Business

Pros and Cons of Becoming a Freelance Copywriter in 2020

Published

6 years ago

December 22, 2019

Have you ever noticed how many of your friends started working from home? Just stop for a minute and think about how much you are missing if you have to spend 8 hours in the office. Imagine how different your life would be if you could manage your time and decide when you will work on your own. Nowadays, it is possible.

The world has moved online, and so should you. The Internet, with all its opportunities, provides you with the freedom that you surely miss in the office. You can finally have time to be with your family or read an interesting book while working in a convenient regime and making good money.

Copywriting and academic writing are the number one choices of freelance occupations among youth today. Cooperating with a custom dissertation writing service or a freelance platform attracts people because they can choose their working hours and even the topics they would want to work on.

If you still think that there are some constraints for becoming a freelance copywriter in 2020, let’s discuss the pros and cons of this idea in greater depth.

Advantages

The best idea is to start coucopynting benefits associated with freelance copywriting at websites like EssayService.com or other similar platforms. Here is why.

Freedom and Time

As a freelance copywriter, you are not bound by any office hours. You can work whenever you feel like doing so.

Moreover, freelance employment provides you with an opportunity to choose what you want to work on. This diversity and the absence of constraints expands your freedom.

There is no boss who can make you work late hours or whose ideas you should follow. In this field, you are your own boss who makes all the choices.

Geographical Diversity

Have you ever dreamt of working on the fly? It is possible if you are a freelancer.

You can pick any place in the world and complete your writing assignments from there. The only things you should have are a computer and a proper Internet connection.

And the only thing you should care about is the time difference with your clients.

Industry Growth

With e-commerce growing so fast, more and more niches appear for freelance copywriters. You can complete several online courses and become a technical writer, marketing writer, content writer, or academic writer.

Whatever direction you choose, you will most likely face a fierce competition but also lots of opportunities to succeed. Writers are needed everywhere, and the global penetration of social media only fuels this demand.

Your Own Pricing

Treat your passion for freelance copywriting as a small business venture. It allows you to rate your work the way you think it costs. You can evaluate your skills, compare them to the ones that your competitors have, and set the price that you find reasonable.

Freelance copywriting is sensitive to your rate like no other business. Thus, be reasonable when pricing your texts.

Disadvantages

However, to be fair, some cons that may hinder your success as a freelance copywriter should be mentioned.

Getting Started

The freelance industry is developing and growing at a high pace. Thus, getting started with a freelance career is always a challenge. You need to find clients or even work for free to get a positive review.

Many people give up when they see how hard it is to finally shine your star on the copywriting horizon. However, no matter how difficult it feels, the effort will definitely pay off later.

Work-Life Balance

When you only start your freelance career, you will be definitely troubled with finding the right work-life balance. There will be no office, so your time for rest will be sometimes interrupted with work issues.

At times, you will have to make revisions at an inconvenient time. You will always have to carry your computer with you to manage issues timely and accurately.

Also, you will need to track your emails and respond to every notification because failure to do that may cost you a client.

Consistency

It is also possible that your work will not be consistent. Sometimes, you can get several projects at a time that will require you to work extra hours.

However, there will be times when you will not have clients or assignments at all. You will have to learn how to handle such a tough schedule. Eventually, as soon as you have enough clients, such situations will not happen that often.

Final Words

A freelance copywriter career may seem easy, but it is not. It requires discipline, communication skills, and a great desire to learn and develop.

Thus, if you are sure that writing is your ultimate dream, you should give it a shot. Do not be afraid of getting started procedure: every career is difficult at first.

Business

Inside the $4.3B Quarter: What’s Fueling Black Banx’s Record Revenues

Published

24 hours ago

January 16, 2026

Matthew Wiles

Every quarter brings fresh headlines in fintech, but few make the kind of impact achieved by Black Banx in Q2 2025. The Toronto-based global digital banking group, founded by Michael Gastauer, reported an extraordinary USD 4.3 billion in revenue and a record USD 1.6 billion in pre-tax profit, while improving its cost-to-income ratio to 63%.

These results not only highlight the company’s operational efficiency but also mark a pivotal moment in its journey from challenger to global leader. The big question is: what’s fueling such impressive financial performance?

Customer Growth as the Core Driver

One of the clearest engines of revenue growth is Black Banx’s expanding customer base. By Q2 2025, the platform had reached 84 million clients worldwide, up from 69 million at the end of 2024. This 15 million net gain in six months demonstrates both the attractiveness of its services and the scalability of its model.

Unlike traditional banks, which rely heavily on branch expansion, Black Banx leverages digital-first onboarding that allows customers to open accounts within minutes using just a smartphone. This approach is especially effective in regions underserved by legacy institutions, where access to affordable financial tools is in high demand.

