Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
This is base on personal choice especially if one need to settle house bills and other miscellaneous expenses that will not require cryptocurrency as a means of payment. For me, I see cryptocurrency mostly as an investment that is need to kept till when it's needed. Paying salary in Bitcoin is a good innovation but it as is own lapses due to the volatility of Bitcoin which can be risky especially when the price falls immediately one salary is paid. Then waiting for the price to come before selling it.
If my salary is paid in bitcoin, I will rather sell it immediately if money is need to pay bills then later buy my own amount of Bitcoin I prefer to keep. I can also trade it to get some profits if the market is stable enough to make good profit.