It all started a couple of years ago, with one or two NFL players taking their salaries in Bitcoin.
Shortly after that, soccer players and other athletes from various sports started requesting to be paid part of, or totally in crypto. Next, politicians, such as the mayors of Miami and New York said the will accept their salary in cryptocurrency.
Today, as more millennials are adopting cryptocurrency, they are opting to receive their salaries in crypto. With the ever-present possibility to double, even triple their money who can blame them. And this is not only prevalent in millennials but is also being used by older established business owners as a bargaining tool to lure potential employee candidates.
In fact, today there is growing cryptocurrency payroll and human resources industry. One of the leaders in this industry is Bitwage. Bitwage touts itself as being the leading provider of cryptocurrency and payroll solutions. They specialize in creating solutions for foreign remote workers looking to optimally receive their wages in crypto.
Many Americas Fortune 500 companies use Bitwage for crypto payroll fulfillment. American Express, GE, Air BNB and Sprint, just to name a few. From information on their website, they appear to have offices in the U.S. and France.
By all accounts crypto wages are only going to increase in popularity and desire from the working masses. As a matter of fact, I spoke with one local restauranteur who is looking for incentives to offer potential employees. I asked him to consider offering a monthly bonus of $100.00 in Bitcoin instead of a fait-based signing bonus.
The advantages of this type of incentive are it gives the employee real value with a hard money accruing asset. An asset that day-by-day is increasing in purchasing power. So now the only questions left are:
- Did that restauranteur take advantage of my suggestion?
- And, are you ready to accept all or part of your wage in crypto?
Things that make you go hmmm …
Author: Majeed A. Kariem, CBP
C4-Certified Bitcoin Professional | President, Blockchain Merchants Assoc.
[email protected]
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For more info on the Blockchain Merchants, click here; for previous columns, click here.
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