There’s no doubt that cryptocurrency is becoming more and more mainstream. With the recent announcement of Facebook’s Libra project, it’s clear that the world’s largest companies are taking notice of this digital asset class.
So, does UpWork accept cryptocurrency?
At the moment, the answer is no. UpWork does not accept cryptocurrency as a form of payment. This may change in the future, but for now, all payments on the platform must be made in fiat currency.
That said, there are a number of freelancers who are willing to accept cryptocurrency as payment for their services. So, if you’re looking to pay with crypto, you may be able to find a freelancer who is willing to work with you.
Of course, there are a few things to consider before paying a freelancer in cryptocurrency. Firstly, make sure that you understand the risks associated with this asset class.
Cryptocurrency is highly volatile, and its value can fluctuate rapidly. This means that there’s a risk that the value of your payment could drop significantly by the time the freelancer completes the work.
Secondly, remember that most freelancers are not tax experts. As such, it’s important to get guidance from a qualified accountant on how to treat cryptocurrency payments for tax purposes. Failure to do so could result in you incurring hefty penalties from the IRS.
Overall, while UpWork does not currently accept cryptocurrency as payment, there are a number of freelancers who are willing to accept this form of payment. However, it’s important to understand the risks involved before entering into any agreements.
Conclusion: At this time UpWork does not accept Cryptocurrency as payment but that may change in the future. For now if you’re looking to use Cryptocurrency to pay for services on UpWork you may be able to find a freelancer who is willing to work with you but their are risks involved that should be considered before any agreements are made.
