Topic: Can we adopt altcoin to pay wages? (Read 1700 times)
could this be happening is there is agreement from both sides to make this as a salary. When it's been approved is certainly there will not be a problem anymore because it certainly will already know about the risk of that happening. When the fluctuation of prices or sudden become down and up then it would be a risk that is already making a deal together and maybe just the things that are heavy enough to be felt.
When there is a salary payment for them, they must also use the Exchange to fair to FIAT.
We all know that cryptocurrency is always up and down, if it's paid with cryptocurrency and then converts to FIAt then that's the best way, if I think.
We all know that cryptocurrency is always up and down, if it's paid with cryptocurrency and then converts to FIAt then that's the best way, if I think.
Aside from the problem of market price flactuation that can cause trouble to emoloyee-employer relationship, it could also be difficult for some especially those companies or employees that has no idea of what cryptocurrency is.It may be possible that way but it will take longer time of implementation and orientation to users.
This is very much possible, but it depends on a few other factors. How willing both people at the end of each side are willing to adopt this idea. Is the employer willing to pay in altcoins, and is the employee willing to recieve his/her payment in altcoins. If there is a mutual agreement between these tow persons, then it is very much possible.
Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?
What problems can be occurred to adopt it?
I think that at this stage it is possible only partially and at the request of the worker himself. I know that in some large corporations can pay wages in money and shares. Altcoins can be compared to shares, so in part this is possible.
Yeah, maybe in the future something like this could be achieved. For now we shall believe in the fact that the Bitcoin exists and has taken the form of a successful currency so far.
perhaps someday yes, but such an altcoyin must be resistant to market fluctuations. such as the USDT, that the salary of employees would not be halved the next day
Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?
The price of altcoin is too volatile and not suitable for something important like salaries and wages to fulfill your daily neccesities. If you receive your wage in altcoin and the price drop then you'll have problem that month, it's no different with gambling your money. If you really want that to happen then you should hope that the adoption of bitcoin to come faster. What problems can be occurred to adopt it?
The answer is that you can. If you are a boss, you can pay your employees' salaries with altcoins. I recently heard Japan plans to pay employee salaries by using bitcoin. So I think you can do the same thing with your altcoin.
If you use altcoins such as DOGE, RDD, STQ, SIA might be acceptable, because altcoins look stable even though sometimes there is a price increase.
The rest is possible after receiving a salary with Altcoins directly converted with FIAT.
True all of it are possible well it may depends on how are you able to make some move of it that can be possible to all of what you may do. The thing for it is your strategy here everythings is possible but the strategy of one person are depends on. The rest is possible after receiving a salary with Altcoins directly converted with FIAT.
Is there a point in doing this, the next person will dump the coins to get dollar. We need to create a whole chain of crypto utilization where the top to bottom trading of goods happens on btc and usd is not involved.
It will certainly have to be connected to a stable coin to protect against market volatility. The day will soon be here!!
I don't think workers will want their wages on altcoins knowing the cryptocurrencies have very volatile prices. For me, even though I invest in cryptos, I still want something more stable like fiats instead of a coin that could lost half it's value on a week.
I don't think it can be done for the time being. Not everyone accepts the industry, and the volatility of the cryptocurrency is too big to pay.
I think this is not possible. Altcoin prices change daily and are not stable. This is the biggest barrier to altcoin pay.
Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?
What problems can be occurred to adopt it?
It will be possible ofcourse but not at this moment and not even tomorrow
Many things we must consider and specially bitcoins presence,because for now only the number one coin is the popular anf trusted coin than can be used as currency for many transactions and same as salaries,but for sure in future when all of altcoins are considered as coin then all you ask will come true
If you use altcoins such as DOGE, RDD, STQ, SIA might be acceptable, because altcoins look stable even though sometimes there is a price increase.
The rest is possible after receiving a salary with Altcoins directly converted with FIAT.
The rest is possible after receiving a salary with Altcoins directly converted with FIAT.
In my opinion, the main problem at the moment is that there are few stores that accept cryptocurrency. Thus, the person who received the salary of altcoins will be forced to exchange them for Fiat. Given the volatility of the market, he can exchange them at a low rate and get less Fiat. I think that the payment of salaries altcoins premature!
The main problem is the high volatility in the cryptocurrency market.Because of this, it will be difficult to pay for goods and services.On the other hand, the existence of laws could solve this problem.
Maybe if coins were used to pay for everything. Their exchange rate also changes every day, if you keep them until next month, maybe the value is only 1/10.
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