Costa Rica, Workers to Paid in cryptocurrency! - page 4.

Cassy14

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Quote from: Xester on July 22, 2018, 09:14:51 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 a good thing for BITCOIN, but this is not a good step for their workers.
how about the transfer fee? the fee in exchange?
i hope they will consider the people there, to ask first what they want to receive.

bjmpoker001

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Quote from: Xester on July 22, 2018, 09:14:51 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?

Slowly, cryptocurrency will be accepted by all peoples, and they will start to using cryptocurrency as a currency for their daily transactions.
Just for now, some government of countries still not allowing because they see cryptocurrency price is not stable enough.

Zhamilya

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That's great news. As cryto market are being popular day by day hopefully in near future this type news will common to us. And thaks to costa rica they tried to involve their workers in crypto market. Hopefully it will be benificial for them.

secianced

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I think in many small counties like Venezuela in future workers will be paid in crypto and you will be able to buy groceries with crypto.

Spend.com

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Costa Rica officially labeling Bitcoin a currency is a great way for adoption.

Dashaaraily

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Costa Rica uses crypto for payment to their worker. it is very good sign for crypto market. crypto now worldwide market platform thats why it is easy to transaction. I think it is helping the economy of country.

kma.deno

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Crypto is now a world-wide trading medium. Where there is no risk of theft. Anyone can earn profit from here again. Through this, it is possible to buy and make payments. Costa Rica is paying for their workers, it is good sign for crypto.

tsmc103

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I think this is the good concept to pay workers salary in cryptocurrency because Costa Rica workers will know about cryptocurrency and take decisions how they can use. also this is good for future of cryptocurrency because in upcoming days all business and corporate world accept crypto and pay their employees salary in bitcoin or other cryptocurrencies. so i think this the good initiative for encourage cryptocurrency.

Kakmakr

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If I understand this correctly, they are saying that these workers can chose to accept a option where they receive a portion of their salary in Bitcoin, which is a good thing for those people who converts some of their salary into Bitcoin, every month.

The employees do not have to pay exchange fees to get the money converted and they have a portion of their salary in a currency/commodity that are a store of value. Grin

ballexplorer

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Thank you for posting this article.
This is the news Bitcoin needs to be known. As Bitcoin gains acceptance in the countries of the world, the value of the coin will continue to increase. This means the BTC is well on the way to becoming a true pay-coin.
This development can only be positive for Bitcoin and crypto currencies.

lumedeee02

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Wow this is indeed a great news about crypto currency, and if all other country can also adopt this from Costa Rica crypto currency will definitely increase in value

Dexion

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I see that today a lot of good news about the crypto world. if I look at the geographical condition, Costa Rica is a small country, and there are still many poor people. but Costa Rica is also the happiest country.

I see that Costa Rica will be a country like Venezuela, if Venezuela has crypto that backed by state oil, but in Costa Rica there is no oil, and they use electricity by utilizing renewable natural resources.

so, it seems slowly, Costa Rican society will adapt to crypto, and will last for a long time.

yanetriwidia

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this is an awesome milestone for crypto world, i hope many countries following Costa Rica action to making legally people paid in cryptocurrency

googs84

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Many possibilities can be plotted with this plan on the desk.

First thing government need to survey that how many employees are happy with the decision of their use of bitcoin as salary mode? I mean its all right if al of them are happy with it but what if not everyone is willing to accept bitcoin. Its not sarcasm of some sort because there are many people who still dont want to accept the reality of bitcoin existence.

The volatility could be disturbing factor here. I mean every month end when it will come to paying the salaries then USD values would be different. Can be messy.

Will it be trend? : Anything that comes out as brand new stuff becomes the trend. Eventually people get bored of it. Then they go for new ways. Its just the cycle.

slaman29

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Doesn't change anything I don't think so. You want to get paid in crypto, get paid in crypto. Let's see if any state can stop you. Legal is not something that makes it possible to happen. Legal just means there are finally grounds for the govt to tax you, for your crypto, and well okay, more centralized exchanges can open and take your business away from p2p.

Not being negative here but not praising Costa Rica for nothing.

steampunkz

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The establishing of this kind of platforms will take too long because of the lack of education and knowledge in cryptocurrency by some of the people there. They could teach the people so they will learn what is bitcoins and what is cryptocurrency. Via TV shows, Free meeting, and orientations that will teach the people.

Pursuer

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Quote from: mostkey on July 22, 2018, 11:48:56 PM

... the government did not make a messy situation where they mostly always wanted to ban the spread of cryptocurrency

don't confuse what you read in the news with what the government of different countries want to do.
the problem is, the bitcoin related news sites has always been so shitty. they just publish nonsense to increase their traffic. and making them exciting like saying a country is banning bitcoin is always a good click-bait thing where people visit and read. but there has always been small truth about any of them.

mostkey

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Costa Rica is very good at implementing a payment system using Bitcoin, as other countries do the same but some companies in every country, it would be nice if the government did not make a messy situation where they mostly always wanted to ban the spread of cryptocurrency reasoned price fluctuated high risk, or is it clear to recommend always using fiat as a means of payment, perhaps to make it easier to apply taxation? it may be dirty like corruption because the fiat is so easy, it will all run long and smoothly if there is alignment between cryptocurrency and local government, because the method of payment using Bitcoin is a good step for the future.

Dreamchaser21

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Quote from: ice18 on July 22, 2018, 11:22:12 PM

This only shows that Costa Rican government has very openminded when it comes to crypto we can see here how other countries will react with this adoption by government salute to the government officials of this country, the only question comes to my mind is if Costa rica can make it legal why others cannot? Maybe this government is transparent to its people unlike others.

Great move by Costa Rican government, making cryptocurrency legal is our dream of course but still there are some places have no final decision about cryptos but for sure they will follow the same footstep as Costa Rican government did. My only concern with this is that, the volatility is very high and they might receive a lower value that is not enough to sustain for their needs everyday, there's still a risk on this platform hope everyone is ready for that.

aileenc

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It may be a good thing or bad thing. Good thing is bitcoin will be more popular and thus, some people in Costa Rica will buy bitcoin. The bad thing is when the price of bitcoin is down, workers may suffer some losses because bitcoin is hold from their salary.

Topic: Costa Rica, Workers to Paid in cryptocurrency! - page 4. (Read 630 times)