Three Reasons You Should Start Getting Paid In Bitcoin
It has been seven years since bitcoin was launched in 2009. During this journey, BTC has gained popularity from being unstable (fluctuating value) to being stable. It is interesting to note that the price has been less fluctuating in the past year.
For those who aren’t sure what a bitcoin is, it is a peer-to-peer transaction system that takes place between users without the involvement of an intermediary. Transactions are recorded in a secure, decentralized ledger called the blockchain. Large banks across the world have started using this payment method and we expect new applications and upgrades to come online in the years to come.
We have listed 3 reasons to get paid in btc. Salaries in btc? Yes, that’s what we are talking about
- Payment method is simple:
If you are an employer and would like to pay your employees in btc, you may want to check out BitWage, an international salary and wage payment service that allows users to get paid in bitcoin. Not only can an employer pay their employees, vendors and contractors in BTC, but also in a variety of local currencies. Vendors and contractors can bill the company in local currency and receive an equal amount of BTC. Sounds cool right? Another wage payment service that has started supporting bitcoin is Wagepoint. We expect more solutions that will support bitcoin transactions in the future.
If your employer doesn’t know about BTC, you can ask them about it. You may instil some interest among your colleagues about bitcoin and getting paid in bitcoin. Businesses, employers and companies can be benefitted by introducing bitcoin in their payroll system as this doesn’t involve any additional charges.
- Spending made simple:
Few years ago, there were very less bitcoins users who used it extensively to transact. Over 100,000 companies now accept BTC payments. Looking at the growing list of bitcoin-friendly companies, it’s easy to predict that retail giants like Walmart will also join the list in the near future. Facilities like BitPay which is a Visa prepaid debit card can be used to spend at any retail outlet that accepts visa transactions.
- Make this a legacy:
In the US, money has become less valuable and less secure year after year. Money is the only payment system that is in existence for the past 100 years.
A well-known Austrian-Hungary economist Friedrich Hayek almost predicted peer-to-peer transaction during his times. He was also of the opinion that money is weakening and emphasized taking control of money from the government by some workaround. Well, bitcoins seem to be one such workaround.
Bitcoins will become popular only when more people start using it. Check with your HR department about getting paid in BTC and holding a salary account. It’s time to get ready for the transition as bitcoin is evolving to become a good payment option.