Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.
Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.
I think it should depend on the employees preference. If they are not well aware or familiar to what bitcoin is, then they would recommend having their salary in the form of fiat and if the employee is knowledgeable enough with regards to bitcoin, then they would prefer receiving it on that currency then. If it is only for me, I would rather have my salary in fiat first, since bitcoin is at risk of going down more on the next few months. It will surely affect my living once that happens. If ever bitcoin is in good condition, I would then suggest having my salary in the form of bitcoin. Not only in the preference of the employee but also the timing you should rely your decision with.Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.