Topic: Domino's franchise offering salary to employees in bitcoin!! (Read 295 times)

that's good to hear, that bitcoin's use is becoming more larger and larger as the time goes by, i hope for the future that the use of bitcoin will propagate more and will take its stage on the world economy. but for now seeing things like this makes me happy and proud. as more people use bitcoin the more chances it becoming one of the few cryptocurrency that the world market will recognize

The popularity of Bitcoin is indeed increasing and some companies are starting to consider paying employees salaries with Bitcoin. But the fact is
that there are still very many people who don't know Bitcoin, so I agree with your opinion, it is possible that not many employees agree to accept
payments with Bitcoin. Moreover, employees who do not have a large salary, difficulty holding Bitcoin in the long term. I suggest if any company
wants to offer salary payments in Bitcoin, should be given the choice of the employee, whether to accept payments in Bitcoin or fiat. It could also
before imposing salary payments with Bitcoin, the company provides education about Bitcoin first, because there are still many people who
do not understand Bitcoin.

The headline looks catchy, offering salary to employees in Bitcoin but what i would like to know is how many employees are taking this offer and accepting Bitcoin as a payment method. I am pretty sure that majority wont be taking their salary in Bitcoin and on top of that it is not a high paying job as far as i know to have a huge bank balance so that they can hold them for the long term  .

I'm sure the employees that don't take the Bitcoin, will take it into consideration after talking to their colleagues some time in the future, when these will tell them the value of the BTC they earned.. 

Sure thing and take into consideration for those employees which doesnt have knowledge nor being aware on bitcoins existence which will definitely choose up fiat without any doubts but somehow this kind of act by

the company will surely make out some curiosity about bitcoin which would really be sparking up additional recognition or interest for those people around which i do still consider to be a good step that the company
had taken.

Even though it wont really be that much effective but at least they do really have some option to take specially to those who are minding about investment and do risk out on accepting
crypto as their salary.

I read many people worrying about the volatility, but I think the company made a very good decision that protects their employees:
They only get in BTC anything above minimum wage. As the name implies, even if the BTC part of their salary went down or even to complete 0, the remaining fiat portion of the salary is still, well, the minimum wage, so something that people should be able to live on. So the company isn't putting the employees at risk imho.

And sure, the Bitcoin price sometimes drops by 50%. But in the long run it's a damn straight line upwards, so what the employees which opt in are doing, is DCA'ing every month automatically, which is a great idea.
And if they really need to touch those BTC funds short term, they can either sell a portion on an exchange again or just buy Bitrefill giftcards for their local grocery store, Amazon, clothing shops etc. or use a BTC credit card.

It's not uncommon to even receive 50% or more of your salary in Bitcoin in the U.S., since they have services which allow employers to pay in regular bank transfers, but the employees receive all BTC or part BTC, part USD.
And they don't just HODL that BTC either, but also use it in shops that allow Bitcoin payments and through services like Bitrefill and Lastbit, for example.

I am not sure how many employees will actually take salary in bitcoin because of the volatility, but I like the positivity around bitcoin. People have shown immense interest in bitcoin since the timw lockdown kicked in and it is only growing till date. That's what it matters the most. It's really not much important how many employees are actually using this facility but it is important that a business entity is considering bitcoin as a store of value. Bankers have been resisted this to happen since a long time. It seems less number if people are trusting bankers on their financial mattera. From this perspective, its a win for us!

My employer gave us a choice.... You tell them what percentage of your salary ..they should pay out to you in Bitcoin (No other coins) ... and I prefer it that way, because I buy bitcoins every month.. so if I do it or they do it... it stay just the same.  

This actually stimulated a lot of interesting stories of people who never saved a single dime in their life ...and now with this incentive, they started saving for the first time. (Some even as small as $50 to $100 per month)  

Some of these people have been using their bitcoins to buy lunch at the Cafeteria, because the employer has also started accepting Bitcoin as a payment method for the Cafeteria. (Lightning Network payments) 

The adoption of bitcoin needs to be implemented in the local store to work in one country. Otherwise, the employees still need to convert their bitcoin into local fiat money before they can use it to buy their daily needs.

It will take attention from the government to ask the company related with the payment in bitcoin for their employees because their employees need to pay tax and I am not sure that the country is ready to calculate the tax.

But if that can give work successfully, maybe that can be a new model for other countries to integrate their employee's payment using bitcoin.

Sounds nice and interesting article and news about to paid in bitcoin by just working in a Pizza Restaurant this is a good thing for their employee to be pay by bitcoin because they are paid at the same time they can invest it to make a huge profit from their salary it is a two times benefits salary at the same time investment. Hope it will happen too in our country soon hehe.

Sounds nice at a glance but I just checked and dominos in local areas near me do not have anything of the sort,,, they even do not allow you to pay in BTC so I really do not see how they even pay salaries in btc.

I know, the news is just for one branch or one franchisee or whatever it is called.

