Unocoin Teams Up with Purse.io to Turn Mechanical Turk into Rupees
India-based bitcoin exchange Unocoin has partnered with Purse.io to complete the cycle from Mechanical Turk to Indian rupees.
India-based bitcoin exchange Unocoin has partnered with Purse.io to complete the cycle from Mechanical Turk to Indian rupees.
Purse.io, launched last year, is a Bitcoin startup that enables the exchange of Amazon gift card credit and bitcoins at advantageous prices. It claims to help you save 20% on Amazon items by purchasing with bitcoin.
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
Suggested articles
FP Markets Expands Its CFD Trading Offering in Commodities, Metals & IndicesGo to article >>
Mechanical Turk is an initiative by Amazon, launched initially for internal purposes in 2005, to use human intelligence (i.e. manual work) for tasks that cannot be performed by computers. It has since expanded into a global crowdsourcing marketplace, connecting “requestors” with workers (a.k.a. providers, or Turkers) to fulfill such tasks.
Most Turkers are based outside the U.S., making for an awkward choice of payment options: either a USD check in the mail, or an instant Amazon gift card balance. Purse.io can convert this balance into bitcoin, and Unocoin, based in India where many of the workers are located, would have these converted to Indian rupees.
The exchange with Purse.io takes roughly two days.
a) Indian workers can now get bank transfers:http://turkernation.com/showthread.php?23814-Bank-Transfer-is-now-enabled-for-Indian-turkers b) Also, most workers are NOT based outside the US. Lakkaraju 2015 (A Preliminary Study of Daily Sample Composition on Amazon Mechanical Turk) had 84% American workers do their HITs, while Todman 2015 (Induced Boredom Constrains Mindfulness) had 43% American workers, but both studies demonstrated that mTurk is predominantly American workers. This is due to the fact that mTurk does not allow new users outside the US to sign up, so international users are a dying breed. There remains a tiny percentage of workers outside the US and India for whom such… Read more »
Thanks for the comments. A 2010 survey indicated that most Turkers are from outside the US. Please provide a link to the study mentioned in (b).
The Mechanical Turk page also appears to allow signups from many countries.
a) Indian workers can now get bank transfers:http://turkernation.com/showthread.php?23814-Bank-Transfer-is-now-enabled-for-Indian-turkers b) Also, most workers are NOT based outside the US. Lakkaraju 2015 (A Preliminary Study of Daily Sample Composition on Amazon Mechanical Turk) had 84% American workers do their HITs, while Todman 2015 (Induced Boredom Constrains Mindfulness) had 43% American workers, but both studies demonstrated that mTurk is predominantly American workers. This is due to the fact that mTurk does not allow new users outside the US to sign up, so international users are a dying breed. There remains a tiny percentage of workers outside the US and India for whom such… Read more »
Thanks for the comments. A 2010 survey indicated that most Turkers are from outside the US. Please provide a link to the study mentioned in (b).
The Mechanical Turk page also appears to allow signups from many countries.