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Should you get your wage in crypto?
Let’s talk about whether employers could and should pay salaries in crypto like Dogecoin, Ethereum, and Bitcoin.
Cryptomania is fast approaching a tipping point. As more and more companies accept cryptocurrencies as a form of payment the pressure mounts to pay wages in Bitcoin, Ethereum and Dogecoin. NFL players have led the charge with Okung and Culkin seeking to get some or all of their salaries paid in Bitcoin. It’s not just NFL players and forward looking companies that are considering crypto as a valid currency and as more than just a speculative asset; but central banks like the PBOC are preparing to launch their own digital currencies. Even the U.S. Federal Reserve and Reserve Bank of Australia are researching and considering digital currencies. But the real question is, with all this going on, should you get some of your wage paid in crypto?And if you’re an employer are you wondering whether you should pay salaries in crypto or what to do if an employee asks?
These are the questions that we’ll talk about here. We’ll investigate the mechanics of getting paid in crypto and what it’d actually be like living off a digital wallet.
