If all your wages were paid in USDT, would you accept it? - page 2.

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Quote from: bettercrypto on May 21, 2024, 09:09:08 AM

Me too; if that stablecoin is USDT, there will be no problem for me either, because I can directly buy crypto at will if DCA does it. But for people who have a different mindset and are not crypto fanatics, of course they will not agree because they will still prefer fiat, and they will not see the opportunity of USDT when it is the salary that will be paid to them.

But in the reality of this era, are there any companies that pay USDT wages to their employees? I don't think I've seen or heard of anything like this, right?

As for the salaries of company employees in my own country, on average they are still paid using fiat, although I am also sure that there are companies out there that offer offers in terms of what salaries they want to pay. Because now there are many companies that are very sophisticated in terms of paying salaries to their own employees even though they also don't forget about fiat because that is still popular with many people nowadays. However, as we can see, each choice always depends on ourselves when there is an offer from the company itself regarding salary.

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Quote from: nelson4lov on May 21, 2024, 05:44:38 PM

My last job as in Technical integrations paid in stablecoins - not necessarily USDT but USDC. So yes, I can accept stablecoins for a gig since those stablecoins can easily be changed back to BTC on literally all crypto exchanges. But whenever payments are made in stablecoins, there's usually a fee that is charged by the payment processors — it's usually between 0-2% and you get your payment. I don't think it's a big deal if you're getting paid in any of the stablecoins as long as the stablecoin in question is liquid enough to be traded.

When you get money from the work you do using Stable coins, the company thinks well of its employees. Because not everyone understands the use of altcoins or Bitcoin. Even the very fluctuating price movements of Altcoins and Bitcoin make employees feel uneasy because when the salaries they receive are distributed there is a possibility that prices will collapse and the value of the salaries they receive will not match what was agreed. Meanwhile, when using Stable coins, the exchange rate will remain stable and in accordance with the initial contractual agreement.

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My last job as in Technical integrations paid in stablecoins - not necessarily USDT but USDC. So yes, I can accept stablecoins for a gig since those stablecoins can easily be changed back to BTC on literally all crypto exchanges. But whenever payments are made in stablecoins, there's usually a fee that is charged by the payment processors — it's usually between 0-2% and you get your payment. I don't think it's a big deal if you're getting paid in any of the stablecoins as long as the stablecoin in question is liquid enough to be traded.

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Quote from: armanda90 on May 21, 2024, 11:23:11 AM

Almost of online job payment using stable coins such as USDT for cryptocurrency and for influencer most of them receiving with USDT but trough PayPal account, I am so excited when receiving payment using USDT behind my local currency getting decreasing values and earned up to 3% until 5% bigger wages receiving comparison with my local currency. Last month, the values of stable coins USDT increasing drastically and worth it when payment of wage by using stable coins but today get decreasing few percent after my local fiat currency have positive change and make stable coins price getting down.
For foreigner having own local currency I think better wage receiving by using stable coins as USDT, but for their own local its worth or not behind how condition in their country such as US with USDT as the payment fiat currency.

Since you are really that pertaining or basing up with USD value on which USDT is following then it doesnt matter which one of the two that you are accepting because you would really be simply basing up on the local currency that you would really be needing up to convert. If you are really that pain in dollar form but still sticking on how much you do earn locally then it wont really be that much of difference
because if we do speak about USD movement its price against local currency then movement isnt really that much or something that would really be stellar for you to be able to make yourself
that basing with a stable coin movement of price. Dont know on why you are really that 3-5% is really something that would be good for you considering local currencies doesnt move that
much, if they do then it does take a while before it would be having that kind of movement- nothing special.

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Almost of online job payment using stable coins such as USDT for cryptocurrency and for influencer most of them receiving with USDT but trough PayPal account, I am so excited when receiving payment using USDT behind my local currency getting decreasing values and earned up to 3% until 5% bigger wages receiving comparison with my local currency. Last month, the values of stable coins USDT increasing drastically and worth it when payment of wage by using stable coins but today get decreasing few percent after my local fiat currency have positive change and make stable coins price getting down.
For foreigner having own local currency I think better wage receiving by using stable coins as USDT, but for their own local its worth or not behind how condition in their country such as US with USDT as the payment fiat currency.

