Bridging the Payment Gap: The impact of USDC on African Freelancers in the Global Marketplace

In today's digital age, the gig economy has emerged as a transformative force in the global labor market. Freelancing, defined as the act of performing specific work for clients without committing to full-time employment, is majorly done online and has become an increasingly popular option for workers across the world.

The African Freelance Landscape

According to World Bank estimates, there are approximately 17.5 million online gig workers in Nigeria, Kenya, and South Africa. The broader African gig economy is valued at $28 billion, encompassing 120 million self-employed individuals with an annual growth of 17%. This growth mirrors the global trend, with the worldwide freelance platforms market expanding from $2.35 billion in 2018 to $3.39 billion in 2020. ➡️

Bridging the Payment Gap: The impact of USDC on African Freelancers in the Global Marketplace

In today's digital age, the gig economy has emerged as a transformative force in the global labor market. Freelancing, defined as the act of performing specific work for clients without committing to full-time employment, is majorly done online and has become an increasingly popular option for workers across the world.

The African Freelance Landscape

According to World Bank estimates, there are approximately 17.5 million online gig workers in Nigeria, Kenya, and South Africa. The broader African gig economy is valued at $28 billion, encompassing 120 million self-employed individuals with an annual growth of 17%. This growth mirrors the global trend, with the worldwide freelance platforms market expanding from $2.35 billion in 2018 to $3.39 billion in 2020. ➡️  https://x.com/XinoZee01/status/1820132982516015509?t=HIXa9tvBkVjmgzQZJjS6Kg&s=19