EQIFi integrates its $EQX token with HYVE, betting on freelancers as tech crashes

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EQIFia leading global regulated DeFi services platform backed by EQIBank, partners with HYVE, a blockchain-based platform for freelance services. Through this partnership, EQIFi integrates its native $EQX token into the HYVE ecosystem, expanding the selection of cryptocurrencies that freelancers can do business with on the platform. EQIFi also integrates HYVE’s native $HYVE token as an option for P2P transfers on its own mobile app.

Companies ranging from early-stage startups to companies like Meta and Netflix have announced freeze on hiring or layoffs in recent weeks as tech feels the scorch of the economic downturn. Among the many challenges this creates, hiring managers must now find ways to support shrinking teams without hiring for internal positions. In many cases, freelancers offer a part-time support solution.

Through its integration with HYVE, EQIFi allows platform freelancers to earn $EQX and other cryptocurrencies at low fees, ensuring they are properly compensated for their work. Freelancers can use the platform to find work without owning crypto. On the employers’ side, companies can choose to pay freelancers in crypto without having to exchange them, ensuring that no value is lost in the process.

EQIFi makes DeFi as accessible as regular online banking, giving users a convenient platform integrating the widest range of financial services in the DeFi ecosystem. Backed by a licensed bank, the platform offers its customers the certainty and security that comes with the highest level of regulatory compliance. Its relationship with EQIBank also positions it as an effective gateway between DeFi and traditional finance, allowing its clients to quickly move their assets between crypto and a variety of fiat currencies.

“It’s just fantastic to be able to provide multiple use cases in this integration that push the boundaries of decentralization,” said Brad Yasar, CEO of EQIFi. “Supporting a platform that cuts out the middleman to empower freelancers and businesses during a time of economic uncertainty with our token is exactly what EQIFi stands for and will continue to do.”

“The accelerated shift to online working has allowed companies to recognize the benefits of hiring freelance professionals,” says Tudor Stomff, CEO of HYVE. “In addition to being more cost-effective when planning a project, it also gives access to a wider pool of talent from which companies can choose. Additionally, by working with freelancers, professionals are not bound by factors such as geography, allowing for greater flexibility. EQIFi joins us in our missions to take this to the next level, adding $EQX as a payment method on the platform to empower freelancers.

About EQIFi:

EQIFi is a leading global regulated DeFi services platform backed by EQI Bank, a licensed global digital bank. EQIFi offers its users a wide range of financial services, including a DeFi yield aggregator leveraging third-party yield protocols for maximum yields as well as loans and deposits. The platform bridges the gap between decentralized and traditional finance and makes using crypto as convenient and easy as traditional online banking.

For more information, visit https://www.EQIFi.com/

About HYVE:

HYVE has created a community ecosystem, facilitating collaboration between users in a single decentralized environment. While traditional freelance websites have been slow to adapt to the change, HYVE has introduced payments directly in cryptocurrencies, providing many benefits and making it easier to interact regardless of external factors.

For more information, visit https://hyve.works/

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