Post
Topic
Board Bitcoin Discussion
Re: Pay with Bitcoin
by
Shasha80
on 01/09/2021, 15:00:34 UTC
They could give their employees choices, they could either be paid in crypto or fiat. Having its own bitcoin payment system is a great stepping stone for the business, since they are accepting bitcoin, employees should be knowledgeable on how to operate it. This could lead them to be interested in it as well. It would be easier for them, for sure.
It is good for companies to give their employees a choice, depending on whether the employees want to get paid in crypto or fiat.
This is also what many people who are familiar with crypto want, but it all depends on the rules of the government of each country.
because today there are still many countries that have not accepted crypto as a means of payment, and that is the biggest obstacle.
So the crypto adoption process does not go fast as long as the government is not open-minded and accepts cryptocurrencies as a whole.
Its really good to have choice like this but the question is does they can able to take up the high fees by using bitcoin? sometimes that one is need to be consider as companies are losing money for paying such huge fees if the network is congested, Also stuck transaction due to low set fees is a concern to so maybe this bitcoin option to pay to your employees will get a problem knowing we can get stuck for many days for it and its stressful for the employee to encounter this issues.

Regarding the high costs of using Bitcoin for payroll, maybe the fee is passed on to employees who choose Bitcoin for their salary payments.
Because it is impossible for the company to bear such large costs, therefore if employees want to receive salaries in Bitcoin must be willing
to be deducted by transaction fees. If they are not willing to choose fiat for salary payments, the company concludes that they give
employees a choice. Because from the start the company did not force employees to receive salaries in Bitcoin.