More and more people are payed in bitcoin!
8/1/2022, 05:18 AM
In recent years, the job market has been upended, leaving businesses scrambling to find workers. In an effort to attract and recruit talent, businesses have had to offer higher wages, sign-on bonuses, remote, hybrid and flexible work styles, one-on-one mentoring and free college tuition. Even with these accommodations, seats are often left unfilled.
One way that businesses are considering to attract people to join their firms is by paying in Bitcoin and cryptocurrency. In 2021, we saw digital assets go parabolic, with the number of new crypto projects and the incredible rise in value of the asset class catching America and the world’s attention.
Paying in Bitcoin and cryptocurrency can be appealing to some people because it is a hedge against the U.S. dollar that’s being devalued due to rising inflation and questionable policies from the federal government and Federal Reserve bank. Others, especially young people, see cryptocurrencies as a YOLO (You-Only-Live-Once) trade that could make them rich quickly.
In recent months, a number of high-profile athletes have announced that they will be paid in cryptocurrency, with NFL players Russell Okung, Aaron Rodgers and Odell Beckham Jr. leading the charge. This trend appears to be driven by a desire to avoid the volatility of traditional currency, as well as to take advantage of the potential for cryptocurrency to appreciate in value. For athletes who are paid in cryptocurrency, this could lead to a windfall if the value of the currency increases.
Former Seattle Seahawk Russell Okung has made headlines by deciding to receive half of his $13 million salary for 2020 in Bitcoin. This makes him the highest paid player in the league in terms of cryptocurrency. Okung appears to be making all the right moves when it comes to his money. Back in December, he decided that he wanted half of his contract to be paid in Bitcoin.
This move allows him to diversify his income and protect his earnings from inflation. In a time when the value of the US dollar is declining, Bitcoin is a smart investment. Not only does it have the potential to increase in value, but it is also not subject to the same fluctuations as the stock market. Okung is a savvy investor who is clearly looking out for his future.
Also CEO Alex Bouaziz from .deel offers the employees on his company the option to be payed in bitcoin
Bouaziz argues that there is another big advantage to using cryptocurrency, which is that it gives employers a new way to attract workers. In today's economy, there is a lot of competition for talent. By offering to pay workers in cryptocurrency, employers can stand out from the crowd and attract the best workers.
Overall, using cryptocurrency to pay workers has a lot of advantages. It is fast, cheap, and can help employers attract the best workers. With the trend of remote work only increasing, it is likely that we will see more and more employers paying workers in cryptocurrency.
Also Luana Pinheiro, a Brazilian professional mixed martial artist, will become the first Latin American athlete and the first female UFC fighter to be paid in Bitcoin due to a partnership with Bitwage. This 28-year-old fighter is currently ranked #15 in the world in the Best Female Strawweight category.
In addition to being a talented MMA fighter, Pinheiro is also a member of the BH Rhinos. She has a pro-MMA record of 10-1-0, and is currently on an eight-match winning streak. Thanks to her partnership with Bitwage, she is making headlines once again.
This is a significant development, as Pinheiro is the first female UFC fighter to be paid in Bitcoin. This partnership between Pinheiro and Bitwage could help to increase the adoption of Bitcoin and other cryptocurrencies among professional athletes. Bitwage is a payroll and invoicing service that allows businesses to pay their employees and contractors in Bitcoin. This partnership between Pinheiro and Bitwage will allow Pinheiro to receive her UFC payments in Bitcoin.
One way that businesses are considering to attract people to join their firms is by paying in Bitcoin and cryptocurrency. In 2021, we saw digital assets go parabolic, with the number of new crypto projects and the incredible rise in value of the asset class catching America and the world’s attention.
Paying in Bitcoin and cryptocurrency can be appealing to some people because it is a hedge against the U.S. dollar that’s being devalued due to rising inflation and questionable policies from the federal government and Federal Reserve bank. Others, especially young people, see cryptocurrencies as a YOLO (You-Only-Live-Once) trade that could make them rich quickly.
In recent months, a number of high-profile athletes have announced that they will be paid in cryptocurrency, with NFL players Russell Okung, Aaron Rodgers and Odell Beckham Jr. leading the charge. This trend appears to be driven by a desire to avoid the volatility of traditional currency, as well as to take advantage of the potential for cryptocurrency to appreciate in value. For athletes who are paid in cryptocurrency, this could lead to a windfall if the value of the currency increases.Former Seattle Seahawk Russell Okung has made headlines by deciding to receive half of his $13 million salary for 2020 in Bitcoin. This makes him the highest paid player in the league in terms of cryptocurrency. Okung appears to be making all the right moves when it comes to his money. Back in December, he decided that he wanted half of his contract to be paid in Bitcoin.
This move allows him to diversify his income and protect his earnings from inflation. In a time when the value of the US dollar is declining, Bitcoin is a smart investment. Not only does it have the potential to increase in value, but it is also not subject to the same fluctuations as the stock market. Okung is a savvy investor who is clearly looking out for his future.
Also CEO Alex Bouaziz from .deel offers the employees on his company the option to be payed in bitcoin
Bouaziz argues that there is another big advantage to using cryptocurrency, which is that it gives employers a new way to attract workers. In today's economy, there is a lot of competition for talent. By offering to pay workers in cryptocurrency, employers can stand out from the crowd and attract the best workers.
Overall, using cryptocurrency to pay workers has a lot of advantages. It is fast, cheap, and can help employers attract the best workers. With the trend of remote work only increasing, it is likely that we will see more and more employers paying workers in cryptocurrency.
We do this in a super-cool way that makes the flow super compliant from an [anti-money-laundering] perspective. By doing this, we’re enabling companies to think about talent and the quality of that talent versus things like restrictions.- Alex Bouaziz
Also Luana Pinheiro, a Brazilian professional mixed martial artist, will become the first Latin American athlete and the first female UFC fighter to be paid in Bitcoin due to a partnership with Bitwage. This 28-year-old fighter is currently ranked #15 in the world in the Best Female Strawweight category.
In addition to being a talented MMA fighter, Pinheiro is also a member of the BH Rhinos. She has a pro-MMA record of 10-1-0, and is currently on an eight-match winning streak. Thanks to her partnership with Bitwage, she is making headlines once again.
This is a significant development, as Pinheiro is the first female UFC fighter to be paid in Bitcoin. This partnership between Pinheiro and Bitwage could help to increase the adoption of Bitcoin and other cryptocurrencies among professional athletes. Bitwage is a payroll and invoicing service that allows businesses to pay their employees and contractors in Bitcoin. This partnership between Pinheiro and Bitwage will allow Pinheiro to receive her UFC payments in Bitcoin.