The First Kyrgyzian Company to Pay Salaries Not In Som, But In Bitcoin
News agency Sputnik, operating in Kyrgyzstan, announced that as an experiment it would pay salaries to their employees in Bitcoins. This is interesting, because cryptocurrencies are still prohibited by Central Bank of the country. Despite the fact that Kyrgyzstan, like Russia, has a negative attitude to Bitcoins, the first Bitcoin ATM in Central Asia is installed in the capital of Kyrgyzstan, Bishkek, in pizzeria Dolce Vita. "State control of money is an atavism. Humanity is evolving rapidly and is no longer in need of supervision and enforcement apparatus. The members of a modern society....
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Several months after becoming one of the first Poland-based businesses to accept payments in bitcoins, web developer and design company EL Passion made the news again when it offered its employees the chance to receive their salaries either partly or entirely in bitcoins. The EL Passion website states that: "After much interest in the company about bitcoin and crypto-currencies in general, we've decided to provide our employees with the choice of having their salaries paid in bitcoin. This makes EL Passion the first company in Poland to pay salaries in bitcoin. "Open source is a big part....
The State of Hiring Report 2021 shows a 10% month-over-month increase in people who want their salary in crypto. Apart from high-profile athletes and politicians who are taking salaries in crypto, a study shows that the number of ordinary people who take some of their salaries in crypto has increased globally.Tracking trends that occurred in 2021, global hiring firm Deel published a report that noted a 10% month-over-month increase in people who want to be paid in crypto since November 2020. The data, pulled from over 100,000 contracts in over 150 countries, shows that Latin America....
There is a growing number of requests for Canadian employees to have their salaries paid in Bitcoin. CBC News reports that Canada employees are increasing the requests to be paid in bitcoin. Some companies have already proposed this option to their workers. According to Canadian tax laws, salaries received in Bitcoin are viewed as barter income and taxed based on the equivalent in Canadian dollars. A small but growing and surprising number of workers are rejecting Canadian dollar salaries for bitcoin, according to a Waterloo, Ont., payroll firm. Noel Carisse, a Canada Revenue Agency....
GSM Solutions' Managing Director Alan Donohoe has responded to our email, explaining that the employees who are receiving part of their pay in bitcoin work in the head office: "We believed it best to start with our head office where we have five employees who work with bitcoin on a daily basis, so they understood the importance of this step in the evolution of bitcoin in Ireland." He adds that: "Paying our staff in bitcoin is another step in the direction of helping to extend the bitcoin ecosystem into our economy." An Irish company has begun paying its employees' salaries in bitcoin.....
Bitwage, the bitcoin payroll company recently announced a range of features that will make paying salaries with bitcoin a lot easier. If you are a freelancer, working on assignments for overseas clients, or you are assigned by your company to work out of a different geography where they do not have a presence. Every month or after the end of each assignment you as a contractor or full-time employee are entitled to receive the due payments. At the same time, putting yourself in an employer’s shoe, if you have freelancers and people working overseas, how would you prefer to pay their....