Earning Bitcoins as an additional income is a principle attracting quite a lot of interested parties from all over the world. Since Bitcoin is still relatively new, there are quite a few job opportunities for people from all aspects of life. Web design, graphical artists, writers and translators will have a pretty easy time finding a job paid in Bitcoin. But for those among us who want to freelance, it might be worth checking out Faradam.
Faradam – Bitcoin Micropayments For Freelancers And On-demand Jobs
Finding a freelance job in exchange for Bitcoin is not as easy as it sounds, depending on your particular set of skills. Coders will always find some job to complete, whereas designers are forced to compete with other people undercutting their prices. But in the end, it all comes down to getting paid in Bitcoin, which could prove to be another hurdle in its own right.
Doing freelance work in exchange for Bitcoin usually means there is no written agreement between all parties involved. As a result, there are quite a few people who are looking to get a small job done, then refuse to pay once it has been completed. Overcoming this problem has proven to be rather difficult, which is part of the reason why very little freelance work is being done in exchange for Bitcoin.
Faradam might change all of that, as this new Bitcoin micropayments tool uses a timer function to facilitate payment between all involved parties. The freelancer will provide his or her name, their hourly work rate and a Bitcoin address. Employers, on the other hand, can simply sign up for Faradam and link their existing Bitcoin wallet.
“What we’re now doing is focusing mainly on use cases where people have bitcoin like international freelancers, and they charge their clients in bitcoin. In Argentina, we don’t have a PayPal, it’s really hard to charge for freelance services from the US.” – Demian Brener, Faradam co-creator told DigitalMoneyTimes.
Faradam has taken a page out of Streamium’s book, by adopting blockchain technology to facilitate micropayments across the globe. Charging for a service, rather than for content, could prove to be an invaluable tool to give Bitcoin a mainstream adoption push in the coming years.
From a business perspective, it only makes sense to see Faradam charge a 1% fee on all transactions, as the platform will act as an intermediary. Unlike Streamium, which charges absolutely no fees for payments, Faradam will maintain their 1% fee for the foreseeable future. It will be interesting to see whether this fee will be lowered – or even removed – in the future.
Making The Whole Process More Convenient
The whole concept of billing in Bitcoin is confusing for most companies and individuals, which is why Faradam wants to streamline the process of doing so. As a result, the platform features a convenient and easy-to-use interface. Simple projects will go a long way to give Bitcoin a much needed positive boost.
“We know it’s a complicated concept, payment channels and bitcoin, so we worked really, really hard on doing the site very simple so people could grasp it and understand it as soon as possible. We finished the Faradam project a week ago, and we shared it with our champions, our early adopters, freelancers, teachers and consultants who use it with their clients. Today it’s a simple product to use and you can grasp it right away.” – Demian Brener concluded.
What makes Faradam really interesting is its web-based nature, allowing the platform to be integrated with popular applications and platforms such as Slack and Skype. Over the next few months, Faradam might become one of the major platforms used by freelancers around the world, giving them the option to receive frictionless payments from all over the world.
Images courtesy of Faradam, Shutterstock