Topic: Salary in BTC from the Israeli company Spot.IM - page 4. (Read 2230 times)
ofcourse it is a good new but i think it is still very early for such things. because volatility is very high (that is why thiss market is so profitable) and workers can stay in bad position after a strong dump.
For the moment, who choose BTC for salary is losing a lot. That's a very bad idea to accept being paid in BTC.
Except if your idea is to become poor or help your company liquidate his BTC.
Except if your idea is to become poor or help your company liquidate his BTC.
Israeli Internet company Spot.IM will pay salaries in bitcoins
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
Wow, this is a great news for all of us. Isaraeli is starting to innovate their payroll system. Its a gpod opportunity to the employees because they can earn a big amount of money. Its a good to know that even though many countries banned bitcoin in their country still their has a country accept it and give opportunity to all people. However, I am hopeful that this not a fake news. Hopefully, it will also adopt here in my country.
Israeli Internet company Spot.IM will pay salaries in bitcoins
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
If this is really happening i guess i would pray that this should be made in my country as bitcoin is hard to purchase with its huge price,but if i can earn this because of my salary from regular job then i would be very thankful .hoping my government consider this action for the peoples benefits
Israeli Internet company Spot.IM will pay salaries in bitcoins
I strongly support if the salary is paid by using bitcoin.Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
If employees support payroll then this includes tremendous developments. They include advanced and developing companies but when they are allowed by taxation in their country. I'm amazed.
This will be exciting news for people who know more about bitcoin. If they know about the currency and bitcoin crypto beforehand, you can sell the bitcoin at the best price. I really like the idea for encouraging the use of Bitcoin and showing trust in its long-term value.
Israeli Internet company Spot.IM will pay salaries in bitcoins
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While i fully support adoption of bitcoin and other cryptocurrencies in real life, I feel this is a very risky move for both employees and managers of the company. As an employee would you knowingly accept payment when you know that the fiat value of your salary could drop more than 50% tomorrow? As a manager would you hold funds to payout employees when you know it could be worth less than what you originally bought it for and may have to buy more tomorrow? So many risks..
Israeli high-tech companies are now competing with other companies and employees claiming higher wages. In the face of that, the company has found a new way to attract and retain employees. High level of technology in this environment: the company has proposed to pay wages by bitcoin.
With such a high volatility, I don't know if employees would be ready to take salary in BTC. People expect a definite amount of monthly salary as they have family to support. think giving salary in BTC at this point isn't a really good option as most of the employees will convert it in fiat as soon as they receive it. Bitcoin still hasn't reached a point where it can replace fiat as a salary or as a currency use.
To date, Bitcoin has fallen very low and has never been stable. On this basis, it is very difficult to calculate salaries for employees and therefore receive a salary will be unprofitable in Bitcoin.With such a high volatility, I don't know if employees would be ready to take salary in BTC. People expect a definite amount of monthly salary as they have family to support. think giving salary in BTC at this point isn't a really good option as most of the employees will convert it in fiat as soon as they receive it. Bitcoin still hasn't reached a point where it can replace fiat as a salary or as a currency use.
To date, Bitcoin has fallen very low and has never been stable. On this basis, it is very difficult to calculate salaries for employees and therefore receive a salary will be unprofitable in Bitcoin. 
With such a high volatility, I don't know if employees would be ready to take salary in BTC. People expect a definite amount of monthly salary as they have family to support. think giving salary in BTC at this point isn't a really good option as most of the employees will convert it in fiat as soon as they receive it. Bitcoin still hasn't reached a point where it can replace fiat as a salary or as a currency use.
There are lots of people that are having salary only in crypto, there are some people in sport that have stable salary in bitcoin for example, they are having something that will be normal in future.
I think is not a welcome idea
after Japanese companies now an Israeli company are taking cryptocurrencies to public acceptance it is good for cryptocurrency industry hopefully silicon valley to get pays in bitcoin
This really a great example for other countries set by israel and great initiative by spot.IM, if all countries will allow this kind of approach then cryptocurrency will hit mainstream very soon. Blockchain technology have so many things to give to cryptoworlds. Nice information shared by OP, hope all countries will adopt this approach.
Wouldn’t it be risky for employers and employees if they send their salaries using bitcoin? I mean, we all know bitcoin is not stable and price keeps on fluctuating. So if the salary of an employee would be converted to bitcoin, as long as the employees dont withdraw everything it would be to their advantage.
Israeli Internet company Spot.IM will pay salaries in bitcoins
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
This is one good sign that this kind of system will be happening soon,that many and many countries will be using cryptocurrency as payments for employees work,seems like were getting closer to the crypto using world and i lovhearing this.that sooner my company will pay me bitcoin of altcoins too so i dont have to purchase from the exchanges but it will come to my wallet instantly Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
I think it is cool that salary is paid in crypto, since it will open up more companies to follow. On the other hand I don't like the strong volantility of the crypto market. It should be nice to have an option to choose from between fiat money and crypto or a split of let's say 70-30 so you can decide for yourself how to obtain your salary. I definitely would take some crypto.
Yeah it should be up to the employees if they prefer to receive their salaries in crypto or fiat since not everyone is learned in crypto and people have different needs that may require physical money. And not all will be okay with the constantly changing value of their money
Israeli Internet company Spot.IM will pay salaries in bitcoins
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
good news for bitcoin market. But if I were working in company willing to pay BTC as salary, I would still ask flat money as my salary, because i could buy BTC anytime I want. Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
Israeli Internet company Spot.IM will pay salaries in bitcoins
Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
At first I was kinda negative about this but upon reading that the employees accepted this offer and they can choose to be paid part in BTC and a part in fiat money, I nod my head concluding that these employees are already knowledgeable with cryptocurrency and definitely aware of the risks involved. Hoping more companies would follow as this would have a great impact on Bitcoin and to cryptocurrency as a whole. Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.
According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.
To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.
Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.
In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.
According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.
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