If you can get paid through cryptocurrency, do you still choose fiat currency? - page 3.

carlisle1

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Quote from: ziyaaa on September 24, 2021, 09:53:41 AM

It depends on the cryptocurrency. If it is Bitcoin or any other cryptocurrency that is volatile, then I would certainly like to continue with fiat currencies. Because it wouldn't be very ideal for me to keep all my money in a volatile cryptocurrency. It is a really silly risk to take in my opinion. When Bitcoin price drops sharply, I would be in a big trouble in that case.

Crypto volatility really affects if you usually use your salaries. the market movement always have the chance to turned against you.

The chance to see the value of your money slowly fallen and you can't quickly exchange it to your local fiat since it's still in the process of transferring to your wallet. Situation that make you think twice to accept full payment using crypto.

Different users have their own opinions and some seen opportunities and some may not.

ziyaaa

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It depends on the cryptocurrency. If it is Bitcoin or any other cryptocurrency that is volatile, then I would certainly like to continue with fiat currencies. Because it wouldn't be very ideal for me to keep all my money in a volatile cryptocurrency. It is a really silly risk to take in my opinion. When Bitcoin price drops sharply, I would be in a big trouble in that case.

livingfree

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Quote from: ?? on ??

I will choose to use legal currency as a reward. Although many countries have legalized Bitcoin,

Not that many actually but they're more than those that have declared illegal on it.

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I think it is better to use legal currency to buy coins that I like. Fiat is more often used daily.

You are just adding some process if you'll just about to buy cryptos with fiat. Then just accept crypto directly and then just trade it on exchanges if the purpose is to trade.

Dewi Aries

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I will stay at fiat, i think if i get paid in cryptocurrency, i will sell it immediately too. I have already spare some portion of money that i earned into crypto, that is why i don't need to get full paid in crypto because i need to use some money into my daily life. For me, why must do additional work if we can get paid in fiat and just spend it like usual, when i want to buy crypto, then i just can buy it so it is no problem if i get paid in fiat.

Ryder Kudrow

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I will choose to accept a small amount of Bitcoin and most of the legal currency, store the bitcoin and use the legal currency for consumption and payment.
Bitcoin has not yet been widely used, and only a few shops may accept Bitcoin as payment. Therefore, legal currency must be reserved to meet daily consumption. And if there is a remaining legal currency, it can be used to invest in Bitcoin or other currencies.
The price of Bitcoin is unstable and has certain risks. At present, it is not suitable as a daily transaction currency but more suitable as an investment currency. Long-term holding can obtain a lot of benefits.

Issa56

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I don't think i can see a cryptocurrency payment then go for fiat payment and also adapted to cryptocurrency and and I prefer making all my payments method to be in Cryptocurrency either bitcon or any other coin. I believe my money is more saver if and having it in my custodian wallet address than me having it in my bank account, so I will definitely go for cryptocurrency payment method.

South Park

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Quote from: Lubang Bawah on September 23, 2021, 10:49:02 AM

In the country fiat is still very dominant and until now I have never found an ATM or shop that accepts bitcoin or cryptocurrencies, for now of course I have to choose fiat over cryptocurrencies, if I have excess money then I immediately invest in cryptocurrencies.

If I could I will get paid in both, a part of it in bitcoin and another part in fiat, that would be the perfect option for me and I suppose the majority of those that use the forum, right now even if bitcoin is quickly gaining popularity at the same time there are not a lot of stores that accept bitcoin and as such we cannot accept to have our salary exclusively in bitcoin, so if those are the only options I will have to refuse and keep accepting my salary in fiat and then convert all of my savings of the month to bitcoin.

Lubang Bawah

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In the country fiat is still very dominant and until now I have never found an ATM or shop that accepts bitcoin or cryptocurrencies, for now of course I have to choose fiat over cryptocurrencies, if I have excess money then I immediately invest in cryptocurrencies.

Fortify

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Quote from: EvieLannister on July 26, 2021, 11:00:19 PM

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?

At the end of the day it comes down to fees. This company is just an exchange dressed up as something else - it is in direct competition with a company like Coinbase or any of the dozen others out there. People who really want to buy cryptocurrency will most likely go to the trouble of learning the basics and one of the earliest things you'll ever learn is where to buy it safely along with the cheapest price. So this come will either be offering better rates (which is not difficult when you look at rip-offs like Binance) or they offer better security, the latter being unlikely for a new start-up compared to these long established companies. There are all sorts of ways to market it but the end user is really just worried about those two things - it's easier than ever to buy cryptocurrency now, so this isn't a special idea.

goldkingcoiner

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I would prefer being paid in BTC or any other decently listed cryptocurrency with a large market cap. At this point, screw banks. Nobody needs banks and nobody wants them. Banks are the Blockbuster of modern times. Destined to grow out of popularity due to redundance. In crypto, your money is decentralised, so no one person can decide to freeze your money or even know about your business in general.

sukmo

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Employees on salaries with Cyptocurrency?
If this question is for employees who are already Cyptocurrency users, of course they will answer "Agree".
Because this makes it easier for them to transact, transparent and know the salary history of work friends.
And salaries with cryptocurrencies can also be used to invest.
But if the question is addressed to employees who do not understand cryptocurrencies, of course they will not agree with the main reason must be a volatile price and still choose to pay with fiat money.

