Top 4 Companies That Pay Salary With Cryptocurrency

Some companies are now offering to pay their employees in cryptocurrency, allowing them to receive their salaries in digital tokens rather than cash or bank transfers. This can have several benefits, such as lower transaction fees, faster and more secure transfers. In this article, we'll explore 4 companies that pay their employees with cryptocurrency and examine the pros and cons of this emerging trend. Bitcoin can be the future and trading in it can be yours. Waiting for what? Start with the Pattern-Trader now!

Company 1: Bitwage

Bitwage is a California-based startup that offers a payroll and invoicing solution for companies and freelancers who want to pay or get paid in bitcoin or other cryptocurrencies. Bitwage's system allows employers to set up a recurring payment plan for their employees, who can choose to receive their wages either partially or entirely in cryptocurrency. Bitwage takes care of the conversion process and offers competitive exchange rates, so employees can get paid in their preferred currency without having to worry about market fluctuations or conversion fees.

One advantage of Bitwage is that it allows employees to receive their wages faster than traditional banking systems. Since cryptocurrency transfers can be processed almost instantly, employees can get paid in real-time without having to wait for several business days for the funds to clear. Additionally, Bitwage offers various security measures to protect its users' funds, such as multi-signature wallets and two-factor authentication.

However, one potential drawback of Bitwage is that it only supports a limited number of cryptocurrencies (currently bitcoin, ether, and litecoin). This could be a problem for employees who prefer other digital tokens or who want to diversify their holdings.

Company 2: Coinbase

Coinbase is one of the largest cryptocurrency exchanges in the world, with over 56 million users and $223 billion in trading volume. In addition to its trading platform, Coinbase also offers a range of services for businesses, including a merchant solution and a payroll feature. Coinbase's payroll feature allows companies to pay their employees in bitcoin or other cryptocurrencies, either as a full salary or as a percentage of their earnings.

One advantage of Coinbase is that it has a large and established user base, which could make it more appealing for employers who want to offer cryptocurrency payments to their staff. Coinbase also offers several security features, such as insured hot wallets and biometric authentication, to protect its users' funds. Furthermore, Coinbase supports a wider range of cryptocurrencies than Bitwage, including popular tokens like bitcoin cash, ethereum classic, and dogecoin.

However, one potential downside of Coinbase is that it charges a fee for its payroll service, which could be higher than other solutions. Moreover, Coinbase's reputation has been marred by occasional technical glitches and customer support issues, which could affect its trustworthiness among some users.

Company 3: GMO Internet

GMO Internet is a Japanese tech conglomerate that operates in various sectors, including e-commerce, web hosting, and online advertising. In 2018, GMO Internet became one of the first companies in Japan to offer cryptocurrency salary payments to its employees. GMO Internet allows its staff to receive up to 100,000 yen (around $900) per month in bitcoin, ether, or bitcoin cash.

One advantage of GMO Internet is that it has a significant presence in Japan and could set an example for other companies in the region to follow suit. Moreover, GMO Internet's cryptocurrency payments are optional, meaning employees can choose whether or not to participate in the program and can receive their salaries in traditional fiat currencies if they prefer.

However, one potential downside of GMO Internet's program is that it only allows for a limited amount of cryptocurrency payments per month, which could be a problem for employees who want to receive larger portions of their salaries in digital tokens.

Company 4: BitPay

BitPay is a US-based payment processor that specializes in bitcoin and other cryptocurrencies. BitPay's platform allows merchants and businesses to accept cryptocurrency payments from their customers, as well as pay their employees in digital tokens. BitPay's payroll solution allows companies to set up recurring payments for their employees, who can choose to receive their salaries in bitcoin or other supported cryptocurrencies.

One advantage of BitPay is that it offers competitive exchange rates and low transaction fees, which could make it more affordable than other solutions.  

Conclusion

To conclude, paying employees with cryptocurrency is an emerging trend that offers both benefits and challenges for businesses. On the one hand, it can provide employees with more flexibility and options for managing their finances, while also increasing adoption and awareness of digital currencies. On the other hand, there are potential risks and limitations associated with this payment method, such as volatility, security concerns, and limited adoption among employees.

---

---

---

---

---

---

---

---

---

---

---