The low transaction costs of Bitcoin SV (BSV) are paying dividends for a startup called FiveBucks. It’s a digital marketplace that connects service providers round the world with customers. The starting price for a job is just $5 US, paid in BSV.
The entrepreneur behind it is Getar Hoti, who started the business last year and has already attracted almost 500 people offering their services - everything from “I will create a powerful logo for your business” to “I will record a professional British voiceover” and “I will talk to you in Italian on Skype for 15 minutes”.
Thanks to the use of BSV, no money goes to payment processors. FiveBucks only charges 10% for connecting the freelancers with customers, not the 20% that “most freelance platforms charge,” according to Getar, “and long term, with what’s happening on BSV, we plan to decrease this more and more”.
Since the arrival of BSV after the hard fork from Bitcoin Cash last year, “we have been doing great, because in BSV you have this stable ecosystem, stable protocol, a strong market.”