Takashi Tashiro, the new CEO of Tokyo-based energy company Remixpoint, will be paid in Bitcoin as part of stated efforts to be “in the same boat” as shareholders, the company said in a statement on Tuesday.
Remixpoint said it will calculate Tashiro's salary and taxes, purchase the equivalent amount in Bitcoin (BTC) and transfer it to a wallet the CEO designates. The move is as part of a “shareholder-oriented management,” the company said.
We often hear companies talk about acquiring bitcoin but are those CEOs actually using bitcoin in their lives or just accumulating for profit? This type of people, those who take the step forward, will help bitcoin be adopted better. Soon, others might see the benefits of receiving your salary through bitcoin as Tashiro becomes a leading example.
This is a very good initiative that will work for Bitcoin and for the increase in the price of Bitcoin. The initiative that the CEO is taking seems to be very experienced about Bitcoin and he has probably invested in Bitcoin. The CEO of a company has a lot of money, his money has no end, he can convert his money into Bitcoin if he wants and hold it for a long time, but in an organization there are different classes of people like rich, middle class and poor. The rich may not have any problem with their salary because if they keep their salary in Bitcoin, they can keep it in Bitcoin because they may not need that salary very much and may not have to sell it immediately because they can hold their Bitcoin for a long time, but the middle class and the poor will have to sell Bitcoin if the price increases to pay their salary and if the price decreases a little, their salary will decrease in the main part and they will have to wait until the price normalizes. However, there will be many advantages in terms of transactions because the transactions will be very fast and there will be no risk to the money.