Europeans Can Now Receive Their Paycheck in Bitcoin
Europe-based bitcoin services provider Cashila has recently released a Bitwage-like Euro-to-Bitcoin payroll system, allowing European employees to request their wages to be paid in bitcoin through a simple bank or SEPA payment. The payment process of the sender or the employer will stay the exactly the same. On the Cashila platform, the receiver will create a payroll request with the inclusion of necessary bank details, including specific reference number, IBAN Bank account number, payment amount, etc. Once completed, employees and freelancers can export the invoice as a PDF or send it via....
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The mayor said he would prefer to use an app like Bitwage or Strike rather than having the local government convert his fiat paycheck into crypto. Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin.In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or federal level to accept part of his salary in Bitcoin (BTC). Public records show the Miami mayor’s salary was $97,000 annually between 2016 and 2017, meaning he would receive a monthly paycheck of more than $8,000 or 0.13....
A “boss move,” said the city’s CIO, that makes Mayor Suarez the first known U.S. politician to get 100% of a paycheck in BTC.
The mayor of New York City, Eric Adams, converted his first paycheck into bitcoin and ether before the price of the cryptocurrencies plummeted. However, the mayor said, “When you are a long-term investor, you don’t keep your eyes on your portfolio.” He added that the purpose of receiving a paycheck in bitcoin is to send a message that New York City is open to technology.
NYC Mayor Converted Paycheck Into Bitcoin and Ether Before Prices Tanked
New York City Mayor Eric Adams answered some questions in an interview with CNN Sunday about receiving his....
Coinbase is rolling out paycheck direct deposits and auto-conversions into Bitcoin.