If you are interested in making fixed $25 per hour and also having additional tips, becoming a Postmates driver may sound appealing to you. First of all, let’s understand what Postmates is and what exactly they are doing.
Postmates is a delivery company founded in San Francisco in 2011. Currently, Postmates operates in cities all across the United States, including Los Angeles, New York, Atlanta, Seattle, Dallas, etc. To view the full list of Postmates operations, you can look into their website.
The mission behind Postmates is to allow their customers to get anything on-demand within minutes instead of waiting for days or weeks. Many people confuse Postmates with food delivery service.
However, it is way more than that. The reason Postmates is available in most of the states is to get anything to the customers within minutes from different stores. You can download the application and have delivered anything from food stores to groceries or even the latest gadgets.
After a customer places the order, the Postmates driver receives the information regarding the order and then picks it up from the store delivering it to the customer and gets paid for it. The service is straightforward and very useful for everyone, so you can be sure there is always a high demand for this job.
This is a great system where businesses also benefit from offering their products in a convenient platform and delivery format. The drivers, in their turn, are able to make an hourly wage of $25 as well as additional tips.
Those who start working at Postmates absolutely love it and guarantee it is a great source of additional pocket money. So, if you are interested in this job, let’s take a closer look to understand what you need to register and qualify for it.
How to register and qualify for the job
There are three major requirements to be eligible for the Postmates driver job, which is as follows. First of all, you need to be 18 years of age and older. You must have a driver’s license, which is valid as of now, and access to an insured vehicle (can be a bicycle too). Last but not least, you should pass a background check performed by Postmates after you apply for the driver’s position.
If you are able to meet the criteria mentioned above, and you have a smartphone with an iOS or Android operating system to download the app, then you are ready to apply for this position.
Begin your signup process at Postmates webpage’s application link.
For the signup process, you need to enter your valid email address and password for your account. After you create your account, you will be asked to verify your identity.
For this, make sure you write your full name as it is in your documents because Postmates will use it for performing your background check. Another thing you will be asked includes uploading your photo (can be selfie too) so that Postmates merchants and customers will be able to identify you.
After your registration process is complete, the Company will send you Postmates non-activated prepaid card to use while you pick up customers’ orders from the stores.
You can activate the prepaid card via your Postmates account, where you also need to add your banking information to sign up for direct deposit.
After Postmates performs your criminal history and driver records background check, you will eventually be approved for the position.
There are various reviews from drivers, including both positive and negative ones. As already mentioned, the major part of drivers says that the greatest advantage while working at Postmates is the flexible schedule and weekly payments with instant cashouts. On the other hand, many claim that the payout for the work is very low, especially for the rate per mile, which only covers the gas expenses.
The most common thing which you can notice among reviews is that the majority of drivers work at Postmates for some pocket money but not for their primary source of income. In fact, even the ones who leave positive reviews for working at Postmates say that the work is good, but not for the ones who consider it as their primary source of income.
Many argue saying that the wage is too low, however, consider that these people are the ones who do not have other work than driving for Postmates.
All in all, considering all reviews and putting those in a nutshell, people value the culture and vision Postmates has and the value it provides to the customers.
If you consider working at Postmates for a part-time driver’s position, it can be a great source of pocket money. If you do not have work other than Postmates, the compensation may be very low, and you may not be satisfied as the money will only cover the gas expenses.
However, if you combine your job at Postmates with another part-time job, it may be a great source of extra money.
Reviews from indeed.com:
Overall, if you wish to earn from $14 to $25 hourly wage and have some extra money, you should definitely consider applying to the Postmates for a driver’s position. Not only is this a great way to earn money, but you will also have a flexible schedule and weekly payouts.
In order to be successful and make higher tips at Postmates, you should ensure customer satisfaction. Be punctual and nice towards them; understand that the most significant thing customers value about your service is fast and accurate delivery. Evaluate all of the advantages and disadvantages that Postmates will bring into your working life.
Consider that every minor detail starting from where you live and what type of vehicle you drive matter while thinking about this job.
Postmates creates a customer and driver-friendly platform and ensures a win-win situation for both parties. Eliminating the star rating system and updating it to a thumbs up or down buttons changed their corporate culture in the right direction.
Drivers are not stressed and make their deliveries much more effectively and accurately without stressing over the fact of how the customers will rate them.
After all, Postmates is all about the experience, and the team makes sure both customers and drivers are satisfied with the values and services provided.
All in all, Postmates is an excellent source of additional income which may be suitable for your daily routine.
If you think of applying for this position, make sure you qualify for it, that is, you are 18 years of age or above, have valid driver’s license for an insured vehicle (can be a scooter or bike too), and be ready for a background check performed by Postmates themselves.
Israel Wants To Classify Bitcoin as a Currency to Amend the High Capital Gains Taxation
Israel is considering making Bitcoin a currency, according to a new bill that was tabled by four members of the Nationalist party Yisrael Beiteinu, which aims to regulate better the taxations of digital currencies in the country.
The four members, led by Oded Forer consider a 25% capital gains tax on Bitcoin to be outdated. They are looking to amend the current Income Tax Ordinance with a more adaptable version which reflects better the reality of digital assets and transactions.
The proposal referred to as a private member’s bill will add a new section to the Income Tax Ordinance in which digital currency is considered as an asset. This makes trading or converting any digital assets into fiat subject to capital gains. In the bill, the four members stated:
“The regulatory reality in Israel is not adapted to the existing reality in the field.”
