TOKYO: A Japanese company will start paying part of its employees salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.
GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year.
Employees can receive salaries by Bitcoin if they want to, company spokeswoman Harumi Ishii told a French wire service.
We hope to improve our own literacy of virtual currency by actually using it, she said.
The offer will be open to around 4,000 employees of the GMO group in Japan, she said.
The company started a Bitcoin trading and exchange business in May.
And next month, it will join the so-called Bitcoin mining business gaining the right to receive new Bitcoins as a reward for helping keep the network secure by approving transactions.
World Bitcoin prices have surged globally this year, soaring from less than $1,000 in January to $17,000 this week.
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First of all please try to quote the source from where you have picked such news. Then yes Japan is really making a leap forward for widespread use of bitcoin considering that japan is the birthplace of bitcoin itself. But still this thought makes me quite confused as this salary payment would cost company a hell lot of fees and same would be the case with the people too. I don't think currently bitcoin is efficient enough for a widespread use.