Shiba Inu’s (SHIB) use cases and adoption are rising as Australian Company LaborX All Set o Accept Shiba Inu (SHIB) as a Form of Payment Method from the Next Week.
LaborX, a jobs marketplace hosted on the Ethereum network, recently declared via tweet that they have decided to add Shiba Inu as a payment method on their platform and are currently working on this.
The implementation is said to be completed in the coming week. Once all technical requirements are done and SHIB becomes part of the LaborX, freelancers will earn SHIB by completing tasks.
Fluffy news!? We are working on adding $SHIB as a payment method on our https://t.co/mSpz31Dg4F blockchain jobs platform. From next week on, our more than 48k registered freelancers will be able to earn $SHIB by completing tasks. We are happy to join @Shibtoken! pic.twitter.com/OdzoyG4W1E
— LaborX.com (@LaborXNews) February 17, 2022
LaborX is an on-demand work platform built by Australian blockchain company Chrono. Tech, and is hosted on the Ethereum network.
The platform is specifically designed for crypto enthusiasts. The platform helps crypto enthusiast freelancers to connect with work opportunities and enables them to get paid in cryptocurrency. Smart contracts support Reputation and Dispute resolution systems, ensuring both parties’ obligations are enforced. The platform now has more than 48K registered freelancers.
Anyone can register, view opportunities, and get things done on the LaborX website. The platform uses Ethereum smart contracts to process digital work contracts, negotiate payments before work begins, and pay freelancers automatically when work is completed.
Payments are made in cryptocurrency, so users don’t worry about banks or payment processing fees. LaborX is integrated with TimeX, a cryptocurrency exchange, to start a simple currency conversion. LaborX also integrates with PaymentX, which provides cryptocurrency invoicing and payroll solutions for the website.
LaborX payments currently support two leading blockchains: Ethereum and BNB Chain. Freelancers and clients can negotiate payment for work with cryptocurrencies in ETH, WBTC, TIME, USDC, USDT, DAI, and AUDT on Ethereum; and stable coins BNB, BTCB, TIME and BUSD, USDT, USDC, and DAI on the BNB chain.
Besides LaborX, Shiba Inu is now accepted as a form of payment method by some other major companies like IZEA, Travala.com, Newegg Commerce Inc., etc.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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