New Bill: Qualities of a Real Digital Currency
The new bill stipulates that for a distributed digital currency to be considered a currency, it must have four characteristics. Any digital currency like Bitcoin which meets the set criteria will be considered a currency for both trading and taxation purposes.
First, it should be operated by a distributed network of nodes and not a centralized entity like state or financial institutions. The network should be in consensus as to the rules that govern development and transactions.
Secondly, the initial issuance of a currency unit need not have been intended as payment between either party and with a market cap of not less than 1 billion NIS ($287.4 million).
The last quality requires a digital currency to have a general utility purpose and not designated for certain uses or entities. The market cap requirement excludes the rest of crypto assets in the market, leaving only Bitcoin to be certified as a currency in Israel.
Amendment to Benefit Global Technology Development in Israel
Apart from reducing taxation on Bitcoin, the new bill also intends to boost innovation around blockchain technology in Israel, which already considers itself as a global high tech power.
The members believe that Israel has the capacity to be among the leading countries in digital currency innovation, which will play a central role in the future of world economic dominance.
“It is precisely in this period when the economic future is not clear that it is possible to promote digital payment options due to the social distance that has been forced on us.”
The Income Tax Ordinance was implemented in February 2018 declaring Bitcoin and other crypto assets to be taxed as capital assets. In May 2019, the Israeli District Court issued its first Bitcoin transactions ruling when it denied an appeal by a taxpayer to be exempted from paying 3 million NIS in taxes, from the profit he made selling Bitcoin in 2013.
The 18.5 Millionth Bitcoin Has Now Been Mined
Bitcoin miners have created over 88% of the total BTC supply—but it will still take over a century to produce all 21 million.
- Bitcoin miners have already created more than 18.5 million BTC.
- This is over 88% of Bitcoin’s total supply of 21 million.
- Still, it will take another 120 years to find every last Bitcoin due to regular halvings.
The total number of mined Bitcoin (BTC) in circulation has reached over 18.5 million—out of a maximum of 21 million—over the past weekend, according to block explorer Blockchain.com.
As a result, there is now less than 2.5 million BTC left for miners left to discover. However, while it might look like Bitcoin’s emission is closing on the finish line—just over 88% of all BTC are already mined, after all—the emission of the last Bitcoin is currently expected no earlier than the year 2140.
This is because, as time goes on, the rewards that miners receive for discovering a new Bitcoin block get smaller—slashed by half every 210,000 blocks (or roughly every four years)—due to a hardcoded process called the “halving.”
The last Bitcoin halving occurred on May 12 and reduced block rewards from 12.5 to 6.25 BTC per block. This will continue to happen every four years until the very last satoshi—Bitcoin’s smallest unit— is discovered.
Why only 21 million?
As Decrypt reported, it is not entirely clear why Bitcoin’s maximum emission was limited specifically to 21 million coins by the crypto’s creator Satoshi Nakamoto. However, there are some theories.
One explanation for the limit is the money supply replacement theory. An alternative suggestion is that the limit could be mathematically extrapolated from Bitcoin’s operating parameters.
In the first instance, the entire world’s money supply stood at approximately $21 trillion when Bitcoin was created. If it would become the world’s ultimate currency and replace all fiat, then each BTC would be worth $1 million while each satoshi would amount to $0.01. At the same time, while those two figures remarkably resemble each other, we can only guess whether it was a coincidence.
The second theory is a bit simpler. According to it, Bitcoin’s emission limit is mathematically tied to its halving cycles—since we roughly know when all the halvings are going to happen and can extrapolate it forward. As it stands, the sum of the block rewards for each cycle equals 100 (50 + 25 + 6.25 +3.125, etc). By multiplying this number by the 210,000 blocks/cycle figure, we get the maximum possible supply of 21 million.
And what will happen after all 21 million BTC are mined? Not much, really. The blockchain will continue to operate just as today—with the exception of miners’ rewards. Since no new coins would be discovered, miners will have to rely on transaction fees as the main source of income.
Luckily they have well over a century to prepare.
DMScript Announces Partnership with OVH for Their Optimized Servers
The United Kingdom-based blockchain gaming company DMScript announced on Sunday that it has partnered with renowned cloud computing solutions provider OVHcloud, to utilize their optimized servers. In the official blog on Medium, the company said they would use OVHcloud services for Higglo, a new gaming platform expected to launch soon.
— DMScript (@DMScript) September 27, 2020
As part of the strategic partnership, OVH will also provide cloud computing and server maintenance for DMPlay in sync with nVidia’s technology to provide a seamless and efficient user experience. On the other hand, Higglo will use OVH services to avoid lags, crash downs, and overload delays due to high traffic. DMScript has been inactive in the community for a long time, which it admitted in the official announcement, and said that the team was busy building the Higglo platform that is due for launch soon along with DMPlay.
Blockchain-based gaming is one of the fastest-growing segments in the crypto-blockchain industry, along with DeFi and gambling. The growing demand leads to higher & faster computing, quick processing cloud data, and 24/7 maintenance.
Partnering with established names like OVH and nVIDIA gives DMScript a great technological advantage and will allow the company to focus on its core strength, and that’s building blockchain-based online games. Such partnerships, like the one with OVH, will help DMScript to employ more capital. Intellectual resources are building unique and wholesome experiences for the gamers, while OVH takes the responsibility to ensure the smooth functioning of the servers.
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