Crypto payments trend among India’s gig workers

India’s gig workers, including software developers, content creators and those who work with global firms, are reportedly choosing to get paid increasingly in cryptocurrency over traditional money even as the digital currency faces regulatory scrutiny in the country.

India’s crypto community has been leaning into crypto-based incomes for quite some time, the Hindustan Times reported, citing industry executives, with professionals preferring digital currencies such as bitcoin, ether and tether (USDT).

Sending and receiving money in cryptocurrency avoids paying higher wire charges and does not require multinational firms to meet norms that would require them to add an international employee or freelancer to their payrolls.