If your company and project intend to attract the best and brightest young people, then you’d better to use bitcoin currency
to pay for their wages. A recent survey of cryptocurrency enthusiasts found that 66% of respondents prefer to receive the new asset as the wage rather than legal tender.
Human resources startup, Chronobank recently surveyed 445 cryptocurrency enthusiasts from around the world, including American, Australian and Russian enthusiasts, hoping to understand their job preferences. The Cryptocurrency Compensation Survey shows that most members of the cryptocurrency community are willing to accept some or all of the wages in the form of bitcoin or other cryptocurrencies, such as bch coin
, ripple coin
and so on.
66% of respondents expected their employers to accept the change and mentioned that they were willing to accept cryptocurrency wages, and 83% said they are more than happy to accept cryptocurrency bonus payments. In addition, 72% of respondents indicated that they prefer to be given options by the employer for cryptocurrency payment when they choose their next job.
Most respondents believe that the value of digital assets will continue to grow in the future, so only one fifth of respondents said they would convert some cryptocurrency wages into legal tender, and 50% believed that accepting cryptocurrency wages will help them reduce their expenses, and only 19% of respondents will trade in cryptocurrency. Among young people aged 18–24, the number of long-term holders is even higher, reaching 60%.
Japan is the first in the situation that people prefers to convert wages into cryptocurrency alike litecoin
, followed by the United States (15%) and South Korea (15%), but US respondents believed that South Korea (25%) would be more willing to pay for cryptocurrency than Japan (13% only). In Russia, 47% believed that Japan is the dominant player in the industry. 57% of respondents also believed that the proposal will have a positive impact on the economic growth for a country. Interestingly, 65% of US respondents indicated that they are willing to pay the tax for cryptocurrency wages, while only 30% of Russians agreed with that.
In this survey, 92% of the respondents were men, 40% were between the ages of 25 and 34, and 75% were currently employed.
The cryptocurrency enthusiast is not affected by the strict regulation in some countries. For example, National Bank of Mexico announced stricter cryptocurrency trading rules. According to Amir Manzur, founder of Cubobit, a local crypto exchange in Mexico, although Banxico has released new regulations, Mexico may soon face a cryptocurrency boom by the end of 2018. In an interview with Forbes Mexico, Manzur said that the comprehensive financial technology law introduced in March this year will only enhance consumer confidence in digital currency and encourage people to invest further.