If you can get paid through cryptocurrency, do you still choose fiat currency? - page 10.

ven7net

full member

Activity: 1946

Merit: 112

Quote from: EvieLannister on July 27, 2021, 12:00:19 AM

Quote

Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.

Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

In my life, I use fiat currency to buy goods and services, and in my region it is unlikely that in the near future they will accept BTC for payment, for example, in stores. However, to earn money, I chose a job where they already pay with cryptocurrency. I think that this type of salary is pretty good, because if you receive a salary, for example, in BTC, that is, it is unlikely to just keep BTC and end up getting even more money. Personally, I choose to receive my salary in cryptocurrency.

shield132

hero member

Activity: 2198

Merit: 847

It really depends on a lot of things. If you are an active trader and use trading platform that has debit/credit card available in your country with good benefits and terms (like Binance Visa Card with low ATM fees and good cashback), then without a doubt it's better to choose the payment in bitcoin. But if you are a person with no interest in bitcoin or cryptocurrencies, then I see no idea why to choose it over fiat. At least we all buy things in USD or pay the USD equivalent amount in Bitcoins.

Since I trade and Binance card is available where I am right now, I would prefer crypto payments.

Quote from: EvieLannister on July 27, 2021, 12:00:19 AM

Do you think cryptocurrency payment will be a new trend in the future?

Who knows, cryptocurrencies are still unpredictable. They may be the option but not the way they are represented right now. I hugely doubt that governments will let decentralized cryptocurrencies to become a trend.

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

Quote from: EvieLannister on July 27, 2021, 12:00:19 AM

Quote

Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.

Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

I think instead of receiving full payment in bitcoin, I might receive partial payment in bitcoin and receive the other half in fiat. For me, I think I think it a good investment strategy that would afford me to save in cryptocurrency while still having fiat to cater for day to day needs.
I'd have gone for full cryptocurrency compensation but that would require me to convert it back to fiat. This would not be needed if there are enough merchants that accept cryptocurrencies especially for everyday goods and services.

paxmao

legendary

Activity: 2184

Merit: 1575

Do not die for Putin

I am actually paid in both, but most of my income is fiat. It is not much of a problem to convert if I need to do so and, being honest, real world prices in fiat tend to be more stable and predictable, at least in the short term. You could argue that you could also convert from crypto to fiat, but it is a question of covering your expenses in the currency these are indexed to. It would make the same sense to get paid in Yens when you live in France. Inevitably, you would face variations in your budget.

Shenzou

sr. member

Activity: 1400

Merit: 283

Quote from: EvieLannister on July 27, 2021, 12:00:19 AM

Quote

Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.

Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

Its not about facilitating buy other tokens its about living in the real world, the real world imposes on us to use fiat to buy things to do the day to day transactions whether its food or other stuff, and because of the you can't chose to be paid in crypto unless you have other sources of fiat that you can really on, the current state of bitcoin and crypto in general is not in favor of having the average person that gets paid once a month to have all his money and all his worth in crypto.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

First of all, if pointing out my salary outside crypto, it's being used as my primary income to cover all my expenses, starting from monthly bills to miscellaneous, extras, etc. Receiving it thru fiat will ensure that I can deploy it right away to where it should be used. No need to convert for fiat or wait for the price up just to take advantage of the volatility because on the other hand, what if it goes down more?

Now with my crypto-related or freelance works, I really don't have any issues if I will be paid in fiat or crypto as long as the price is right. What matters is, I have extra work alongside my dayjob.

cheezcarls

hero member

Activity: 2254

Merit: 658

Revolutionized copy gaming platform

If I wanted to get paid in crypto to be honest, I would prefer USDT. Doesn’t matter if it’s TRC20, ERC20, BSC, OMNI, etc., as long it’s a stablecoin because Bitcoin and other ones are subject to volatility plus the fees per transaction. As USDT is pegged to the USD along with BUSD, USDC, DAI, etc., I wouldn’t have a problem with that. In my current work, I am paid in USDT.

Assface16678

full member

Activity: 1358

Merit: 134

★Bitvest.io★ Play Plinko or Invest!

Quote from: Tina H on July 27, 2021, 11:33:31 PM

I don't think it makes any sense, I would rather just pay normally and then buy any cryptocurrency I want and how much I want. Instead of paying only a certain amount of cryptocurrency according to my contract. But I am also not opposed to paying in cryptocurrency.

But what if the choices where to entirely have crypto as a salary and no other exceptions or reservations or just stay with fiat. What would it be for you because you seem indecisive with your decision to have it all on fiat and then just buy back crypto on your own. For me, if the number is fixed, I think I can get by with having a crypto salary but I would get in trouble with using it for buying daily necessities like food, beverage and hygiene products plus, would it also include my insurance that's paid by my employer?

Snappycoco

member

Activity: 534

Merit: 19

Quote from: XUNing on July 28, 2021, 05:07:25 AM

If I can get paid through cryptocurrency, I would prefer to accept cryptocurrency. The price of cryptocurrency is not fixed. At the beginning, I can store a small amount of cryptocurrency. When the price drops, I will increase the cryptocurrency and store it in my wallet, which may gain more benefits in the long run. But there are not many shops in my country that accept Bitcoin as payment, so I have to keep a small part of the legal currency for daily needs.

Agreed. Having Cryptocurrency in your wallet may save you a lot of your hard earned income in the long run as long as you hold some of it and not convert it all to fiat. A small part of your income should go to savings and some part of it should go to your needs.

