Bitcoin awareness in Turkey, where I live, is very high. So much so that even the main sponsor of the national football team is a local bitcoin stock market. Despite this, I have never heard someone getting his salary with bitcoin. I think it is impossible to happen in the near future.
Topic: Bitcoin for salary - page 2. (Read 2344 times)
I came from Philippines also and I second emotion to your opinion because there are three billion people here in the Philippines but less than 1% of our population who knows about cryptocurrency and some of them knows only about cryptocurrency but they are not users so I don't think giving salary through cryptocurrency would be possible here in our country.
I am also from the Philippines, kababayan. I live in a province and it is true that there are only a few people know what bitcoin is, let alone crypto currencies. Usually they know some local exchange but they don't actually use it for bitcoins but just for the fiat. People don't even know what it is, let alone use it and receive it as a salary.
Companies would never do that as of now. Imagine having 10,000 employees in your company, meaning you're gonna have 10,000 transaction, (transaction fees) x 10,000 is a very huge amount already. So it's impossible for now, I mean they can do it but in Bitcoin at least. XRP is a good example as an alternative to Bitcoin if a certain company is really serious about their employees salaries in Bitcoin.
But still, it would be better in fiat and if their employees want it to invest in Bitcoin, they can. Less the hassle, less the fees.
But still, it would be better in fiat and if their employees want it to invest in Bitcoin, they can. Less the hassle, less the fees.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.
Well, this depends on the time and company we are talking about. If this is implemented, that just means that bitcoin is not just the crypto currency we know right now, it is been a popular alternative to fiat in this world. That means it is legal and almost all of the people in this world know it is. That also means that income taxes, regulation and the system is not a problem.
I think this also depends on the government.
Upon knowing about this, I don't think the government will just let this slip by. They will find a way to regulate this kind of payments and they will make laws all about it. If that is also the case, I think that a lot of people are actually using it that it is an alternative to fiat hence it might already be accepted or regulated by the government. I think that future is still quite far from now.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.
Well, this depends on the time and company we are talking about. If this is implemented, that just means that bitcoin is not just the crypto currency we know right now, it is been a popular alternative to fiat in this world. That means it is legal and almost all of the people in this world know it is. That also means that income taxes, regulation and the system is not a problem.
I think this also depends on the government.
Upon knowing about this, I don't think the government will just let this slip by. They will find a way to regulate this kind of payments and they will make laws all about it. If that is also the case, I think that a lot of people are actually using it that it is an alternative to fiat hence it might already be accepted or regulated by the government. I think that future is still quite far from now.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.
Well, this depends on the time and company we are talking about. If this is implemented, that just means that bitcoin is not just the crypto currency we know right now, it is been a popular alternative to fiat in this world. That means it is legal and almost all of the people in this world know it is. That also means that income taxes, regulation and the system is not a problem.
I think this also depends on the government.
Upon knowing about this, I don't think the government will just let this slip by. They will find a way to regulate this kind of payments and they will make laws all about it. If that is also the case, I think that a lot of people are actually using it that it is an alternative to fiat hence it might already be accepted or regulated by the government. I think that future is still quite far from now.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.
Well, this depends on the time and company we are talking about. If this is implemented, that just means that bitcoin is not just the crypto currency we know right now, it is been a popular alternative to fiat in this world. That means it is legal and almost all of the people in this world know it is. That also means that income taxes, regulation and the system is not a problem.
Is this method is not foul on the government? Or it is legal?
You should make it more specific if you want to talk about this. Which government you are talking about? It depends on the laws in the country. For example, in my country, Bitcoin cannot be used as a payment tool. So, if you want to buy something, you need to convert it to our currency. But if you use Bitcoin to pay the salary of the employees, I think there is no problem with it, as long as there is no law to forbid it.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.
I guess there's a slight problemm the conflict to your company and the government since bitcoin isn't regulated yet.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.
Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?
I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.
I think that should be a choice of that employee.
The fact that the employee are accepting Bitcoin means they know what it is and how volatile it is. Obviously that would raise some brows since that could be really unfair to people that is why companies, if they ever think or thought of paying their people with Bitcoin, they should let them choose whether they will accept Bitcoin or fiat.
