Topic: Japanese company will start paying salaries in Bitcoin - page 3. (Read 951 times)
Ladies and gents, Konnichiwa. I live in Japan. I thought you'd all love to know some stuff about the country and their love of crypto. At this point in time, VERY few Japanese own BTC. Most of those retailers that accept BTC don't even know that they accept BTC (because they accept it through a popular payment processor). Things are changing with more and more people talking about it, but rarely do I meet someone that knows about it deeply. Next to no one knows there are other crypto projects besides BTC. AND yet Japan is still considered an innovator in the space. This should tell us all something. That once the majority of Japanese (and Korean / Chinese) know about this stuff deeply, that it will be integrated into daily life quite quickly. Adoption of new things does certainly happen fast here. I'll keep you all in tune with when I hear all the ol ladies on the train talkin bout it. That'll be when cryptos truly go to zee moon. That is all.
I like how Japan, Korea and these Asian nations are going bolder and bolder into cryptocurrency adoption, they've trailblazing many aspects of it by applying practical use of the blockchain. We need to observe and perhaps learn from their trends.
I believe company's like this are really leading the way for the western world. For a global organisation paying salaries in crypto in a lot of instances makes a lot of sense and reduces fees rather than managing multiple fiat currencies.
I like how Japan, Korea and these Asian nations are going bolder and bolder into cryptocurrency adoption, they've trailblazing many aspects of it by applying practical use of the blockchain. We need to observe and perhaps learn from their trends.
This may be good news because bitcoin will advance and become better known by everyone in the world, Japan introduced the first country to pay salaries using bitcoin, then other developed countries will follow the example of japan using bitcoin.
Good news
is it possible that my country will one day organize such a thing.
and I hope bitcoin is acceptable all over the world
is it possible that my country will one day organize such a thing.
and I hope bitcoin is acceptable all over the world
That's a good news It only proves that Japan indeed believes on Bitcoin and what it can do for their people. I hope more naad more companies will follow the path that this Japanese company ti taking.
I think Japan will slowly become the most developed place for cryptocurrency when it is launched because they first accepted bitcoin and the first attempt would always be in the best interest and where is the law appropriate , So I think next, the cryptocurrency market will receive the impact of various Japanese news.
This plan aims to improve the literacy of virtual currency in Japan
In addition to the salary earned in the form of bitcoin, employees who choose paid with digital money also reserves the right to get the incentives of 10 percent of the total salary
If this works out I hope could be followed by all countries.
In addition to the salary earned in the form of bitcoin, employees who choose paid with digital money also reserves the right to get the incentives of 10 percent of the total salary
If this works out I hope could be followed by all countries.
I appreciate GMO's such step to spread bitcoin usage around Japan very much, it's a good step for Bitcoin.
The country of Japan has known for being great at innovating and contributing technologies to different countries of the world. If all of Japanese knows a lot about bitcoin's then they will be all glad to receive their salaries in bitcoin because if the value of it suddenly increased then it is a great opportunity to cash out it. Bitcoin is known in the crypto world as the best coin because of its highest value among the rest of crypto currencies.
well, because the Japanese government officially endorsed bitcoin as a legal currency in digital transactions.
In Japan there are many retailers who accept payments with bitcoin. The number of stores that receive digital payments with bitcoin has more than 4,500 outlets. Like the Nikkei that experienced a transaction surge after working with bitcoin by the end of 2017. and in the end, a company paid its workers with bitcoin. truly extraordinary.
In Japan there are many retailers who accept payments with bitcoin. The number of stores that receive digital payments with bitcoin has more than 4,500 outlets. Like the Nikkei that experienced a transaction surge after working with bitcoin by the end of 2017. and in the end, a company paid its workers with bitcoin. truly extraordinary.
Japan is a state which strongly contributes to the development of innovative technologies. Major I. T. company offered its employees to pay part of their salaries in bitcoin. This part will be about $ 900. It is in the opinion of management, should improve the ability to dispose of cryptocurrency and how to use it.It is planned to introduce this in February of next year.
TOKYO: A Japanese company will start paying part of its employees’ salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.
GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year.
“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii told a French wire service.
“We hope to improve our own literacy of virtual currency by actually using it,” she said.
The offer will be open to around 4,000 employees of the GMO group in Japan, she said.
The company started a Bitcoin trading and exchange business in May.
