The gig economy seems to be here to stay. In the U.S. alone, there are more than 70.4 million freelancers, and that number has been growing for the past few years. By 2028, it is projected that there will be upwards of 90 million gig workers who will constitute close to 50% of the domestic population. Internationally, as well, the gig economy is also growing. One of the major draws of freelance work is the flexibility and freedom it enables and promotes. The rise of freelance and project or gig-based work has allowed individuals to tailor their schedules and income to their lifestyles and preferences.
The increase in this type of work is driving evolution in various areas, including how employers are paying their contractors. At the core of the gig economy, workers value freedom, flexibility and more intentional use of their earnings. A survey revealed that 46% of gig workers take on gig work to increase their income, but it goes beyond mere financial gain. They strive to be intentional with their money. As a result, many companies both gig and non-gig are being compelled to change their traditional payroll processes. When searching for gig work, 51% of gig workers prioritize compensation and payment-related factors, such as the frequency of pay, payment methods and payment security. This emphasis on the way they are paid highlights the increasing importance of adaptable payment solutions in the evolving gig economy.
Before the gig economy took off, the original gig was what is today known as the direct selling industry; this is where PayQuickers origin story began. Today, they have become a global financial technology company that caters to businesses of all sizes across various industries. With its award-winning solutions, PayQuicker caters to over 300 clients, enabling businesses of any size to provide immediate global payouts in local currencies through secure bank accounts, prepaid debit cards, virtual cards and mobile wallets.
Companies can utilize the Payouts OS platform to streamline payouts to over 200 countries and territories, supporting more than 100 currencies which is especially useful to freelancers who may work with international companies. PayQuicker facilitates millions of payments and billions of dollars annually, consistently empowering companies to foster growth by equipping them with superior payment options and enhancing the purchasing power of their gig workforce.
Recently, PayQuicker unveiled its Deals and Offers program for all U.S. account holders, introducing a range of new partners. This initiative allows PayQuicker's account holders to access exclusive deals on retail, travel, dining and more. Moreover, the Deals and Offers portal also provides access to health insurance and financial wellness services, which is particularly beneficial for independent workers who are underbanked or unbanked and traditionally lack such opportunities.
Speaking on being selected as a finalist in their category in the Benzinga Fintech Awards 2023, Paul Beldham, CEO of PayQuicker, shared, It is an honor to be recognized as a finalist in the category of Best Payments Solution. Were constantly striving to bring the best payout experiences to our clients and their global workforces, which serves as an advantage at a time when attracting and retaining gig workers is becoming increasingly competitive. The way in which people work is changing, and so too is the way they expect to be paid. This recognition is a testament to our continued commitment to understanding payees needs and innovating best-in-class payment solutions.
As the gig economy continues to grow and evolve, financial institutions will need to cater to the unique needs of these workers. Companies like PayQuicker will be instrumental in facilitating the continued success of the gig economy.
Featured photo by Viktor Avdeev on Unsplash.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
YouTuber-turned-boxer Jake Paul has defeated one of the greatest-ever fighters, former heavyweight world champion Mike Tyson, who’s more than twice his age.
The bout was won on a unanimous points decision at the AT&T Stadium in Arlington, Texas – home of the Dallas Cowboys and the biggest NFL stadium in the US.
The fight was already controversial but then arguably failed to live up to the hype. Boos were heard from the crowd in the final two rounds, after a perceived lack of action.
Boxing careers compared
This was not Paul’s first professional fight. The 27-year-old American YouTube star made his debut in 2020 with his most high-profile clash against Tyson Fury’s brother Tommy Fury last year, which he lost by a split decision.
The so-called “Problem Child” has since defeated former UFC contender Nate Diaz, professional boxer Andre August, former Gold Gloves champion Ryan Bourland and most recently MMA fighter Mike Perry.
In contrast, “Iron Mike” Tyson, 58, was ranked among the best heavyweight boxers of all time.
More on Jake Paul
Related Topics:
During his career, he knocked out 44 opponents – retiring from professional boxing in 2005 after defeat against Kevin McBride.
He returned to the ring in 2020 for a bout against fellow boxing icon Roy Jones, which ended in an unofficial draw.
Advertisement
‘Someone’s getting put to sleep’
Earlier this week, Paul said he believed the bout would not go the distance. “No, someone’s getting put to sleep,” he said. “It’s going to be a war, and we’re both heavy hitters. It’s not going the full 16 minutes.”
