Today In Data

Skipping The Hype, Finding The Opportunity

The gig economy started out as a way for workers to make a little bit of extra money on the side, but it’s become a dominating force in the labor market as some 40 percent of workers are working gigs — and some 40 percent of those workers’ average income comes from them. If payments can find a way to pick up the pace (and get funds into workers’ hands faster), the gig work might become more a main event than a sideline. Gig work is not alone in evolving far from where the hype started. The blockchain used to be all about bitcoin but, these days, only a rare few think it is the future of money or commerce. Identity though — that’s a whole different story.

 

24,000: The number of transactions Visa can process in one second.

84 percent: The share of gig economy workers who would work more if they were paid faster.

59.1 percent: The share of gig economy workers who find jobs care of an online marketplace.

7: The number of transactions bitcoin can process in one second.

1: The number of “blockchain babies” expected to exist at the end of this week.

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Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out our April 2019 Unattended Retail Report. 

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