More customers don’t just mean higher transaction volumes—they generate a compounding effect where network size, brand trust, and service adoption reinforce one another.

Real-Time Payments and Cross-Border Solutions

A major contributor to Q2 revenues is the platform’s real-time payments infrastructure. Black Banx enables instant cross-border transfers across its 28 supported fiat currencies and multiple cryptocurrencies, helping both individuals and businesses bypass the traditional bottlenecks of international banking.

For freelancers, SMEs, and multinational clients, this means faster liquidity, reduced foreign exchange costs, and simplified global operations. The demand for real-time financial services is growing rapidly—Juniper Research projects global real-time payments turnover to hit USD 58 trillion by 2028—and Black Banx is strategically positioned to capture a significant share of this market.

Crypto Integration as a Revenue Stream

Another key revenue driver is crypto integration. While many traditional institutions remain hesitant, Black Banx embraced digital assets early and has built infrastructure to support Bitcoin, Ethereum, and the Lightning Network. In Q2 2025, 20% of all transactions on the platform were crypto-based, reflecting strong customer appetite for hybrid banking services that bridge fiat and digital assets.

Revenue comes not only from transaction fees but also from value-added services like crypto-to-fiat conversion, staking yields (4–12% APY), and blockchain-enabled payments. For customers in markets with unstable currencies, these services act as a financial lifeline, further expanding the platform’s relevance.

AI-Powered Efficiency and Risk Management

Record revenues would be less impressive if costs ballooned at the same rate. But Black Banx has proven adept at balancing growth with efficiency. Its cost-to-income ratio improved to 63% in Q2, down from 69% a year earlier, thanks to heavy reliance on AI-powered automation.

AI now drives fraud detection, compliance, and customer onboarding—areas where traditional banks often struggle with cost inefficiencies. By automating these processes, Black Banx can process millions of transactions securely while maintaining profitability at scale. This level of efficiency is rare in fintech, where high growth often comes at the expense of margins.

Regional Expansion and Untapped Markets

Geography also plays a role in fueling revenues. Much of the Q2 growth came from Africa, South Asia, and Latin America—regions where demand for mobile-first banking continues to soar. In 2024 alone, Black Banx reported a 32% increase in SME clients from the Middle East and Africa, signaling the strength of its positioning in underserved markets.

By extending services to populations previously excluded from formal banking—migrant workers, rural communities, and small businesses—Black Banx taps into vast pools of latent demand. The strategy proves that financial inclusion and profitability are not mutually exclusive but mutually reinforcing.

Diversified Revenue Streams

Another factor behind Q2’s record revenues is Black Banx’s diversified business model. Income is not tied to a single service but spread across multiple streams, including:

Transaction fees from cross-border transfers and payments.
Crypto trading and exchange services.
Premium account features for high-net-worth clients.
Corporate services for SMEs and international businesses.

This diversification insulates the company against volatility in any single segment, creating stable revenue growth even in shifting market conditions.

Michael Gastauer’s Strategic Blueprint

Behind these results is Michael Gastauer’s long-term strategy: scale aggressively but with efficiency, innovation, and inclusion at the core. His vision has always been to create a borderless financial ecosystem, and Q2 2025’s performance is evidence that this vision is not only achievable but sustainable.

By balancing mass-market accessibility with premium features, and by blending fiat with digital assets, Gastauer has positioned Black Banx as a category-defining player in global finance.

The Road Ahead: Toward 100 Million Clients

Looking forward, the company’s goal of reaching 100 million customers by the end of 2025 will likely be the next catalyst for revenue growth. More customers mean more transactions, more data insights, and more opportunities to refine and expand its service offering.

If current momentum holds, the USD 4.3 billion quarterly revenue milestone could be just the beginning of an even larger growth story. The challenge will be ensuring systems scale securely while maintaining trust in an environment where privacy and compliance are paramount.

A Record That Signals More to Come

Black Banx’s Q2 2025 performance—USD 4.3 billion in revenue, USD 1.6 billion in pre-tax profit, 84 million clients worldwide, and a lean 63% cost-to-income ratio—is more than a financial milestone. It is a signal of how the future of banking is being rewritten by platforms that are borderless, crypto-inclusive, and data-driven.

What fueled this record-breaking quarter is not one innovation but a combination of strategies—scalable onboarding, real-time payments, crypto integration, AI efficiency, and expansion into underserved regions. Together, they form a model that doesn’t just challenge traditional banking but actively builds the foundation for global dominance.

For Black Banx, the road ahead is clear: the $4.3 billion quarter is not an endpoint but a launchpad for even greater scale and profitability.