Tyson was more reflective: “I’ve been through so many ups and downs since my last fight with Kevin McBride,” he said.
“I’ve been in rehab. I’ve been in prison, been locked up. Never in a million years did I believe I’d be doing this.”
Several states would not allow the bout to go ahead, and the Texas Athletic Commission only agreed to the fight if there were changes, due to Tyson’s age.
It limited the contest to eight rounds lasting a maximum of two minutes instead of three. Both boxers were also required to wear heavier gloves, designed to lessen the force of punches.
The fight was initially scheduled for 20 July, but was postponed when Tyson suffered an ulcer flareup.
Taylor defends title
Meanwhile, among the undercard fights, Irish boxer Katie Taylor successfully defended her super lightweight world title against Puerto Rico’s Amanda Serrano.
But it was tight. Taylor claimed the rematch 95-94 for all three judges in an epic battle.
The bout came two and a half years after the pair fought at Madison Square Garden, which Taylor won on a split decision.
Bout suffered from buffering
Earlier in the evening thousands of Netflix users in the US reported problems seeing the coverage, with some posting on social media about buffering.
At one point, more than 98,000 people had reported issues according to Downdetector, which tracks outages.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive Breaking News alerts on a smartphone or tablet via theSky News App. You can also follow@SkyNews on X or subscribe to ourYouTube channel to keep up with the latest news.
YouTuber-turned-boxer Jake Paul has defeated one of the greatest-ever fighters, former heavyweight world champion Mike Tyson, who’s more than twice his age.
The bout was won on a unanimous points decision at the AT&T Stadium in Arlington, Texas – home of the Dallas Cowboys and the biggest NFL stadium in the US.
The fight was already controversial but then arguably failed to live up to the hype. Boos were heard from the crowd in the final two rounds, after a perceived lack of action.
Boxing careers compared
This was not Paul’s first professional fight. The 27-year-old American YouTube star made his debut in 2020 with his most high-profile clash against Tyson Fury’s brother Tommy Fury last year, which he lost by a split decision.
The so-called “Problem Child” has since defeated former UFC contender Nate Diaz, professional boxer Andre August, former Gold Gloves champion Ryan Bourland and most recently MMA fighter Mike Perry.
In contrast, “Iron Mike” Tyson, 58, was ranked among the best heavyweight boxers of all time.
More on Jake Paul
Related Topics:
During his career, he knocked out 44 opponents – retiring from professional boxing in 2005 after defeat against Kevin McBride.
He returned to the ring in 2020 for a bout against fellow boxing icon Roy Jones, which ended in an unofficial draw.
Advertisement
‘Someone’s getting put to sleep’
Earlier this week, Paul said he believed the bout would not go the distance. “No, someone’s getting put to sleep,” he said. “It’s going to be a war, and we’re both heavy hitters. It’s not going the full 16 minutes.”
Tyson was more reflective: “I’ve been through so many ups and downs since my last fight with Kevin McBride,” he said.
“I’ve been in rehab. I’ve been in prison, been locked up. Never in a million years did I believe I’d be doing this.”
Several states would not allow the bout to go ahead, and the Texas Athletic Commission only agreed to the fight if there were changes, due to Tyson’s age.
It limited the contest to eight rounds lasting a maximum of two minutes instead of three. Both boxers were also required to wear heavier gloves, designed to lessen the force of punches.
The fight was initially scheduled for 20 July, but was postponed when Tyson suffered an ulcer flareup.
Taylor defends title
Meanwhile, among the undercard fights, Irish boxer Katie Taylor successfully defended her super lightweight world title against Puerto Rico’s Amanda Serrano.
But it was tight. Taylor claimed the rematch 95-94 for all three judges in an epic battle.
The bout came two and a half years after the pair fought at Madison Square Garden, which Taylor won on a split decision.
Bout suffered from buffering
Earlier in the evening thousands of Netflix users in the US reported problems seeing the coverage, with some posting on social media about buffering.
At one point, more than 98,000 people had reported issues according to Downdetector, which tracks outages.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive Breaking News alerts on a smartphone or tablet via theSky News App. You can also follow@SkyNews on X or subscribe to ourYouTube channel to keep up with the latest news.
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) “would simply result in a massive loss of credibility for OpenAI.”