- Remote work between some countries is banned because of the high conversion and transfer fees
- The freelancing market is currently estimated to be worth $150 trillion
Fintech firm Quasa has launched QUASA Connect, the world’s flagship crypto freelancing app, Bankless Times learned from a press release.
There is a ban on remote work between some countries in the world because of the high conversion and transfer fees, a fact the Russian team behind Quasa is well aware of.
40-50% exchange fees deter freelance work
According to Quasa CEO Slava Vasipenok, freelancing exchange fees can be prohibitively high, even as much as 40-50% in some cases. The freelancing market is currently estimated to be worth $150 trillion, and the new app can help mitigate the issue with high fees.
How it works
A freelancer or client can connect their crypto wallet and can transact using the QUASAcoin (QUA) cryptocurrency. It becomes possible to create novel ways to exchange money for freelancer services without major points of failure.
QUA runs on the Ethereum Mainnet. Leveraging the app is contingent upon using QUA tokens. The app can help mitigate many issues plaguing the freelance industry, such as finding clients and contractors in different countries, as well as issues connected with making payment and receiving money.
Potential benefits
Users are not tied down to a specific geographic location, banks, issues with bank operations, the currency of any country, payment systems, the need for currency exchange, exorbitant commission fees and surcharges, certificates, paperwork, middlemen, etc. The interaction is direct: there is the client and then there is the freelancer providing the service.
A legitimate platform
The official website of the legit platform attracts hundreds of thousands of unique visits a month and has a vibrant community of social media users. Its QUA token is listed on CoinGecko, CoinMarketCap, and other leading crypto platforms as well as a number of crypto exchanges.
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