Post
Topic
Board Bitcoin Discussion
Re: Dubai approves bitcoin for salary payment
by
BALIK
on 20/08/2024, 03:34:32 UTC
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Would be amazing to be able to receive part of your salary directly as Bitcoin though. Would save the hassle of directly converting your money and storing it in your wallet. Otherwise I doubt employees, even if they were pro-Bitcoin, would want their salaries to be in it. I mean you can't even buy stuff in general grocery stores with it after all. Maybe if that was implemented as well then we'd see people adopt it more? Otherwise, it's just an option for people who DCA which I'm pretty sure in the grand scheme of things, are pretty small in amount.

On the contrary, I personally still prefer to receive my salary in fiat currency because I will be more proactive in accumulating bitcoin. I wouldn't be happy to be paid in bitcoin when its price has gone so high. Converting between fiat currency and bitcoin has never been a hassle because of bitcoin's popularity and high liquidity these days.

In my opinion, it will depend on the individual, there will definitely be people who prefer to receive their salary in bitcoin and those who prefer to receive their salary in fiat currency. Paying in bitcoin should be an option and should be left to people to make the choice that's right for them.