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HomeEQIFi Integrates Its $EQX Token With HYVE, Betting On Freelancers As Tech Tumbles

EQIFi Integrates Its $EQX Token With HYVE, Betting On Freelancers As Tech Tumbles

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EQIFi, a leading regulated global DeFi services platform backed by EQIBank, partners with HYVE, a blockchain-based platform for freelancing services. Through the partnership, EQIFi integrates its native $EQX token into HYVE’s ecosystem, expanding the selection of cryptocurrencies with which freelancers can do business on the platform. EQIFi also integrates HYVE’s native $HYVE token as an option for P2P transfers on its own mobile app.

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Companies ranging from early-stage startups to the likes of Meta and Netflix have announced hiring freezes or layoffs in recent weeks as tech feels the burn of the economic downturn. Among the many challenges this creates, hiring managers now have to find ways to support shrinking teams without hiring for in-house roles. In many cases, freelancers offer a solution for part-time support.

Through its integration with HYVE, EQIFi empowers freelancers on the platform to earn in $EQX and other cryptocurrencies at low fees, ensuring they are adequately compensated for their work. Freelancers can use the platform to find work without owning crypto. On the employer front, companies can choose to pay freelancers in crypto without having to exchange them, ensuring no value is lost in the process.

EQIFi makes DeFi as accessible as regular online banking, offering users a convenient platform incorporating the largest array of financial services in the DeFi ecosystem. Backed by a licensed bank, the platform grants its clients the certainty and security that comes with the highest level of regulatory compliance. Its relationship with EQIBank also positions it as the efficient gateway between DeFi and traditional finance, enabling its clients to swiftly move their assets between crypto and a variety of fiat currencies.

“It’s simply fantastic to be able to offer multiple use cases in this integration that push the boundaries of decentralization,” says Brad Yasar, CEO of EQIFi. “Supporting a platform that cuts out the middleman to empower freelancers and companies alike during a time of economic uncertainty with our token is exactly what EQIFi stands for, and will continue to stand for.”

“The accelerated shift towards online work has allowed firms to recognize the benefits of hiring freelance professionals,” says Tudor Stomff, CEO of HYVE. “Apart from being more cost-effective when planning a project, it also gives access to a wider pool of talent from which companies can select. On top of that, by working with freelancers, professionals are not bound by factors such as geography, allowing a higher degree of flexibility. EQIFi joins us in our missions to take this to the next level, by adding $EQX as a payment method on the platform to empower freelancers.”

About EQIFi:  

EQIFi is a leading regulated global DeFi services platform backed by EQIBank, a global licensed digital bank. EQIFi offers its users a wide array of financial services, including a DeFi yield aggregator leveraging third-party yield protocols for maximum returns as well as loans and deposits. The platform bridges the gap between decentralized and traditional finance and makes using crypto as convenient and easy as traditional online banking.

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For more information, visit https://www.EQIFi.com/ 

About HYVE:

HYVE has created a community-driven ecosystem, facilitating collaboration between users in a uniquely decentralized environment. While traditional freelancing websites have been slow in adapting to change, HYVE has introduced payments directly in cryptocurrencies, providing numerous advantages and facilitating interaction regardless of external factors.

For more information, visit https://hyve.works/ 

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