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Topic: Japanese company will start paying salaries in Bitcoin - page 6. (Read 951 times)

sr. member
Activity: 281
Merit: 250
well, Bitcoin in Japan is very advanced and many cryptocurrencies also experienced popularity as a result of Japan. this is one of the positive things for bitcoiner in the world, but there are still many countries that have not enforced it. whether Bitcoin in 2018 will be a historic day for bitcoin and change the Government in a world that denounces it?

The first big step for the bitcoin adoption, again in Japan.

I really admire Japanese government because of their support to bitcoin. This is great enough to congrats them. This will make bitcoin more reputated.
full member
Activity: 180
Merit: 100
THats pretty cool! Would be shitty if the price drops the day after your payday tho Cheesy I prefer my salary in FIAT currency.

That is very good news. Congratulations to this Japanese company. They can provide an option to choose maybe? Smiley People who want can get fiat or btc whatever they want lol
full member
Activity: 238
Merit: 100
Japan is now a crypto country
full member
Activity: 518
Merit: 106
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What a shock to me that Japan (Tokyo) will start paying their employee a bitcoin this could surge again bitcoin by February next year but this will happen after 2 to 3 months of period before bitcoin dramatically rocket fire its price if my calculation is right and if you believe in me about 30kdollar per 1.0btc.
full member
Activity: 420
Merit: 110
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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First of all please try to quote the source from where you have picked such news. Then yes Japan is really making a leap forward for widespread use of bitcoin considering that japan is the birthplace of bitcoin itself. But still this thought makes me quite confused as this salary payment would cost company a hell lot of fees and same would be the case with the people too. I don't think currently bitcoin is efficient enough for a widespread use.
full member
Activity: 728
Merit: 101
I think Japan is always one step ahead, especially in terms of technology, as well as bitcoin, I hope my country can also be as japanese, especially if the salary we earn on pay with bitcoin, it will be very interesting
sr. member
Activity: 644
Merit: 259
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This is actually profitable for the company and even to it's workers. As it's mentioned this new scheme will be started from feb the company could accumulate btc now and until feb there is a really high chance the price increases with this the company could save a lot.

For the employees as well there is a advantage if they get their btc and right next day it get's pumped it becomes even more profitable for them or they can simply use it for saving it.
I really don't see how it will be profitable for the company who is paying its employees in bitcoin, because as time will go by, the value of bitcoin would definitely rise and they would realise that they have paid a whole.
sr. member
Activity: 348
Merit: 250
I still remember reading those threads, where it was discussed that Bitcoin as a salary in your company and it is really overwhelming to see such news coming from Japan. Japan has made remarkable progress in the field of bitcoin and they are setting new goals every time for other countries  to achieve. These news and other updates from Japan make it one of the most suitable country to live and earn in bitcoin. This is for sure now that bitcoin will rule japan market for long time even if major players quit like China, Japan is going to stay for long.
sr. member
Activity: 602
Merit: 262
This is so cool. Decentralized job is coming soon. I am moving to Japan to get a new job there soon (just kidding).  Cheesy

Hehehe moving to japan why not by the way this is pretty cool news for every people in the japan hoping in my country will also allow to pay salary in bitcoin.
This news reflect how japan really advance by using cryptocurrency the good thing most japanese are using bitcoin for easy and safe transaction.
full member
Activity: 315
Merit: 100
Investing in the future development of blockchain
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.


Copied from a news site.

Of this is true It will not be shock given the fact Japan is one the richest country around the world, and the people may corntribute a lot to Bitcoin price because of their profits.
hero member
Activity: 2744
Merit: 541
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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.


Copied from a news site.
wow this is a great news to the crypto community,this is an example that
sooner companies will pay employee in cryptocurrencies instead of physical money.
and this is a time for another celebration.for the progress of the community
full member
Activity: 266
Merit: 101
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This is so cool. Decentralized job is coming soon. I am moving to Japan to get a new job there soon (just kidding).  Cheesy
full member
Activity: 241
Merit: 100
It's a great idea to pay the salary of the employees in bitcoin as it would a great positive sign for both the company and employees. Japan is really taking bitcoin in a serious manner and they are taking every necessary step for making bitcoin as their national currency as they are loving it. I hope it will also boost their economy to some extent and slowly bitcoin will be using by each and every single citizen of japan for their day today expenditures.
sr. member
Activity: 532
Merit: 327
THats pretty cool! Would be shitty if the price drops the day after your payday tho Cheesy I prefer my salary in FIAT currency.
hero member
Activity: 1190
Merit: 525
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hah it would be great Cheesy but in my country i think never ... we are around 30 years behind Cheesy

Hehe, I share the same feeling. If a company here would try to pay their employees with BTCs I doubt they could do this without creating issues with the government and labor rights, even if the employees agreed. Japan is really going through a good path, adopting innovative technologies and absorving the best of it to proportionate life quality and accessibility to its citizens. A country turned to the future.  Smiley
hero member
Activity: 1190
Merit: 534
I really appreciate this move by the company because it will not only help the company to save the transaction costs but also it will be helpful for the employees too in order to manage their investment. In my country, you are taxed only when you are cashing out your funds so I can hold my earnings in BTC without converting into the fiat currency for the purpose of the tax planning that too in a legal way. This decision would also help the employees from other countries if they are willing to send some funds to their families.
legendary
Activity: 1946
Merit: 1007
Dont you all think its funny to read they try to increase their crypto literacy while they are already running a trading platform?

I mean, shouldn't you do this the other way around?
full member
Activity: 336
Merit: 121
Japan is really an advanced country, this shows like the bitcoin is becoming ever more famous and i hope that other country can take example in the future for the payment of the salary

It show the advancing in the field of the technology and modernism that Japanese company will start paying salaries in bitcoin. It will raised the trust of the employee on the company and the company will be more hard working because they will get some extra profit when their salaries will be in the bitcoin. The chance of the holding of the bitcoin for those employees will be very easy and they will enjoy the life after when their salaries convert into bitcoin.
sr. member
Activity: 350
Merit: 250
Pretty cool imo, it may encourage the use of btc or other crypto.
But then there are good and bad, it's the rise and fall of value, is quite big nowadays... it will be good for the workers.
But once it falls, those who earns and keeps it... is basically losing value of their $ real fast.
legendary
Activity: 1568
Merit: 1002
This good news will be distributed to a local television reporter in my country so they can broadcast it, so it can spark our zeal continue to believe in bitcoin and its development.
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