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Quote from: shanhaigamefi on April 24, 2024, 04:34:25 AM

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

I would have loved my wage paid half in fiat and half in USDT as I'm going to invest half of my salary on crypto anyway and USDT provides the flexibility of buying. I need the rest in fiat so that I could invest them in other sectors or use them for my needs and wants. There are several services that accepts USDT or crypto in real life. Can buy flight tickets, book rooms and buy gift cards, yet they are not everywhere and still cash is needed for daily transactions.
I happen to get enough extra incomes these days that enables me not to touch my salary and can live with getting all my salary in USDT as well but it's not good to put all your eggs in same basket.

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Quote from: senyorito123 on May 15, 2024, 05:50:45 PM

Quote from: shanhaigamefi on April 24, 2024, 04:34:25 AM

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

That's not a problem for me if some sort of online job paid me usdt, I saw this coin as stable and with minimal fluctuations only unlike crypto which suddenly decline it's price with huge percentage. Stablecoins like this has come the era of being widely adopted by many, particular with exchanges and their mode of buying an asset is through usdt. Without this coin, I don't think so it would be easy to handle fees for every trader, overall thanks to this coin most people benefited from this regardless of what network.

Me too; if that stablecoin is USDT, there will be no problem for me either, because I can directly buy crypto at will if DCA does it. But for people who have a different mindset and are not crypto fanatics, of course they will not agree because they will still prefer fiat, and they will not see the opportunity of USDT when it is the salary that will be paid to them.

But in the reality of this era, are there any companies that pay USDT wages to their employees? I don't think I've seen or heard of anything like this, right?

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Quote from: justdimin on May 14, 2024, 06:53:04 AM

Honestly it has been years since people said that, and nothing happened, not sure if it will happen anytime soon neither. I think it is quite obvious that we are going to get something bigger here, and USDT isn't the issue at that moment, nobody said that you have to use it as well, it just says getting paid, so if you are worried that much, just get some bitcoins for it.

Plus, it would help as well because there is a likeliness that your employer got USDT directly, and you are paying it to get more bitcoin which would make the price of bitcoin go up as well. I would say that is a good thing and should be considered as a benefit. That isn't always easy, but it would be pretty good for the market overall as well.

This is true, if you approach it this way then you are going to do better and unfortunately a lot of people will reject that offer because there is a good chance that a lot of people will end up with nothing at all, and because of that people lose jobs. It is clear that people should accept these offers but they just don't and that is why they are doing badly, if they knew that they could just ignore the payment method and just have whatever they want, it would make so many job offers a lot better.

Unfortunately there are a lot of people who do not see it that way, and because of this they end up with a lot of trouble in the end. I believe that as long as we get to see how we could focus on what we could do about it, that would be greater.

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Quote from: shanhaigamefi on April 24, 2024, 04:34:25 AM

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

That's not a problem for me if some sort of online job paid me usdt, I saw this coin as stable and with minimal fluctuations only unlike crypto which suddenly decline it's price with huge percentage. Stablecoins like this has come the era of being widely adopted by many, particular with exchanges and their mode of buying an asset is through usdt. Without this coin, I don't think so it would be easy to handle fees for every trader, overall thanks to this coin most people benefited from this regardless of what network.

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Quote from: bittraffic on May 13, 2024, 10:55:08 PM

Quote from: OrangeII on May 13, 2024, 09:54:47 PM

if USDT is still a stable coin, then I accept it. When you are afraid of the fluctuations that occur, you only need to sell them when you have received your salary. However, I think receiving a salary in USDT is not bad. This can be a quick way to invest in other coins without needing to make another deposit. Apart from that, I also feel that receiving a salary with USDT is probably almost the same as receiving a salary by transferring via ATM.

Seem no problem with receiving a salary in USDT after all you can trade it for local currency or BTC if you want as well. I'm having doubts about whether there are companies these days that do this though. Because transferring USDT to several people regardless of which network to use will still need some funds for transaction fees. The cheapest I think is the TRC20 which is 13TRX which still is worth $3.xx. Imagine the cost of a company with 100-200 employees.

It's basically the same as getting your salary in USD, but with way more options. Sure, the price can go up and down, but if you swap it fast for your own currency or a different crypto, it's no problem. Someone mentioned the fees, and they're right. But banks aren't free too. Plus, with all the new tech, those USDT fees are bound to get lower. Actually, I know some companies already paying their staff in USDT. It's not super common yet, but it's growing. So yeah, I'd definitely take my salary in USDT. It feels like we're moving towards a better financial system. Maybe we'll all be paid in Bitcoin one day, who knows?

