In the dynamic world of global freelancing, goLance, a leading platform, is leveraging cutting-edge technology to address the unique challenges faced by freelance workers. One such technology is XRP Ledger (XRPL), which is enabling goLance to facilitate faster and more cost-effective payments to freelancers worldwide.
Addressing Freelancer Payment Challenges
goLance CEO Michael Brooks recently shared insights into how the company is utilizing XRP to transform the landscape of freelance payments.
In an exclusive interview with Ripple, Brooks emphasized goLance’s commitment to developing global technologies that streamline freelancer payments. He highlighted the crucial importance of speed and cost-effectiveness in the realm of freelance payments.
Read Also: Uphold Opens the Door of XRP Payments for Ripple in the United States. Here’s how
Strategic Collaboration with RippleNet
Brooks delved into goLance’s strategic partnership with RippleNet, which has played a pivotal role in addressing the pain points associated with freelancer payments. The platform has focused on underserved corridors where payment challenges are most acute.
By leveraging RippleNet, goLance has been able to penetrate markets with significant growth potential but plagued by payment difficulties. One of the key pain points addressed by goLance through RippleNet is the delay in payment processing.
Brooks provided a compelling example to illustrate the impact of this partnership. He cited the case of a freelancer earning $50 a week in the Philippines, emphasizing that such individuals cannot afford to wait three days to receive their hard-earned payments.
Leveraging XRP for Efficiency and Affordability
Through its collaboration with RippleNet and the utilization of the XRP Ledger (XRPL), goLance has successfully eliminated transaction fees and circumvented traditional banking delays.
Brooks explained that payments sent through RippleNet can be swiftly converted from fiat to XRP and back to fiat in the recipient’s currency within seconds. This efficiency is particularly advantageous during weekends when banks are closed, ensuring that freelancers can access their earnings promptly for essential needs.
By leveraging XRP, goLance has not only reduced transaction fees but also enhanced the overall speed and efficiency of cross-border payments, providing freelancers with a more seamless and cost-effective payment experience.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: XRP Wins New Integration to Become Go-To Payment Option for Gamers
Empowering Freelancers with XRP
goLance’s utilization of XRP to pay freelancers represents a significant step forward in addressing the challenges associated with payments in the freelance industry. By eliminating transaction fees and bypassing banking delays, XRP is empowering freelancers to receive their earnings faster and more efficiently.
This development is particularly beneficial for freelancers in underserved corridors, where traditional payment systems often suffer from sluggishness and high costs.
Furthermore, goLance’s success in leveraging XRP showcases the potential of cryptocurrencies to revolutionize payment systems and reshape the way freelancers are compensated. As more businesses embrace XRP and other cryptocurrencies, we can anticipate further innovative and efficient use cases emerging in the freelance landscape.
Follow us on Twitter, Facebook, Telegram, and Google News
