Paying salaries in bitcoin is becoming trendy
Corporations around the world favor the payment of salaries in cryptocurrencies
The cryptocurrency boom, mining and blockchain technology involve all sectors of the world economy. The labor market is no stranger to the benefits of this digital revolution and today the corporations are oriented towards the payment of salaries in cryptocurrency.
Some examples of companies that are already paying monthly their employees considerable amounts in Bitcoin are GMO Internet and Repairs your Debt. However, there are still important aspects to be taken into account by employers and workers before accepting such a payment system.
The list includes topics like the legal framework of this type of payment, the need to have a wallet where deposits are made or the possible need to pay taxes on wages in this digital currency.
The volatility of these currencies causes suspicion in the general public. And this is more dramatic among trade unions and workers’ associations that distrust the proposals in some countries to adopt officialy the payment of salaries in Bitcoin.
This trend has its advantages, since it offers transparent, fast, secure and immutable transactions. However, it would be necessary to consider a pilot plan where the efficiency and sustainability over time of a payment in cryptocurrencies is proven so the employees are not harmed in case there is an abrupt fall of the crypto market.
M.Pino
Source: Infocoin
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