WANT YOUR SALARY IN CRYPTOCURRENCY? IT COULD HAPPEN SOONER THAN YOU THINK
From Bitcoinist
A number of companies are trying to create ways to pay their employees with cryptocurrencies. And while the concept might be appealing to some, there are several obstacles that have – at present time – kept it from widespread adoption.Read more: http://bitcoinist.com/want-salary-cryptocurrency-happen-sooner-think/Back in December 2017 when GMO Internet Co. Ltd. announced its intentions to start paying up to 100,000 yen (roughly around $900) per month by Bitcoin to its employees, the public’s reaction was, as expected, definitively uncertain. People seemed to be torn between the fierce volatility of cryptocurrencies on one end and the obvious potential for explosive growth on the other.
THE WINDS OF CHANGE
Fast forward a few months, and we see a serious turn in the tides. According to Uphold, a multi-purpose digital money platform currently in partnership with Bitwage, a payroll processing firm, Netflix, Starbucks, Airbnb and other large corporations already pay their workers through Bitwage. This means that any worker could ask for any portion of his salary to be paid with Bitcoin.Strong arguments are being made about the advantages of cryptocurrency payments within the gig economy. The transparency of blockchain-based technologies, combined with the speed of digital payments and the opportunity to circumvent banking intermediaries is undoubtedly appealing to those occupied in the sharing economy.
This could be quite the risk with the volatility of crypto these days. It would be less risk if you could convince the landlord or tax man to take their cut in crypto as well.
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With the high volatility of cryptocurrency. I don't think it's a good idea,i would prefer mine in fiat then i can decide what percentage to gamble in the crypto market
Wow, cryptocurrency is becoming more and more common right now. We might even use it for daily purchase soon enough.
Great post tnx for sharing I just upvoted.
steemit all the way.
check out my new post.
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Paying workers with cryptocurrency will no doubt be a huge upgrade but might suffer some challenges at the early stage. I believe crypto trade education should be the first step. Most of the people that'll kick against it would be due to ignorance as to how it works.
I think cryto is still too risky to rely on it that much. Not only in terms of volatility but in terms of security. Crypto itself is very secure of course but losing your password/keys, getting hacked, having a hard drive crash with no backup, etc. are all much more devastating things with crypto than with your bank account.
I think this is great and when I hire my first employee for my production company, I will pay them in cryptocurrencies.