Topic: Employees can get salary in Bitcoin in Miami - page 2. (Read 508 times)

The main issue right now with this salary using bitcoin, is if the employer adds the exchange rate from BTC-USD in their paychecks, cause if not, then I would rather have a fiat paycheck than btc, as we know that btc is very volatile and as soon as the paycheck come, price can crash.

It seems like a great movement for the crypto community to be recognized by many people, that country who will do that thing will be benefited in the future because as of now for sure they are learning the world of cryptocurrency because they will get paid for bitcoin soon. This would be a beginning of mass adoption, there should be something or someone who will need it to start and for sure a lot of people will do the same.

I hope that you are right, because when this bull run ends and a dump season starts, people will be looking for the one who is at fault and knowing how a government/politics work, they will be looking for an scapegoat. I can see this adoption going at a state level but at federal level, the path that they are going to take will be the eye of a needle which means that a lot of thing will need to be considered and a lot of people will be giving their opinions about this adoption and some of them will not be agreeing for a federal level adoption. I don't think that Yang will have a chance, not at this current climate in America where racism becomes rife more than ever again, if he were to win, I would agree that he will be in favor of bitcoin because a good businessman always go for what makes the more money.

It's a step towards mass adoption. I predicted at some point in the future localities will start issuing out bitcoin payments in some form before it's adopted on a federal level. If mayors can get the ball rolling, governors will back bitcoin, until it's used on the federal level.

Andrew Yang was a Presidential candidate in the US 2020 elections, felt he would have been the most pro-Bitcoin President had he won.

This would be a tremendous advantage for the employees and could be essential to riches in the future. You can never expect what the price of Bitcoin has in the future, but building something small and waiting for it to grow would be fulfilling. I mean, maybe if they have somewhat a payment plan or salary plan that they would receive a portion of their pay directly into BTC and still utilize how they are getting paid at the current time.

I just thought that if the handler of their payments made a mistake on transaction fees. They might regret having their pay in BTC. (If they badly need it right away)

This is good news,however getting salaries in BTC won't be mandatory and the employees will have a choice.
I wonder how many of the employees will choose to be paid in BTC?Not that much,if you ask me.Probably lees than 10%.The rest of them probably don't want to deal with Bitcoin price volatility,having a BTC wallet and selling BTC to fiat,storing private keys and etc.
This is a step in the right direction,but I don't expect mass BTC adoption to happen overnight and I don't expect the majority of the people to embrace Bitcoin with arms wide open.

Hoping that most of the countries should adopt this because instead of fiat, some people prefers to have bitcoin as their salary.

Employees who are familiar with bitcoin or who are also an investor of bitcoin will surely work harder when they know that their company is using bitcoin as their salary.

If this financial payment system will be implemented in most of the businesses or companies then it is really true that bitcoin is our future.

It is increasingly seen that The Miami major Francis Suarez is a Bitcoin enthusiast, because his policy as Miami major has always supported Bitcoin.
Prior to major Francis Suarez planned to use public funds to invest in Bitcoin. It is now even possible for employees to get payrolls via Bitcoin in Miami.
I am very happy if in my country there is a major who dares to do the same, by creating policies regarding salary payments with Bitcoin. So it's no
wonder what major Francis Suarez planned to get a lot of praise from Bitcoin supporters.

Indeed, a lot of people are into crypto day by day knowing that this could be more helpful easier to use than fiat money. Well, that Miami giving a way that other states in the US will do the same and fully adopt Bitcoin.
What happens now gives some insights that we are moving into a new generation, it is so much grateful that one city has started already.
I was thinking also if someday I'll be receiving some BTC from my employer

It is somehow we will be expecting more good news to come in crypto adoption. We are heading for better and more adoption. Can't be happening just a day, will wait years to see these things compiled.

You said it yourself, the thought alone that one can get salaries in BTC can simply excite a common supporter of bitcoin like us, and since this should get positive feedback, the passing of this ordinance should be a quick and painless process. Plus if the mayor made sure thst this is only for those who are willing, this will boost up people's opinion on bitcoin and would accept it as time goes by.

To know that more and more people are slowly accepting cryptocurrencies in theur daily lives goes to show that the global adoption we are all waiting for may come sooner than expected. People are now seeing the wonders of cryptocurrencies and how useful it is to the society, now we just have to see how this would pan out in the long run.

