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The uncertainty of the cryptocurrency has made it the focus of attention this decade.

But the undeniable fact is that, despite its highly volatile nature, Cryptocurrency is selling like hotcakes! So what is still ahead of him? Is cryptocurrency a good investment, especially after the much-touted Metaverse was announced? Is There More Than Bitcoin?

As a startup or medium-sized entrepreneur, these questions must have been through your head at least once. But according to Reuters data, NFTs, crypto assets, rose to an all-time high of 2.5 billion in the second quarter of 2021.

After the pandemic, two things saw tremendous growth – remote work and cryptocurrency. According to a global Gartner survey, 88% of companies worldwide were working from home or asked to work from home after COVID-19 was declared a pandemic.

So how does the combination of remote work and cryptocurrency benefit small businesses? Mere numbers cannot answer all of the above questions. Let’s examine the subject layer by layer.

A brief introduction

Cryptocurrency is digital money in a decentralized form based on blockchain technology. Most of the people are familiar with the widely known versions like Bitcoin and Ethereum. However, there are more than 5000 different cryptocurrencies in circulation.

You can understand it digitally as a medium of exchange. Cryptocurrency is encrypted and decentralized, with an unregulated market. There is no central authority to manage and maintain the value of a cryptocurrency. It is a digital alternative to the US dollar or the euro, fiat currency. Its users on the internet have mastered how cryptocurrency works. Bitcoin was the first cryptocurrency.

Credit: Unsplash

Validity of the cryptocurrency

It is an important question – how valid is cryptocurrency? El Salvador recently granted legal tender status to Bitcoin. It is the first country to make such an important announcement about cryptocurrency. Users in the country can conduct cryptocurrency transactions where they are accepted. However, the main currency of El Salvador is the US dollar, but the scope of the cryptocurrency is huge now. As the reports suggest, other Latin American countries are considering similar welcoming moves for the decentralized currency.

The crypto hype has skyrocketed around the world, especially since Tesla CEO Elon Musk tweeted about it earlier this year.

Crypto coins have also seen a significant surge, largely as individuals increasingly accept them. According to statistics from the end of 2020, around 2500 companies in the US accept Bitcoin. Note that this data does not include Bitcoin ATMs. In addition, more and more companies around the world are using Bitcoin and other digital assets for a variety of operational, investing, and transactional purposes.

What more can you expect from cryptocurrency?

It is not enough to know the validity. Here are some interesting cryptocurrency facts that you can turn into a user. These are also the reasons why many companies are adopting it.

• Crypto can be a great way to access new demographics. Cryptocurrency users advocate transparency in their transactions. If you look at Business Wire’s reports, 40% of customers using Cryptocurrency are new customers who tend to buy double compared to credit card users.
• When new business owners adopt cryptocurrency it can raise internal awareness of the latest technology. So think about it – your company can secure a place in the future and stay ahead of the competition.
• Crypto could open a path for access to new pools of capital and liquidity through traditional investments.
• Crypto can replace the traditional currency as it can use conventional currency to access the options that are not available. Programmable money, for example, can help you perform accurate revenue sharing in real time while improving transparency to facilitate reconciliation in the back office.
• Individuals and providers are shifting their base towards cryptocurrency. In addition, companies are realizing that important customers want to use crypto to make payments. Therefore, your company needs to be well prepared to receive and make payments via Crypto to ensure smooth exchanges with key stakeholders.
• Crypto is a new area to fuel a large number of traditional treasury activities. For example,
• It enables smooth, real-time and secure payment transfers / receipts.
• It helps to better control corporate capital.

Many individuals view cryptocurrency as a viable option to offset assets with cash, which can depreciate in value over time due to inflation.

Crypto is a stellar investment, and some of them, like Bitcoin, have grown consistently over the past five years.

How is Crypto related to remote work?

The two concepts may not have a direct link, but there is a common threshold.

• Both concepts appeared almost simultaneously.
• Both came mainstream after the pandemic.
• Both come with total security and true confidentiality.

But what else?

The coming markets are digital. After Metaverse’s announcement, it is evident that marketplaces will shift their base to virtual reality. As Mark Zuckerberg points out in the founder letter to Metaverse, remote staffing and cryptocurrency will be the most important tools for small business founders in this digital transformation.

The toughest challenge any small business owner faces is budgeting. Budgets are limited and start-up owners often end up empty-handed. This is due to the expensive office equipment, hiring costs, training costs and other tasks. It is becoming almost impossible for startup founders to make any form of investment.

Credit: Unsplash

Remote working is here to solve this problem.

Using virtual assistants can make things go smoothly for you. Individuals think freelancer is the best solution, but having a remote assistant is much more cost effective than working with a freelancer.

When you hire a virtual assistant from outsourcing agencies like Wishup, you save

• Rental costs: Wishup filters and interviews the professionals and connects you only with experienced people; You don’t even have to bear employer obligations like employee insurance, allowances and benefits.
• Time: You don’t have to search for professionals, shortlist them, and call them. Wishup does it all, and you can start the work delegation right away.
• Office furnishing costs: Working remotely does not require office equipment. This also saves you the cost of office furniture.

Companies can save $ 11,000 per employee annually by working remotely. And those numbers apply to hybrid work models that account for 50% of remote work per year. Imagine the extent to which working remotely can cut costs and convert those savings into cryptocurrency investments. This will allow you to take full advantage of the savings and increase your bottom line, which will lead to growth.

Lower real estate costs, fewer absenteeism and higher productivity are further advantages of remote staffing.

Do the two have a future together?

With the optimism surrounding crypto and virtual staff, the two concepts will remain. Along with customers and buyers, your employees may also want to participate in the crypto exchange, considering so many advantages of a decentralized currency.

In fact, hiring a virtual workforce can be your shield even if the cryptocurrency is plummeting.

When analyzing the benefits, you cannot neglect the volatility and risks associated with the cryptocurrency. Remote working, however, tends to neutralize the cryptocurrency’s shortcomings to some extent. Hence, the value of Cryptocurrency may fluctuate, but the benefits and cost savings of working remotely are clear.

Last word

The combination of the two is an innovative solution for young companies that comes onto the market. Saving remote labor and investments in cryptocurrency can be a golden bridge to growth for your emerging business, especially when organizations like Wishup make it convenient for you to hire a remote assistant. A remote worker can prevent work burnout and investing in crypto can prevent cash burnout.

You can start planning your free consultation by emailing sales@wishup.co, listing your requirements, and working with your virtual assistant!

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