Post
Topic
Board Economics
Re: If you can get paid through cryptocurrency, do you still choose fiat currency?
by
Sanugarid
on 25/09/2021, 12:01:28 UTC
Quote
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?

I will definitely choose to get paid in fiat currency instead of crypto simply because you still need to convert it into fiat to be able to use it to buy goods and services here especially if your country does not consider any crypto as a legal tender. Moreover, the market is very volatile and it will have a significant effect on the value of your salary so I think it would be better just to stick with stable currency when it comes to your salary.