Props to the mayor too, he definitely made a great choice as this doesn't only allows his employees to know more about cryptocurrencies, it also jumpstart their investment journey. Every revolutionary idea receives skepticism, so it's no wonder people may retaliate from this but as time goes by, and as soon as this is passed, it's gonna go uphill from then on.

So glad that there are a lot of people that are supporting bitcoin and would such lengths for people to recognize the great innovation that bitcoin could bring. Based on the articles it is not just bitcoin but there are some of the crypto currencies as well. I never thought that Miami would be a haven for bitcoin and crypto currency as a whole.

The topic is misleading. They are considering it which doesn't mean you can get a salary in bitcoin.
Don't get too excited people!

It's a great idea.
There will be an opposition from people who think investing is gambling and they will surely treat this like these people are betting if their salary will be higher or lower next month. I hope the government is smart enough to ignore this and proceed with the plan.

This is just amazing. I wish I was living in Miami or working there. I hope other countries will take a leaf out of Miami's book and start doing this.
BTC is soon going to become world currency.

In which state did this become possible? There are a lot of Miami Cities around different states but I'm thinking about Florida for this one since there is a great number of business districts within that state and it is possible for them to really do this kind of thing since they want to advance their lifestyle within their place of living. Its also another great example which different states can follow and then might caught the eye of Central Government which would now be a way for them to research about it and utilize it in a way that would benefit a lot of users and new people learning it.

Since this is a  free will, there is nothing wrong with it. I think employee should realize what he wants to do with his funds and think twice why he wants to receive funds in bitcoin and how he is going to manage those funds. For example, if someone has Crypto.com's card or Coinbase or others, they can receive their salary in those accounts, spend crypto without high fees and get rewards for spending. I think this is very nice.

Btw this is a great news. You know, one action is always followed by another and this kind of step is a signal that in near future adoption will dramatically increase.

This is good and encouraging as it shows that Bitcoin is growing and breaking barriers, and for the Mayor of Miami to consider such means soon others will start asking questions and probably knowing more about Bitcoin because doing such also means more publicity for Bitcoin. Also, to make it more interesting, he didn't impose but rather gave them an option, an option that will make them to learn more about Bitcoin and even though they might not buy the idea at the onset, but gradually they will. Furthermore, this year is already looking good and we will succeed in seeing Bitcoin reach new heights because it obvious the world is waking up and seeing it neccessary to adopt Bitcoin; people who really understands good advancements like that of Bitcoin are paying attention and casting their support the best way they can, Mayor of Miami is a good example.

Goodnews indeed. But that might be because the company itself is well aware of its potential and is into such technology unlike the other businesses who are in doubt with the advantages of using cryptos as mode of payment. What's best is that, this company is not forcing its employees to do so, meaning, they have options not to if they are not really into cryptos. Hoping that someday, more companies will be doing such thing. I would prefer this as an alternative if I would be an employee to a etablishment making such offer, because this will also show care to their employees, giving hints of possibilities to make their money grow.

It is made possible if someone like Francis Suarez will back it up all the way until it was implemented so I think that was a really smart move for Miami City to pay employees with Bitcoin but still follow the rules and regulations provided by the Miami authorities or their central bank. Convenience is really one of many factors affecting the acceptance of crypto payments most especially in this time of pandemic.

This is a little different you are right that there has been many times that a company has delivered the salaries of employees but this looks like the state of Miami are making the move and greenlighting it rather than the companies in Miami. This could bring better opportunities to that state just because it will invite those that want to get paid in Bitcoin which might just bring in more qualified people because Bitcoin is still probably labelled as a technical profession and therefore it has a higher amount of technically skilled people than the average currency does. Not only that it might bring better tax implications in the future. Where I live Bitcoin taxation can be difficult to understand because of the amount of misinformation that is being circulated but if Miami are accepting it on a state level that might mean that Miami because a more friendly state to Bitcoin overall. This might go the opposite way too and they might imply more extreme taxation on salaries which are being paid in Bitcoin which could hurt the image of Bitcoin overall and get it labelled as a currency which not only has more expensive fees but more expensive taxation associated with it.

This is in theory but this is different compared to the past where companies have been giving the option to get paid in Bitcoin which didn't have the opportunities that this announcement could bring in the future.