If employee salaries are really in salaries with cryptocurrency in the future, I am very happy because by using a blockchain system with transparency then there is no longer a salary feud between employees.
But all of that can be realized of course must also be supported by the government about cryptocurrency law in the country.

MCobian

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Quote from: bitcoinst on September 21, 2021, 01:11:18 PM

No. I will always choose cryptocurrency only if the altcoin is not a dollar.
The dollar is the only currency in which I am ready to accept payments of funds, otherwise I will be happy to receive a salary in cryptocurrency.
However, under the current realities, cryptocurrency will always be converted to fiat money before being paid out.

I am also very happy to receive salary payments through cryptocurrency, even though the risk is high, because crypto prices are volatile.
But that doesn't mean I won't use fiat, because currently the majority of merchants in circulation don't accept crypto as payment. So in the end
we will convert the crypto that we have into fiat, because after all fiat is still very much needed to buy daily necessities.

geegaw

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Quote from: kanayaTabitha on September 21, 2021, 09:21:35 PM

It depends on paid on what. If it is for monthly salary, i will go for cryptocurrency because my monthly investment going into cryptocurrency and i could cash out a little bit for my daily needs.
But if it's i sell some items or selling foods for business, i will just accept fiat at this moment because i want to re invest the money for the next sale. And i have to do it in fiat, if i got paid with crypto, i will get hit a lot by transaction fee.

This is no longer a dependency as you say, opportunity with crypto and you seem to be just a compulsion, our life and crypto have no mutual neutrality, once the relationship becomes metamorphosed, you're not the only one involved in troubles like expenses, the accounting department and most other departments will complain about the pressure and unreasonable shifting of salaries with crypto. Fiat has more spatial and relational neutrality and is less likely to cause chaos than crypto when that's its mission.

kanayaTabitha

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It depends on paid on what. If it is for monthly salary, i will go for cryptocurrency because my monthly investment going into cryptocurrency and i could cash out a little bit for my daily needs.
But if it's i sell some items or selling foods for business, i will just accept fiat at this moment because i want to re invest the money for the next sale. And i have to do it in fiat, if i got paid with crypto, i will get hit a lot by transaction fee.

Kadal Ijo

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I will accept fiat currency instead of cryptocurrencies, as we know that almost all of my current needs use fiat and crypto, I only use it for online transactions and long-term investments. anytime we can buy crypto but to buy anything we have to use fiat currency.

Aurorra

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I will choose most of the cryptocurrencies and a small amount of fiat currencies.

The price of Bitcoin is unstable and fluctuates greatly, and when the price drops and must be sold for daily payments, it will cause great economic losses. So I have to keep fiat currency to meet the payment needed in daily life.
Bitcoin has developed rapidly and its price has risen a lot, but it is still in the early stages of development and has great growth potential. Long-term holding of Bitcoin can bring high profits.

bitcoinst

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No. I will always choose cryptocurrency only if the altcoin is not a dollar.
The dollar is the only currency in which I am ready to accept payments of funds, otherwise I will be happy to receive a salary in cryptocurrency.
However, under the current realities, cryptocurrency will always be converted to fiat money before being paid out.

Pejoh Asu

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Quote from: swiftbits on August 18, 2021, 03:19:59 PM

I would still choose fiat. Even though I have a vast interest in crypto, I would still choose fiat as it gives me more options on which type of coins I would buy and freedom on when I would practically buy them.

Partially is acceptable as long as it's one of the trusted coins.
I would never accept coins that could potentially lose much value in a short period.

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Not everything can use crypto, especially my country which is still difficult to see crypto logos, or outlets that accept crypto, the best step for me right now is to accept fiat for transaction activities, if I want crypto investment then I open a coinbase and buy the crypto I want .

Zilon

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I will prefer to receive part of my payment in crypto mostly a percentage I know for sure I wouldn't be needing for a long time so it help accumulate more coin for the future but the crypto option is also considered if I must be paid in crypto then Bitcoin should be the option then if tokens are available it should be as a bonus not as my wage or salary

xSkylarx

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It really depends on the situation; if we're talking about online, I think it's worth it to try paying with crypto; however, if we're talking about a physical store, I think I'll go with fiat because it requires internet, and we don't have a lot of free wifi in our country, so we'll need data to do it. For the time being, I believe that fiat is the greatest option because it is the most accessible, but if you want to experiment with or get a feel for how to pay with crypto, you can do so. We all have our own preferences, but for the time being, fiat is the best option for me.

Topic: If you can get paid through cryptocurrency, do you still choose fiat currency? - page 3. (Read 1541 times)