Technology company in Virginia offers its employees payment in crypto
The company will provide its human capital the possibility of charging in bitcoin and ether as part of a savings plan
The technology company Sequoia Holdings, has managed to reconcile for its workers a savings plan valued in cryptocurrencies among which they distinguish: bitcoin, bitcoincash or ether, which will become part of their salary payment.
The objective of the incentive is to ensure that human capital has the option of reserving a part of their salary and investing it in cryptocurrencies and thus stimulating the collective in the use and management of digital currencies.
The news released by the company through a statement states that the majority of “our employees are enthusiastic supporters of cryptocurrencies, and we are happy to help them gain exposure to this trillion-dollar asset class […] cryptocurrencies have emerged as an important alternative to traditional investments such as stocks and bonds.”
A good initiative
The initiative suggests the optional integration of cryptocurrencies in employee salary agreements and although the company draws an analogy with retirement savings plans to a large extent among other US employees, the difference is that in this case the deferral it will be calculated after deduction of taxes.
Virginia-based Sequoia Holdings is dedicated to providing engineering and analytics solutions to the security industry in the United States, and includes the nation’s intelligence, defense, and national security departments.
K.Villarroel
Source: cointelegraph