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Quote from: GideonGono on May 14, 2024, 06:47:04 PM

I would love that to happen, but if it does that only means that most people already accepts crypto as a payment method.
I also think that it would help me save and invest more, I could avoid the transaction fee when converting my Fiat into crypto, it would also help me spend less, I have a tendency to overspend when I have cash, I would spend more than what I needed (e.g when buying groceries or going out).

Also do I since I know how to use it for investment and there's no need to pay some fees just to convert my fiat to crypto since everything is already there if we could able to receive our salary in USDT form.
But I don't think its applicable to anyone knowing that eventhough USDT is stable coin there's still a risk for acquiring it since the same with other supposed to be stable there are chances that the value of it will decline due to unforeseen circumstance like legal issues or self inflicted issues like exit scamming which possibly could happen.

So before this acceptance of USDT or maybe even other crypto as salary it needs to have good adoption and also education so people so that they would not get surprised for anything would happen on their accepted assets and they could able to decide well on what are the things needed to do with the coins they receive.

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Quote from: GideonGono on May 14, 2024, 06:47:04 PM

I would love that to happen, but if it does that only means that most people already accepts crypto as a payment method.
I also think that it would help me save and invest more, I could avoid the transaction fee when converting my Fiat into crypto, it would also help me spend less, I have a tendency to overspend when I have cash, I would spend more than what I needed (e.g when buying groceries or going out).

It was not because of fiat, you will spend more, and crypto you will spend less. No, it was your spending habit that was wrong.
The main reason why the majority choose fiat money instead of receiving salary in terms of BTC is due to the community is not yet ready to accept BTC payment. Of course, it makes no sense to have it if you can't spend it directly when you go around and buy stuff. If you are not a techy person, that will be a sacrifice on yourself since you need to convert it into fiat money and the chance is paying for extra fees. In the end, the use of fiat money is still comfortable and we need not worry about how to keep safe our funds.

But still, I encourage people to slowly adapt this technology because sooner or later, this will play a big role in the community and might give us no other option.

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I would love that to happen, but if it does that only means that most people already accepts crypto as a payment method.
I also think that it would help me save and invest more, I could avoid the transaction fee when converting my Fiat into crypto, it would also help me spend less, I have a tendency to overspend when I have cash, I would spend more than what I needed (e.g when buying groceries or going out).

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Quote from: justdimin on May 14, 2024, 06:53:04 AM

Quote from: dansus021 on May 13, 2024, 08:29:45 AM

Like the other said there is risk that USDT or other stablecoin are going to de-pegged but I still accept it at least for now because transferring USD and withdraw to my local fiat is costly and is not easy, Transfer via Paypal is sometimes tricky because they can freeze your account anytime.

So If all your wages were paid in USDT, would you accept it? Yes but Im gonna convert it into my local fiat or other crypto to reduce the risk being de-pegged tho USDT now is to big to fails if there is something going on with USDT it gonna shake the entire crypto ecosystem more than FTX and Luna I believe

Honestly it has been years since people said that, and nothing happened, not sure if it will happen anytime soon neither. I think it is quite obvious that we are going to get something bigger here, and USDT isn't the issue at that moment, nobody said that you have to use it as well, it just says getting paid, so if you are worried that much, just get some bitcoins for it.

Plus, it would help as well because there is a likeliness that your employer got USDT directly, and you are paying it to get more bitcoin which would make the price of bitcoin go up as well. I would say that is a good thing and should be considered as a benefit. That isn't always easy, but it would be pretty good for the market overall as well.

There's no way on when it would happen because there would really be those sudden news or fundamentals on which it would really be causing up such depegging out of those stable coins just like on what happened on that USTC. If ever there would really be that risks or event of depegging on which you could really be still be able to get out since there would be still a duration for you on doing so. This is why i dont see this to be that much of a risks if you do keep your money on stablecoin but of course you would really be needing to be attentive on whatever updates that might the market have because making yourself outdated
which causing up with those kind of missed information of crucial events on which it would might cause that loss of money.

If ever there would be such changes into the company on what are the new payment terms or integrations then just like been said by others that you wont really be having no choice
but to deal and accept it. You wont really be making any objections on what your boss is really that trying to changed up.If it turns out to be an option then its good but if not then
you dont have no choice but to deal with it.

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Quote from: dansus021 on May 13, 2024, 08:29:45 AM

Like the other said there is risk that USDT or other stablecoin are going to de-pegged but I still accept it at least for now because transferring USD and withdraw to my local fiat is costly and is not easy, Transfer via Paypal is sometimes tricky because they can freeze your account anytime.

