Do you accept cryptocurrency as payment for your salary?

Iti9

If given the choice, would you choose fiat currency or the highly volatile cryptocurrency as your salary for labor compensation? I'll go first; I would probably choose fiat currency as my salary, being more conservative.

Speaking of this, you might be curious why I'm asking this question. It's because not long ago, the financial advisory and asset management group, deVere Group, conducted a survey specifically on cryptocurrency salaries. The participants totaled more than 750, from users aged around 42 and below in the UK, Europe, North America, Asia, Africa, Australia, and Latin America. The report revealed that over 30% of millennials and over 50% of Generation Z expressed willingness to accept Bitcoin or other cryptocurrencies as payment for their salaries.

In fact, many companies worldwide, especially startups, have begun using cryptocurrency to pay part of their employees' salaries. This is not entirely new, as back in 2014, the company that developed Bitcoin ATMs, GSM, paid its employees with Bitcoin when its price was only $500. Today, there are companies paying salaries in cryptocurrency. Are there countries that have legalized the payment of wages in cryptocurrency? Certainly. As early as August 2019, the New Zealand tax office announced that receiving wages in cryptocurrency is legal and subject to taxation.

I can't help but wonder, if those employees received Bitcoin as their salary in 2014, they might be financially free by now.

Indra55

If the price is highly unstable, I definitely won't accept it.

Jiten171

Upon rational consideration, I think the exchange rate of virtual currencies fluctuates quite a bit.

Kabir903

Whether to accept cryptocurrency largely depends on the purpose of your salary and your attitude towards cryptocurrency investments.

Jatin255

With inflation getting worse, something must be done to counteract it, and the best time is now.

Jiger955

I won't accept all of it, but I can accept half.

Iravan774

Not to mention employees, even the wealthiest bosses can't afford this level of volatility.