So nothing big after all right?

This depends on the type of currency that will be used as a measure, if the full payment is in the form of Bitcoin with a fixed amount, then I think this will be a problem, as your own interrogative sentence
I think for now the full implementation of salaries in the form of Bitcoin is still too early. Unless done by:
(1) Giving the amount of their salary still calculated with Fiat but paid in Bitcoin, then it is the employee's sole right and responsibility to keep or exchange their Bitcoin salary. This is because the value of the price of necessities in many countries still refers to Fiat, If price volatility occurs, both the company and the employees can harm each other. When the price of Bitcoin goes up, the company has to spend more Fiat to pay employee salaries, and employees make big profits, on the other hand, if the price of Bitcoin when payday drops drastically, then employees will lose because their Fiat needs remain, but get their Fiat from Bitcoin much reduced

(2) Does not violate existing regulations in the country. Most countries still have not fully regulated Bitcoin as a means of payment. Of course, this will be a legal problem if forced to pay salaries using Bitcoin.

(3)There are many merchants and legal who are willing to accept payments in Bitcoin.

Now as time goes by, more and more companies and fields accept Bitcoin and Bitcoin as payment methods and use Bitcoin to pay employees' salaries. I am very happy to see that these institutions can choose Bitcoin. I hope that more and more companies and institutions will recognize Bitcoin in the future, so that Bitcoin can be widely used worldwide.

I think the crypto enthusiasts in this company are very happy to hear this news. As a working class, I also exchange part of my salary every month and exchange it for usdt. If the salary is directly paid in Bitcoin, I don’t have to Pay the extra handling fee.

The use of Bitcoin is on the rise. The popular population is also increasing.
Now many elderly people are constantly learning Bitcoin knowledge and will also use Bitcoin to pay.
There are already many companies and factories that use cryptocurrency as wages.
After this good news, more and more companies will definitely consider cryptocurrency as a salary payment.

If I understand correctly, this applies only to those in the franchise in the Netherlands, and only to the excess beyond the minimum salary? Also, if it says they can convert a part of the salary into Bitcoin, I assume it means they receive it in fiat, but then there is a mechanism of converting it at the place of their employment or a bank to which their salary cards are linked? I wonder how this will work in practice, whether it will have additional tax implications or at least bureaucracy attached to it, and how many people are actually going to be interested in this opportunity.

The idea is really great and we hope to see the spread of such practical applications to use Bitcoin everywhere, but I see that it is impractical at the moment due to the difficulties that the Bitcoin network is experiencing due to the problem of high fees and delays in transaction time, employees will not be happy when they see an important part of their salary Turns into a fee!! But on the other hand, they will be very happy to see Bitcoin rise to new highs.
What I mean, there are negatives and positives in applying such ideas to the use of Bitcoin, but of course I am with the spread of such ideas because this helps us a lot in overcoming the existing problems and finding solutions to them.

Talking about bitcoin is how it starts in the first place, they hear about it and they get curious and look for it themselves and learn about it. I hope that more companies adopt this strategy in the future.

I appreciate all the companies that adopt Bitcoin,but we shouldn't pay much attention to this news.
A company with 1000 employees allows them to get a relatively small part of their salaries in Bitcoins(only if they want to).Damn,such massive BTC adoption will bring the BTC price back to 60K for sure!
This happens,only because the company CEO heard some employees "talking about Bitcoin".  This is hilarious.

Since they're going to have the option to receive their excess salaries in BTCitcoin, then it's safe to say that those who opt for it, probably have the basic knowledge when it comes to how BTCitcoin transactions work in general or rather how they should deal with different mempool scenarios.
^{- Long-term hodlers would probably face more problems than those that spend it right away.}

Adoption like this one has been going on for years now and let's hope that they won't gonna change their mind and stop this one of the biggest contributions to the bitcoin revolution. One of the good things is, there are lots of companies are offering such thing compared to the recent years. maybe because the big companies keep making their own contribution to implement bitcoin on their platform and at the same time they will take advantage to earn from this new innovative way of payment.

Well, if there is an opening...but a little less than what the adoption really means, I think you can not generalize in the sense of what the adoption really means, but we must always be positive and Yes!! the acceptance or noise made by Bitcoin has better "quality" today but taking that analogue in the thoughts, we did not even come to Stereo sound, we are still on frequency monophonic, is reality.

But at least we still sound after so many years. Although the salary is not the best alternative to make that transition in which the bitcoin is an alternative of money, but if the one who implements it makes it clear its volatility and who accepts the condition understands it, it is undoubtedly an alternative.

Not to be that much in a positive emotion but nothing is assured when it comes to future because we dont know on what future brings and what would happen to bitcoin but having these kind of option on where you can possibly get some bitcoins directly into your salary then its really an opportunity for someone to deal up with it and its really good to see these kind of recognition on some merchants or companies
whom do consider on giving out these integrations which will give out some options for its employees to choose on.Hopefully this thing will really be spread out globally
on where companies will be giving out this kind of option whether you do accept fiat or bitcoin into your own salary.

