Cryptocurrency Salaries: Yes or No?

There is hardly an unexplored corner of the digital assets world; Bitcoin and Blockchain are being implemented rapidly into every industry by big enterprises and small local shops. We can buy our coffee, a new smartphone, or pay for dinner in the restaurant with Bitcoin and other cryptos. But can we pay or get salaries in crypto? Is it worth it to get paid in Bitcoin?

Today virtual currencies became an alternative to fiat, a hedge against inflation, and a modern means of payment. But what are the benefits of receiving a salary in BTC?

Low Fees

In terms of the coronavirus pandemic, many people are working online from home. Internet companies' owners have clients from all over the globe, meaning the COVID-19 crisis is not touching them much. However, they may face exchange rate issues that obviously have an impact on their profiting. When it is coming to Bitcoin transactions they have much lower fees than traditional ones, for instance, PayPal or money transferring services. Moreover, payments in BTC are converted into U.S dollars fast and easy.

If your business doesn't offer Bitcoin payments yet but considers it in the future, you can read more about how to accept BTC as a form of payment here.

It is fast

The story about how quickly you can send or get a salary from and to Bitcoin or Ethereum wallet deserves a separate chapter. The stories about payments from old-fashioned bank accounts that sometimes can take from days to weeks also deserve a separate very sad chapter. Especially for those, you have bills to pay or loans to cover. With crypto payments, we immediately forget about unnecessary headaches in our life.

It is transparent

Blockchain protects both employers and employees in the case of controversy by providing them with a transparent record of salary transactions. A great bonus that an employee gets here is in the case he wants to hold his Bitcoins, the salary can rise to the skies in times of bullish rally. It’s extremely relevant for those who are still waiting for a promotion at work.

New opportunities

To finish, accepting salary in Bitcoins opens new doors especially for freelancers, as there are numerous crypto startups and well-known traditional companies that are willing to pay employees in digital currencies. Check here how to get a certificate and get a real job in crypto.