47% of Bitcoin Companies Are Open to Paying Employees in BTC
A newly released survey from Bitwage, a bitcoin-focused payroll solution provider, has revealed that 47% of bitcoin companies are open to paying their employees in the digital currency. The survey sought to assess the sentiment toward bitcoin payroll options held at more than 150 bitcoin-friendly companies, most of which were based in the US. In total, 38 companies responded, with 18 reporting they would be open to paying bitcoin wages. Of the companies surveyed, 10.5% of the employers who responded are currently paying employees, at least in part, in bitcoin. Notable bitcoin companies....
Related News
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.....
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....
Companies in the United States can now automatically pay their employees in bitcoin. Wagepoint, the Canadian payroll service that works with companies to facilitate paying employee paychecks in bitcoin, announced Monday that they have expanded their bitcoin payroll services to the United States and can accommodate small and medium-sized businesses in all 50 states. The magic is done through the Wagepoint online app, which can "handle direct deposits, government remittances / reporting and all year-end reporting for both salaried and hourly employees. Shrad Rao, CEO of Wagepoint, told CCN....
An increasing number of employees are opting to receive payments via Bitcoin. According to a Waterloo payroll firm, ten firms have signed up for their salary to be paid in Bitcoin. The CEO of Wagepoint, Shrad Rao, said the firm added the option in November of last year and was not expecting very many people to sign up. Not only have a surprising number of employees signed up for Bitcoin payments, but customers have come to Wagepoint specifically because of their Bitcoin integration. What's interesting is that we've actually had customers come to us because of the (Bitcoin) integration,....
The following is something we at NewsBTC can relate to. We have great writers and Bitcoin enthusiasts from across the world contributing to our magazine. When it comes to their remunerations, conventional money transfer across borders is a pain. But, we found a solution! Thanks to the evolution of internet and technology, it is now possible for companies to have a global workforce. As the companies employ people from across the world, they have to make necessary arrangements to pay regular salaries to their employees. With the current banking infrastructure, it takes a long time to....