When cryptocurrencies appeared, new use cases for freelancers and global nomads were immediately discussed. The future seemed bright: freedom from the limitations of national currencies and from the inconveniences of foreign exchange when travelling; receiving payments and money from clients around the world in a cheaper, faster way; escaping the bureaucracy of traditional banks and Exchanges.
Managing money with the same flexibility as they manage work hours has always been THE (freelancer) dream.
However, there’s still one small problem in the way of that dream: cryptocurrencies are volatile. That means the value of your earnings and expense planning is going to constantly change out of your control. And this is where stablecoins (stable cryptocurrencies) come in as the solution.
The millennials are rewriting the rules of financial systems with their strive for travel and constant connectivity to the internet. Those who were once digital natives have turned into digital nomads, as an ever-growing number of people are refraining from traditional work in offices and are moving to remote working formats. Such employees are adept at using digital assets, and stablecoins fit the bill as their instrument of choice (Everex blog)
Stablecoins offer the best of both, traditional currencies and digital currencies. They allow a freelancer to 1) get paid with low-cost, fast and safe transfers 2) get paid in a global currency whose value is locked-in 3) use their earnings to spend, buy or save in any way they consider best 4) Have their purchasing protected and applicable anywhere they go, across borders.
Once that happens, digital nomads will begin to have a better idea about local exchange rates on a global scale. It will be easier to agree on the value of a coin or currency, and that’s going to make it easier to travel while working. I’m really intrigued by the possibility of traveling around, cashing in, cashing out and seamlessly knowing exchange rates throughout a trip (Forbes)
There are already several stablecoins out there and adoption is gaining ground fast. Our sister company globcoin.io has developed a unique stablecoin called GLX, linked to 15 currencies and gold. Digital nomads will be able to receive payments in GLX and other stablecoins instead of USD or their domestic currency. The GLX is disrutping the digital currency space as Globcoin is disrupting the traditional FX card fintech space.
There’s still a lot to do, but freelancers and nomads and definitely closer than they ever were to receive payments and use their stablecoins, and to fulfill that dream that Samantha Radocchia describes so well:
Getting a corner office in a massive city is no longer a marker of success. Instead, success is measured by being able to do what you want, where you want, when you want. Now, “making it” may look like someone who lives in a beautiful small town somewhere in the mountains or on the beach. They get their work done and explore the world around them with the rest of their day.