Quote from: Hamphser on July 27, 2018, 03:58:58 PM

Quote from: frlvoleg on June 18, 2018, 07:54:37 AM

Israeli Internet company Spot.IM will pay salaries in bitcoins

Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.

According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.

To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.

Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.

In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.

According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.

After all these years i have seen most people do ask about adoption on where bitcoin or other crypto would be applied into businesses or companies which do pay up such coins but now it do already happen but people do say things other way around. This is an advantage for those crypto enthusiast workers but for those who dont have any knowledge at all they would really rather choose up fiat because they dont like to recieve a thing that do changes its prices any second or minute depending on how the market moves.

The fact is that Fiat people use not only because of the habit, but also because of the fact that everyday life is easy to use ordinary money, not crypto currency. It seems to me that the crypto currency will still take its place in the financial world, but it will be used only in certain spheres of human activity.