Premise has increasingly seen contributors choosing to receive payment in Bitcoin for completing tasks. Since 2016, Premise has facilitated payments via Coinbase, disbursing over $1 million in Bitcoin** to contributors across **110+ countries**, including the U.S., since the first payout in August 2017. Back then, Bitcoin was valued at **$4,088 per coin; today, it exceeds $65,000.
Notably, 12% of payments via the Premise app in the last 30 days were made in Bitcoin through Coinbase. This trend reflects contributors’ growing recognition of Bitcoin’s value as a preferred payment method over local fiat currencies.
How It Works
Premise collaborates with companies across sectors like retail, CPG, tourism, and QSR to crowdsource tasks:
Contributors earn income for successfully completing micro-tasks, such as:
- Photographing retail store shelves.
- Identifying local landmarks.
- Completing surveys.
Payment options include:
- Bitcoin (via Coinbase).
- Local currency (via PayPal/mobile payment platforms).
- Funds cashed out to Coinbase can be exchanged for altcoins (e.g., Ethereum, Dogecoin).
Why Premise Embraces Bitcoin
Premise integrated Coinbase in 2016 to:
- Streamline Global Payments: Bitcoin’s universality enables faster, simpler compensation for contributors worldwide.
- Tap into Crypto Adoption: Rising demand for alternatives to traditional currencies aligns with Bitcoin’s growth.
- Promote Financial Inclusion: With 31% of adults globally unbanked, Bitcoin eliminates banking barriers, expanding Premise’s contributor network.
👉 Discover how Bitcoin empowers global earnings
What’s Next?
Premise continues innovating to:
- Diversify compensation methods.
- Broaden client reach through accessible task markets.
- Fuel future growth in Bitcoin-based earnings.
FAQ
Q: How do contributors withdraw Bitcoin earnings?
A: Via Coinbase—earnings can be held as Bitcoin or swapped for other cryptocurrencies.
Q: What types of tasks are available?
A: From photo audits to surveys, tasks vary by industry and client needs.
Q: Why choose Bitcoin over local currency?
A: Potential appreciation and avoidance of banking restrictions appeal to many.
Q: Is Premise expanding Bitcoin payouts further?
A: Yes, as crypto adoption grows, so will Premise’s Bitcoin payment options.