Topic: Can we adopt altcoin to pay wages? - page 2. (Read 1700 times)
I think this can be done but because of the price fluctuation this will affect what we get at the end of the day and as we have seen in the past months, I don't think I want my wages paid with alts.
In crypto prices always fluctuate If price go high they no problem but price goes down then we will get loss....
One of the bigger problem in paying wages in cryptocurrency is due to the volatility of cryptocurrency. For instance, if you are to pay $100 in wages, and you do it in bitcoin, and when the bitcoin is cashed out, its values may decline. So it is difficult on that point. But one can use it in the method of payment. or buying goods. It can also be taken as assets like gold.
Because of the large volatility, it will not be so soon, but the employer will be able to use the crypto currency as an additional reward.
There are many companies that pay salaries through cryptocurrency. Like the staff of binance, they receive a salary from BNB. That is a positive sign and in the future we will see it very popular
This concept can perfectly adapt to altcoins like payroll wages but there are still many risks involved, since electronic money is now a line itself that is still unclear on how to adjust its volatility. Always unpredictable unless currency is only acceptable in the ecosystem and the exchange rate is always justified such as directly exchanging an apple into one altcoins regardless of external ecosystem inflation. .
Of course, you can use altcoin to pay your wages. At present, Japan has already done this. I think that in the future, altcoin will become the basic way to pay wages. I think this operation will not cause any problems, which is more convenient.
Yeah, bounty companies. But as a main income, no it is not yet possible. In the future, it will be possible, and I want to believe that it will be.
I think there have been some news with respect to nations who began to acknowledge digital currency installment as compensations. There are additionally stages that are being created to pay crypto for their work, an illustration would be DIGIWAGE which could shape the fate of consultants industry through their decentralized independent work environment. In our age, once cryptographic money has been completely created, there is no doubt that we are going towards a cashless society.
Crypto is still in the early stage and volatile
Costa Rica has recently legalized paying wages in bitcoin and I believe a lot of companies will use that chance. Also, there was news of a whole football team getting paid in crypto. So there is nothing impossible.
I think that while it's all in the project. everything takes time. and of course, more to inform the population and investors
Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?
In some developed countries in the world like Switzerland they still pay wages with altcoin. In contrast, many countries banning bitcoin like China, Vietnam ... The payment of altcoin wages will be difficult. The price is not stable, daily spending is difficult.What problems can be occurred to adopt it?
Yes, everyone can do that , but this will be a big risk.
Especially to those employee who really need the money.
This is just an option now! but dont want to see it soon.
Altcoins and you need to pay mane fee to make it into FIAT.
Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?
In some developed countries in the world like Switzerland they still pay wages with altcoin. In contrast, many countries banning bitcoin like China, Vietnam ... The payment of altcoin wages will be difficult. The price is not stable, daily spending is difficult. What problems can be occurred to adopt it?
Yes we can, and as time goes by, most people will probably adopt crypto as a form of payment, and probably altcoins will be among the payment option, It all depends on the quality of the coin.If the alt is good enough then there will be no stopping it as the chances are that it will b accepted as a form of pay
In my opinion it is possible in the near future but right now i am not sure that many people will use it.
I think that bitcoin will not work, as its limited number and its total remains about 15 million pieces
maybe it can happen in a company, which pays its salary in the form of altcoins, but the altcoin issue is what is good to use to pay the salaries of employees who work in the company, and the company may have to work with a particular altcoin that will be used as a payer salary for each employee. but there seems to be one more problem, because not all countries allow or legalize crypto money in their country, maybe that would be a problem in itself if there is a company that wants to pay the salary of its employees with crypto money.
Let's say your salary is $10k. When you receive your salary, it's $9.8k. When you look at the balance again, the balance shows 9k. That's the problem.
It can be possible but there are a lot of factors to consider like cryptos are volatile and we can never tell what will happen in just a blink of an eye. It may fall or rise, also encashing your crypto will have you less money for the charge
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