Nice sentiment, but sounds like a bloody nightmare to manage

these employees should be grateful for the choices their superiors have given them
I really hope the company where I work gives me the opportunity to choose salary payments to be paid in Bitcoin or fiat

rarely does a company provide its employees with this kind of good opportunity
providing salary options with Bitcoin provides an opportunity for employees to save indirectly for their future

Adoption is slowly coming into reality as days pass by. We can expect more and more establishments and companies to implement a similar feature for paying their employees in the following months, or years given time. But then again this is but the first step towards global adoption, and we would need more of these in the future if we want bitcoin to be accessible and accepted by the general public.

I think it is great that they are doing it for their employees who are into cryptocurrency.
If I would ever have a 9:5 job I also want my salary to be paid with crypto or at least half of it so I wouldn't need to pay for the transaction fee of converting it into Fiat.

This is why the employer will only convert the extra income, if you go beyond their minimum wage. They are not totally converting their salary to bitcoin as they gave a condition before converting your income to btc. I believe, that's fair enough. If you are earning more than your basic needs, you have the chance to acquire btc, but you need to accept the risks involved. Hope to see more of this kind of initiative from other popular companies. This will further drive adoption in the crypto community.

I love seeing good news like this considering how much more adopted is Bitcoin getting and it is good that more and more employers are offering Bitcoin as payments. But I could only see young people choosing this over conventional type of payment - if they don't depend on the money made and want to invest in Bitcoin. Older people or employees who make a living and depend on that salary surely wont take Bitcoin since you can't use it everywhere and the price is volatile and if you cash out there is no point getting payment in BTC. Nevertheless, not a bad concept and it's good for making it easier to invest for people who want to.

Surely this is something the bitcoin community around the world want because the increased adoption is a sign that bitcoin has become accepted in many circle. Maybe the problem later will be the transaction fee, because basically bitcoin transaction fee can increase at any time if the network is too congested.

Maybe transaction fee are not a problem for them as a large company, but in practice many middle and lower class people are still reluctant to adopt bitcoin as a mean of payment.

Yes this was the statement by the franchise official that only portion of the salary of workers which exceeds the minimum payout of the Netherlands can avail this benefit and convert it to bitcoin.But at current this is only for Domino's worker who are working under their subsidiaries.The salaries of workers differ like Manager and pizza maker have salary deviation but whatever is exceeding minimum wage rate can be converted to bitcoin.

This is revised pay scale for Netherlands I found on Google:



But it sounds interesting that they can convert extra income to bitcoin to generate extra huge profits for them in the long run if they hold it.

I would work a *secondary* job for bitcoin as a way to accumulate more BTC.

As long as electricity companies and supermarkets don't take BTC I can't pay my major bills with it, so a primary job still has to generate fiat currency like euros or US dollars.

Bitcoin can destroy fiat currency if more and more mainstream establishments like electricity companies start accepting BTC.
Then people might seriously consider taking their paycheck in BTC.

The real-time usage of bitcoin on different needs keeps increasing with time. The chain of network accepting bitcoin into the business is really a big milestone. Earlier we've seen more number of chain of franchises accepting bitcoin and paying in terms of bitcoin. These networks didn't make the payment gateway more popular, because they didn't get the expected users. Hope this serves as a base and a change.

I believe what you are trying to say is that only employees that are paid more than minimum wage can participate in the program, and that only the portion of their wage that is in excess of the minimum wage can be converted to Bitcoin through this program.

For someone who works, for example, 9 hours per week, they will be able to put perhaps €5 per month into bitcoin. On average, people would be able to put maybe €5 to €250 in bitcoin from their salaries.

It's good to see the positively around bitcoin in this turbulent time. I doubt if anyone would actually go ahead and accept this offer though unless he/she has a super risk taking appetite. Salary is something, that takes care of your bills and regular expenses. Gambling with salary might land people in troubled waters.

But what impactful is that the willingness of the company here. No matter how many employees would like to gamble but the opportunity matters.

The Bitcoin demand and popularity is rising these days and we came across many institutions and government who are having positive approach on Bitcoin acceptance and it is becoming mainstream and mode of payment these days.

Just recently a renowned restaurant brand Domino's franchise Immensus Holdings has announced that it's employees can get paid in bitcoin in Netherlands.But there is catch in this salary payout that the employees who are getting paid more than average payout of country can convert their extra income into Bitcoin.


They have more than 16 branches and more than 1000 employees working with them who can avail this offer and it was announced on Bitcoin Pizza Day.


It is cool to see such things happening with Bitcoin and it's acceptance increasing but the main point is that if they hold it as investment for long term they can have huge profits but what if they want to make transaction and buy stuff with it and higher transaction fees became issue for them as workers might not want to pay higher amount in fees only with small amount of Bitcoins.

Your opinons on this?