Agree, why would even an employee accept something that he doesn't want to use anyway? It will be so unfair especially if he really need the money right away for the bills he has to pay, and we all know almost all of those monthly payments only accept fiat currency. If bitcoin salary is a hassle for their everyday life, then we should not force them to receive bitcoin. We already know that bitcoin today isn't widely accepted in local stores today.
It will be fine as a choice for the employee but not as a fixed rule. Even though I use bitcoin, it's not good to hear as an employee, what more to those who have no idea what bitcoin is, and is living day to day waiting for the end of the month for the salary.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
Of course, it will all depend on the country you were placed in, if you are in the countries who against the use of any cryptocurrencies especially Bitcoin then this is definitely foul on the government, and if not then it is up to the employer and his/her worker come up to. However, I don't think it is a good idea for us to use Bitcoin as a wage simply because crypto is too volatile this might only cause confusion on the common people who don't have any idea on it. Moreover, crypto commonly works as an asset for an investment comparable to gold. Therefore, think we should leave fiat on this matter. Especially on the department of government that is about the labor or employment.
I think this works well for countries with a big inflation. With big inflation even bitcoin is a 'stable' coin. 
I think there's a lot of platform out there providing a service to distribute salary in crypto to anybody globally.
The concept and the system might will suit perfectly for the global company that paying out their employees around the globe as things will be much more difficult if you do it locally.. you need to fully understand how the law might blocking you doing this at certain place.
The question that pop up regarding this always like how legal is it yeah .. always complicated.
You know the tax treatment is different on each country under different law.
Fuck the system anw. Just do it with those well known platform and see what comes next.
The concept and the system might will suit perfectly for the global company that paying out their employees around the globe as things will be much more difficult if you do it locally.. you need to fully understand how the law might blocking you doing this at certain place.
The question that pop up regarding this always like how legal is it yeah .. always complicated.
You know the tax treatment is different on each country under different law.
Fuck the system anw. Just do it with those well known platform and see what comes next.
I don't have lot knowledge about different things about legalities or some government things.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
Currently in countries like Venezuela if they implement this type of payment in Bitcoin, it would totally suppress emigration to other countries, sources of work would arise, although it could have some problems in the accounting part when paying taxes, since the government would roll its eyes totally in said company. In order not to have problems, an agreement would have to be made between employer and workers as is happening today, since payments in local currency are miserable due to the very high inflation.
I don't have lot knowledge about different things about legalities or some government things.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
it depends on how really you actives on investing or in crypto bounty works ,you need a patience hardworking determinations to do work in bitcoin and focus on what you are doing about in crypto it really affects sometimes base in your knowledge that you make a lot of learning in bitcoin and communicate to the bitcoin professional and take some idea of one of them I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
I guess, if government legalized bitcoin as a salary payment, it can go round all the industries using fiat to pay their workers,and to start paying their workers with bitcoin.
It will reduce the stress of the employers,and employees going to the bank to deposit and withdraw fiat money, if its legalized in the country, and also accepted by employees and employers.
It will reduce the stress of the employers,and employees going to the bank to deposit and withdraw fiat money, if its legalized in the country, and also accepted by employees and employers.
I think this is very confusing to the workers because right now even the bitcoin is supported by my country they are making a lot of rules and regulations with the use of it, also it's not quite fair to the people if they are using the bitcoin as the mode of payment, the bitcoin is usually used with the upper class but if you are in the middle and the lower class do they mind what is the use of the bitcoin? I think they will not because one of the most important to them is to have the money immediately as a use for their daily needs just to survive in this society. It is better if they have a choice if they agree on bitcoin as a salary or not, only a few establishments supporting the bitcoin.
I guess, if government legalized bitcoin as a salary payment, it can go round all the industries using fiat to pay their workers,and to start paying their workers with bitcoin.
It will reduce the stress of the employers,and employees going to the bank to deposit and withdraw fiat money, if its legalized in the country, and also accepted by employees and employers.
It will reduce the stress of the employers,and employees going to the bank to deposit and withdraw fiat money, if its legalized in the country, and also accepted by employees and employers.
I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.
I think that should be a choice of that employee.
The fact that the employee are accepting Bitcoin means they know what it is and how volatile it is. Obviously that would raise some brows since that could be really unfair to people that is why companies, if they ever think or thought of paying their people with Bitcoin, they should let them choose whether they will accept Bitcoin or fiat.
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