So If all your wages were paid in USDT, would you accept it? Yes but Im gonna convert it into my local fiat or other crypto to reduce the risk being de-pegged tho USDT now is to big to fails if there is something going on with USDT it gonna shake the entire crypto ecosystem more than FTX and Luna I believe

Honestly it has been years since people said that, and nothing happened, not sure if it will happen anytime soon neither. I think it is quite obvious that we are going to get something bigger here, and USDT isn't the issue at that moment, nobody said that you have to use it as well, it just says getting paid, so if you are worried that much, just get some bitcoins for it.

Plus, it would help as well because there is a likeliness that your employer got USDT directly, and you are paying it to get more bitcoin which would make the price of bitcoin go up as well. I would say that is a good thing and should be considered as a benefit. That isn't always easy, but it would be pretty good for the market overall as well.

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Quote from: bittraffic on May 13, 2024, 10:55:08 PM

Quote from: OrangeII on May 13, 2024, 09:54:47 PM

if USDT is still a stable coin, then I accept it. When you are afraid of the fluctuations that occur, you only need to sell them when you have received your salary. However, I think receiving a salary in USDT is not bad. This can be a quick way to invest in other coins without needing to make another deposit. Apart from that, I also feel that receiving a salary with USDT is probably almost the same as receiving a salary by transferring via ATM.

Seem no problem with receiving a salary in USDT after all you can trade it for local currency or BTC if you want as well. I'm having doubts about whether there are companies these days that do this though. Because transferring USDT to several people regardless of which network to use will still need some funds for transaction fees. The cheapest I think is the TRC20 which is 13TRX which still is worth $3.xx. Imagine the cost of a company with 100-200 employees.

well the transaction fee required in various of blockchain excluding eth are usually just so small it doesn't really matter i mean the company can just send out some really small amount of native coin used to pay gas just substracting from the salary it won't be a big deal since its probably just a few cents or the company themselves can just give it to their employee since paying salary through bank transfers usually also requires fee anyway.
other than that in the blockchain of layer 2 usually there exist capability of paymaster where you can swap and pay the fee with the stablecoin, so you can swap your salary that is in USDT a little bit to native token used to pay gas and you're set.
its easy actually, but complexity of technology i guess is what keeps people from using this for paying salary to their employees.

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Quote from: OrangeII on May 13, 2024, 09:54:47 PM

if USDT is still a stable coin, then I accept it. When you are afraid of the fluctuations that occur, you only need to sell them when you have received your salary. However, I think receiving a salary in USDT is not bad. This can be a quick way to invest in other coins without needing to make another deposit. Apart from that, I also feel that receiving a salary with USDT is probably almost the same as receiving a salary by transferring via ATM.

Seem no problem with receiving a salary in USDT after all you can trade it for local currency or BTC if you want as well. I'm having doubts about whether there are companies these days that do this though. Because transferring USDT to several people regardless of which network to use will still need some funds for transaction fees. The cheapest I think is the TRC20 which is 13TRX which still is worth $3.xx. Imagine the cost of a company with 100-200 employees.

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Every organization has certain rules and regulations and that organization is limited to stay within certain rules. Most of the organizations use bank account as a payment system at the end of the month those organizations pay their salaries to the bank accounts of their employees. If a company has a rule that they pay their salary through USDT and if the users accept it then that may be the case but as far as I know most payments are usually made through banks. If you have a business organization where a number of people will work under you, you can pay them through USDT as the rules will be made according to your rules.

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if USDT is still a stable coin, then I accept it. When you are afraid of the fluctuations that occur, you only need to sell them when you have received your salary. However, I think receiving a salary in USDT is not bad. This can be a quick way to invest in other coins without needing to make another deposit. Apart from that, I also feel that receiving a salary with USDT is probably almost the same as receiving a salary by transferring via ATM.

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Quote from: Adbitco on May 13, 2024, 11:52:21 AM

I don't trust USDT neight any other currency apart from bitcoin and if was paid with usdt the only thing i would do is to convert or trade to bitcoin to enable me trust the asset that I am holding, most times these currencies that is tied under United State Dollar could have the tendency to decouple or depegged whereby you would lose your entire asset.

When it comes to cryptocurrency, nothing is an absolute and that's why we shouldn't put all our eggs in one basket. I'm concerned too, from the way things are going with regulations and various nations breathing down hard on cryptos that at some point these nations may float their own stablecoins. That will cause a strong rivalry with already existing ones. Regulations also can force stablecoins to depeg and that would be chaotic in the market. This is more likely to happen than not happen.

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