And next month, it will join the so-called “Bitcoin mining” business — gaining the right to receive new Bitcoins as a reward for helping keep the network secure by approving transactions.
World Bitcoin prices have surged globally this year, soaring from less than $1,000 in January to $17,000 this week.
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This is good news for all of us. Bitcoin prices will come back in time. I think Bitcoin will increase rapidly shortly. But if there are so many companies out there, that would be a good sign for crypto and Bitcoin. GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year.
“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii told a French wire service.
“We hope to improve our own literacy of virtual currency by actually using it,” she said.
The offer will be open to around 4,000 employees of the GMO group in Japan, she said.
The company started a Bitcoin trading and exchange business in May.
And next month, it will join the so-called “Bitcoin mining” business — gaining the right to receive new Bitcoins as a reward for helping keep the network secure by approving transactions.
World Bitcoin prices have surged globally this year, soaring from less than $1,000 in January to $17,000 this week.
Copied from a news site.
I think this news is very interesting for bitcoin investors, after all, this can increase bitcoin usage and increase its market value.
Japan is a country that is very tolerant of bitcoin.
When I was in a trip to Japan last month and found a lot of businesses are hanging a support the bitcoin payment, while support for the bitcoin to pay, but I will not use, now the transfer fee is too high.
When I was in a trip to Japan last month and found a lot of businesses are hanging a support the bitcoin payment, while support for the bitcoin to pay, but I will not use, now the transfer fee is too high.
Its is nice to know that one of the Japanese companies GMO internet will be paying part of salary to it's employees in bitcoin from the month of February this year. It will prove to be a start of new revolution. It the experiment succeeds (I think it will definitely succeed ) it will give a boost to crypto market. Then more and more companies will adopt the payment system by bitcoin or other good crypto currencies.
But on the other hand there is fear too in my mind. Volatility in the rate may affect it otherwise too. Suppose today I am being paid salary when the price of one bitcoin is suppose $11000 and after the distribution of the salary the rate goes down to say $10500 then I will loss my 500 dollars which may spread dis satisfaction in the minds of employees like me. But on the other hand if the price rises I will be gaining.
So how to deal with this up and down trend; it will be the major issue which should be kept on top priority and serious discussion over the issue is required before implementation.
But on the other hand there is fear too in my mind. Volatility in the rate may affect it otherwise too. Suppose today I am being paid salary when the price of one bitcoin is suppose $11000 and after the distribution of the salary the rate goes down to say $10500 then I will loss my 500 dollars which may spread dis satisfaction in the minds of employees like me. But on the other hand if the price rises I will be gaining.
So how to deal with this up and down trend; it will be the major issue which should be kept on top priority and serious discussion over the issue is required before implementation.
This may be good news because bitcoin will advance and become better known by everyone in the world, Japan introduced the first country to pay salaries using bitcoin, then other developed countries will follow the example of japan using bitcoin.
This is good news, bitcoin is getting closer to our lives, but other developed nations do not necessarily support Bitcoin as Japan did before the EU decided to pressure Bitcoin because they believe Bitcoin supports terrorism. The future of bitcoin deserves our approval, but the process can be full of twists and turns.
It's good to hear that bitcoin has been widely used in Japan.
Bitcoin pay is an innovation.
Holding bitcoin can be a way of investing.
Bitcoin pay is an innovation.
Holding bitcoin can be a way of investing.
Bitcoin, as a wage payment, has at least been recognized for its value. This is good for bitcoin in the long run. I hope other countries can learn from Japan.
I like this idea very much, Japan is at the forefront of new trends, especially technology. I believe Japan's future will become the world's leading cryptocurrency country and other countries will have to learn by Japan. Bitcoin is gradually gaining the trust of some countries with open monetary policy, I think it is inevitable. This is awesome news. I love Japan.
If Bitcoin ever does become a real preferred currency, it's definitely starting in Japan (and perhaps South Korea) long before anywhere else.
If Bitcoin ever does become a real preferred currency, it's definitely starting in Japan (and perhaps South Korea) long before anywhere else.
Yes, Japan is amazing country when it comes to new things and also those kind of positive news are supporting crypto currency market. We may also start seeing other companies to follow even in other countries, probably in Europe.
Have to admit that the concept of this company is still very advanced. Bitcoin is very popular at present, and surely some employees will definitely support this decision. Of course, the public also can not figure out the future development of Bitcoin. Whether this policy can be implemented for a long time is still unknown.
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