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?
For most people, except those who are already wealthy enough to live independently, it is simply not feasible for them to be paid in cryptocurrency for a full time wage. As in most cases they will need to convert it back to fiat currency in order to pay regular bills like rent/mortgage, electricity, water bills and property taxes. That just adds extra transaction fees in the middle, before you even try to calculate the fluctuations that can happen very randomly - it's great when the value of your monthly salary goes up, but it can cause great anxiety when the price starts to go downwards. For peace of mind, if nothing else, people will be paid in relatively stable fiat currency long into the future.