Costa Rica, Workers to Paid in cryptocurrency!

Zabzab9

newbie

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Quote from: Xester on July 22, 2018, 10:14:51 PM

https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/

In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.

The real question is, if this trend will become successful in long term or will not last long?

This is truly a great news for Bitcoin community. The acknowledgement given by Costa Rica regarding digital money might lead into further studies and innovation with the help of that country. Furthermore, their trust to the technological advancements may trigger for the other country to also appreciate the essence of crypto currency. If the development of crypto currency in Costa Rica continues and their local government support its capacity for the society, it might possible to perform in a long term operation. Thus, the innovators should continue that will catch the attention of other places.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: Xester on July 22, 2018, 10:14:51 PM

https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/

In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.

The real question is, if this trend will become successful in long term or will not last long?

I love hearing this kind of topic because for me this is one step forward for the success of our community since payments for workers are large amount to circulate cryptocurrency specially our precious bitcoin and if this will happen for the whole world then we will be on the bright side of future of spreading the virtual money usages around the globe

andieoke

copper member

Activity: 301

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I just read this news, I was actually shocked by this news. but I am happy, because this is evidence that cryptocurrency continues to show its development. And I hope this will be a positive trend, and can be followed by other countries. Cryptocurrency will grow rapidly if many countries use cryptocurrency as a legal payment instrument.

justhh

newbie

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That’s just unbelievable! A blockchain technology gives a lot of advantages to a user.

KINGCHACHA1

jr. member

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If Costa Rica Government have the intention of paying the entire staff of the country with cryptocurrency, It means the government will have a department or agency in charge of the payment process which will directly call for the employment of blockchain technology experts and experts need to also train the remaining citizen in order to use the cryptocurrency effective without loosing it. This is the greatest thing that can happen to a country, The news of cryptocurrency will spread without much stress in such country. I hope this will come to reality.

Deepa18dec

newbie

Activity: 63

Merit: 0

This is great news as crypto industry will get more exposure but at the same time, I don't think this trend will continue because market is highly volatile and workers may lose a significant part of their salary if the market dumps next day. Once the market stabilizes, then it would make more sense.

BALIK

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Activity: 2044

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🍓 BALIK Never DM First

Still waiting to hear the same information from a fortune 500 company, or even any corporation in general. I think the prevailing view in 2018 is that Bitcoin and cryptocurrencies are too volatile, so taking payment in them is an unnecessary risk, whereas I bet last year employees would have been biting at the chomp for the chance to be paid in BTC.

Cryptotissue

member

Activity: 150

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This is another plus to the crypto community and world as a whole. If people realize how easy and safe to make transactions in bitcoin is, the government of countries who consider the use of bitcoin illegal will change their perception about bitcoin and cryptocurrency.

Kingstonic

newbie

Activity: 20

Merit: 0

I think this is a right step towards right direction, it will sure help the economy grow.

Remilekun1

newbie

Activity: 84

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This is a great news, it shows a sign of progress. The fact that bitcoin is making wave it is a sign that future is good for bitcoin. The haters that wanted to see the down fall of bitcoin will be begging to invest in bitcoin

yugyug

sr. member

Activity: 616

Merit: 256

Costa Rican government gradually embracing cryptocurrency though it is still volatile in the market this payment method for a daily wage earner is still not a practical approach but for any means like performance bonus or other workers merit to pay in cryptocurrency is an ideal solution.

abiola4real

newbie

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If this actually works, it will make me more happier, because it shows we are progressing day by day, the future is bright for bitcoin and bitcoin investors. We will not loose hope will keeps spreading the good news.

davhek

full member

Activity: 406

Merit: 100

Quote from: Xester on July 22, 2018, 10:14:51 PM

https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/

In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.

The real question is, if this trend will become successful in long term or will not last long?

Wow, that is a huge news! Certainly a step forward into mass usage!

Feuerbach

full member

Activity: 448

Merit: 100

Quote from: Xester on July 22, 2018, 10:14:51 PM

https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/

In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.

The real question is, if this trend will become successful in long term or will not last long?

This is good because it moves the crypto industry forward. If in Costa Rica the crypto currency can be paid everywhere, the volatility will not affect the workers

ololajulo

sr. member

Activity: 2226

Merit: 270

Chainjoes.com

The decision to pay workers of a government in crypto will require a lot preparation to still convert to coin to fiat for non internet user. Also online transaction should be every where and means of assessing the fund should be easier and in hardcopy, maybe as ATM card and private keys. Training should be done for workers who had already a contemporary medium of assessing fund.

madisonnd99

newbie

Activity: 294

Merit: 0

This is indeed great news. This means the crypto currency is getting so much familiar in different regions of the world. Payment with crypto currency will increase the user of crypto currency as well as many workers will also learn about crypto currency which in turn will increase the investors of the crypto currency.

Cult

full member

Activity: 479

Merit: 100

Enter the future of gaming

I believe it's really well played by Costa Rica. A lot of american entrepreneurs already moved there because of much more favorable tax policy (for example, Peter Schiff) and mas recognition of crypto has all chance to become a new magnet for capital.

ayiaye

jr. member

Activity: 170

Merit: 1

this may sound good for the development of cryptocurrency in order to become a daily currency, because bitcoin will be increasingly recognized by people who do not know it, and increasingly supported by the government. but on the other hand, workers will get a loss when bitcoin prices fall.

Kimi80

sr. member

Activity: 750

Merit: 252

The biggest problem there is unstable price of Bitcoin. They still have to convert it to fiat currency and is the price of Bitcoin fall on the market, you automatically have less cash then you had. I would like to be paid for my work with a fix price so I could know what I am in control with.

Glyphotex

newbie

Activity: 34

Merit: 0

This is a win for bitcoin and crypto currency at large. If more counties follows, then we will be fine.

Topic: Costa Rica, Workers to Paid in cryptocurrency! (Read 540 times)