country, you will pay conversion fees. With Cryptocurrency, if you pay a fee to convert the currency you only need to do so once.  If you get paid in FIAT only do you have to convert the transfer and convert currency, you also have to wait for the transaction to go through. The amount of time you will have to wait will depend on from and to which country the money is being transferred. Cryptocurrencies transfer at lightning speeds.

2. Spending cryptocurrency is quite easy. In the early years of Bitcoin it was difficult to spend the coin. The infamous silk road was one of the only places where you could spend your Bitcoin. However times have changed, there are Bitcoin ATMS. Services such as CoinBills will help you pay your rent, utilities, and other bills without converting your cryptocurrency to FIAT. Many platforms such as Etsy are starting to allow you to pay for goods in cryptocurrency. Global merchants also benefit from the lower transaction fees and speed of transfer. It’s easy to see why more and more merchants will allow you to spend your cryptocurrencies directly. This means fewer fees for you and less hassle.

3. Cryptocurrencies are forms of investment. Many of us struggle with saving for retirement and deciding how to invest our money. The options are endless. You have to decide if you want to invest on your own or in a fund such as an IRA. Then you have to pick your investments or fund. You also have to decide how much to set aside. By getting paid in cryptocurrency you are automatically investing any portion of your salary you do not pull out as FIAT. While there is no intrinsic guarantee that cryptocurrency will increase in value. Getting paid in the right coin could mean that you stand to see a high return on your investment. If you educate yourself about the market and choose wisely you can increase your income over time and plan for your future.

4. Fiat Currencies are volatile as well. While yes it is true that the cryptocurrency market does shift. We often forget that FIAT currencies are a market of their own and depending on the political and economic climates their values shift. It’s easy to forget this if you live in an economically stable country, but currencies do rise and fall. The Venezuelan Bolivar is an excellent lesson in what can happen when a currency is destabilized. FIAT as a whole is not becoming destabilized anytime soon. Although if you are paid by clients in different countries or move around, market changes affect your pay. Your understanding of the currency you are being paid in and the currency you need to convert the money to can affect your bottom line.When you accept cryptocurrency you only have to understand one market, rather than the market of each currency involved in your business transactions. 

5. Cryptocurrency is naturally more secure than FIAT. Each bill in your pocket is not tracked. While its true they do have serial numbers, there is no record aligning these numbers to their owners. The blockchain, on the other hand, keeps a record of each coin or token. Their locations and histories can be tracked. There are a few ways in which cryptocurrencies can be lost. It is key to use a secure wallet and keep track of your password. However, if you do this the risks are much lower than they are with FIAT. The use of a password-protected wallet combined with the inherent tracking of the blockchain is an excellent blockade against identity theft. Physical currency can be lost or stolen. Your cryptocurrency is kept safe in your wallet on the blockchain and is not subject to physical risk.

It’s clear that cryptocurrency is here to stay. At CanYa we fully believe in the future of the blockchain and the advantages of paying for and receiving payments in cryptocurrencies for services. After the CanYa App global launch members will be able to use the platform to receive payment for as well as to pay for services using CAN. Considering the advantages of cryptocurrency maybe it’s time to make a switch.  While you may not be ready to ditch your FIAT just yet it really is worth starting to accept some payments in cryptocurrency.

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