Gig workers have started turning to crypto payments

Gig workers in India have been using cryptocurrencies as legitimate means of remunerations. Software developers, content creators and others who work with global companies use cryptocurrencies as a medium of remittance, instead of going for fiat mediums, according to multiple users and experts.

“There are two schools of thought. One is that you can’t take crypto as payment as the government doesn’t consider it legal tender. The second is that barter is allowed, so why not crypto? I belong to the second one,” said Naimish Sanghvi, CEO of Coin Crunch, a cryptocurrency media firm.

Sanghvi said he has been getting income in crypto for more than three years, well before he started his company.