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Tried paying freelancers in cryptocurrency?
How did it work out? Share your cryptocurrency experiences.
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Sonya
On the positive side, it offers faster transactions and enhanced security. But there are challenges too, such as dealing with price fluctuations and ensuring freelancers are willing and able to accept crypto payments. My experiences have been mostly positive, but it's crucial to have open communication and consider each freelancer's preferences.
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There could be tax reporting issues when paying them in cryptocurrencies. It becomes challenging to track and document these transactions accurately and ensure legal compliance.