Quote from: Fiatless on August 17, 2024, 11:45:05 AM

Quote from: Nwada001 on August 17, 2024, 09:40:23 AM

Quote from: Hatchy on August 17, 2024, 09:47:53 AM

I read about it this morning. Dubai is becoming a hub for Bitcoin adoption, which is great since it's a popular tourist destination. However, I have one concern. Due to Bitcoin's volatility, many people might hesitate to receive their salaries in Bitcoin, as they want to preserve the value of their money in the long term. This is especially true for those who are new to cryptocurrency. If receiving salaries in Bitcoin is optional, not mandatory, it will be a step in the right direction.

Accepting Bitcoin or other crypto as salaries will be based on agreement between the employer and employee. Even the case that led to this law was about paying salaries both fiat and a token called EcoWatt. Based on the contract, the worker was meant to receive a salary in fiat alongside 5,250 EcoWatt tokens. So, I think accepting crypto as salaries will be optional.

For me I think from the beginning it may be optional but as time goes on it will become normal. Just like salary was first paid in cash when there where no banking system and people gradually adopted banking system later when they knew the importance/ advantage of banks over fiat. so shall most people who are not well knowledgeable about cryptocurrency or bitcoin and how the payment system works, will gradually understand the importance and fully adop it. It's just a matter of time. I believe this great idea will increase the adoption of bitcoin. This is really a great news to the Bitcoin community.