XUNing

member

Activity: 73

Merit: 10

If I can get paid through cryptocurrency, I would prefer to accept cryptocurrency. The price of cryptocurrency is not fixed. At the beginning, I can store a small amount of cryptocurrency. When the price drops, I will increase the cryptocurrency and store it in my wallet, which may gain more benefits in the long run. But there are not many shops in my country that accept Bitcoin as payment, so I have to keep a small part of the legal currency for daily needs.

bitzizzix

sr. member

Activity: 2366

Merit: 448

If it is indeed required to pay using crypto and the fiat currency cannot be used anymore, we must do so on the grounds that the fiat currency is completely removed and replaced with crypto as any payment and is available in all shops and any sale.
but if it happens it will feel strange like going back to the beginning and it will take a long time for everyone from all walks of life to understand how to use it or transactions using crypto and it is available on all papaun sales and ATMs this crypto is also available and like fiat currency everything is available.

and but I don't think it will fully happen and even if crypto is legalized both will go hand in hand which can be used as a means of payment, and if both are still available I will use both.

Kelvinid

sr. member

Activity: 2800

Merit: 344

when lambo...

I dare to accept that IF cryptocurrencies are already accepted in many establishment for payment coz if not, that makes no sense and still we need to convert it to fiat money. If so, I was preferred to have fiat payment instead. I consider such changes in the future but for now, still not a good idea.

For about 13 years of Bitcoin existence, that word becoming as currency is still far from reality. Well, I could say that some are using this but just only a few numbers while the majority are considering this as a pure investment.

Tina H

member

Activity: 101

Merit: 10

I don't think it makes any sense, I would rather just pay normally and then buy any cryptocurrency I want and how much I want. Instead of paying only a certain amount of cryptocurrency according to my contract. But I am also not opposed to paying in cryptocurrency.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: EvieLannister on July 27, 2021, 12:00:19 AM

Quote

Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.

Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

If fiat is still used for the payment in the local stores, I still prefer to get paid through fiat money to manage the money for my daily needs and crypto investment. But if my boss wants to pay me in bitcoin and I do not have a choice to refuse, I can only accept it, but I will directly sell some amount to cover my bills. The thing about all of this is we still use fiat money in our daily life or we use crypto to pay anything in our daily life. If our government still uses fiat but our boss wants to pay with crypto, they need to report it to the government and I doubt that the government will easily accept it because they can not regulate it.

horrifiedx1

member

Activity: 602

Merit: 11

Quote from: xSkylarx on July 27, 2021, 07:49:59 AM

We all know that only a few stores accept bitcoin, so I don't think it's worth it to keep it and use it as a payment method in a physical store. Most of us are converting the coin into our own fiat currency in order to use it anywhere; however, it is currently very difficult to use this as a payment method unless you are paying someone with bitcoin, which is the intended use. However, if this is the future fiat, it will be very nice, but for now, it is still difficult.

it is still very difficult to find payments using cryptocurrencies for shopping, this is inseparable from the role of the government which has not set regulations in this regard. but if there is a store that already accepts crypto as a means of payment, I think I will use it, considering there is no need to convert it to fiat currency first

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: Oasisman on July 27, 2021, 09:43:12 AM

Bitcoin hasn't been fully accepted by majority of the merchants, service providers, and other payments.
So, I guess receiving Bitcoin as a salary might not be suitable for everyone.
For the people like us who are into Cryptocurrency, we can consider receiving partial payments, but that all depends on the current Btc price.
Besides, we all have bills to pay in a monthly basis. So, fiat still holds the responsibility for paying all of them.

Some months salary will be low and some months will be high if we accept everything to be paid in crypto and bitcoin while utilities, rent and tools costs remain unchanged, such wages cannot fit the lifestyles of many people whose wages are barely enough for these activities, a little more can make them comfortable but a little less, can't figure out what to do next. Fiat gives them more peace of mind for this payment, the amount of money spent on needs will not fluctuate so quickly.

Oasisman

hero member

Activity: 2590

Merit: 549

Rollbit

Bitcoin hasn't been fully accepted by majority of the merchants, service providers, and other payments.
So, I guess receiving Bitcoin as a salary might not be suitable for everyone.
For the people like us who are into Cryptocurrency, we can consider receiving partial payments, but that all depends on the current Btc price.
Besides, we all have bills to pay in a monthly basis. So, fiat still holds the responsibility for paying all of them.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: Kong Hey Pakboy on July 27, 2021, 06:35:46 AM

But what if it's a mandatory though? Will accept it? For me, I might have some problem with that since I have to be able to use those salary to pay for my rent and it's not that easy to convert crypto to fiat which might be a problem for some people since time is of the essence. Maybe if the speed of conversion or if there are more people that are using it, I would probably totally accept it.

I can only speak for myself mate. Yes, making employer happy means I'll take both, no problem (indifferent).
Since my situation can differ from yours or anyone else, it's best to leave it to individual, or in other words employees get to choose what's their preferred payment method. In case there is no good crypto market in where you live, you should take fiat.

xSkylarx

hero member

Activity: 2352

Merit: 593

We all know that only a few stores accept bitcoin, so I don't think it's worth it to keep it and use it as a payment method in a physical store. Most of us are converting the coin into our own fiat currency in order to use it anywhere; however, it is currently very difficult to use this as a payment method unless you are paying someone with bitcoin, which is the intended use. However, if this is the future fiat, it will be very nice, but for now, it is still difficult.

imstillthebest

full member

Activity: 1638

Merit: 122

if you get a btc it doesnt mean that you cant get a token anymore but actually its now easy to buy a token when you already have your btc because you will only convert it than if you only have a fiat in your pocket tho you can get more btc if you will manually buy it at the dip using your fiat than it will be given to you automatically .
aside from btc they could offer other cryptos and stable coins for existing and advanced crypto users

Topic: If you can get paid through cryptocurrency, do you still choose fiat currency? - page 10. (Read 1478 times)