Categories: Bitcoin

Two-Thirds of Cryptocurrency Investors Want to be Paid in Bitcoin


A new survey by HR startup company ChronoBank has found that crypto investors are disappointed in the lack of employers willing to pay salaries in bitcoin and Most respondents said that getting paid in bitcoin would make them spend less.

ChronoBank believes that more crypto-payment options for employees would also benefit employers, and CEO Sergei Sergeinko stated:

“Most revealing was that 72% of those surveyed said they would prefer an employer who has the salary payment option in the cryptocurrency when choosing their next place of employment. These results suggest that employers need to get up to speed with crypto sooner rather than later.”

Half of the respondents identified as “hodlers” in the sense that they felt receiving wages in crypto would help them spend less. Sixty percent of respondents aged 18 to 24 expressed this belief, with a total of 19% of all respondents flat-out stating that they wouldn’t use the funds for transactions at all in the hopes that the value would increase.

Regulatory Uncertainty Strikes Again

The respondents, like so many in the space, stated that they were unsure of the rules of engagement when it came to receiving or handling cryptocurrency funds. Sergeinko pointed out:

“Even though there are ongoing changes in the legislation of different countries in the field of cryptocurrency, audiences are still not adequately informed about the innovations. Almost half of the respondents do not have enough information on whether salary payments in cryptocurrencies in their countries are allowed.”

While the regulatory attitude highlights how far we have to go in terms of setting out clear and consistent guidelines worldwide for blockchain and cryptocurrency usage, the survey respondents were optimistic about the future. The majority of HR respondents believed that blockchain will be used as a secure method for payment processing, and 57% of all respondents said that they were confident that payments in crypto would positively affect the economic growth of countries.

Images from Shutterstock

Follow us on Telegram or subscribe to our newsletter here.
• Join CLC’s crypto community for $9.99 per month, click here.
• Want exclusive analysis and crypto insights from CryptoLiveClub? Click here.
• Open Positions at CLC: Full Time and Part Time Journalists Wanted.

Advertisement

Disqus Comments Loading...
Share

Recent Posts

Exit Scam? Crypto Exchange Delists High-Profile Tokens

Twitter Facebook LinkedIn Between September and October, Liqui.io delisted 25 token pairs. A shrill Reddit user believes that signs point…

5 mins ago

Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

Twitter Facebook LinkedIn Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct…

1 hour ago

ABC Dev Won’t Rule out Changing Bitcoin Cash PoW Algo

Twitter Facebook LinkedIn The Bitcoin Cash civil war is just days away from culminating in a contentious blockchain split, and…

3 hours ago

Bitcoin Mining Giant Bitmain Shuffles Board Ahead of IPO: Report

Twitter Facebook LinkedIn Bitmain, the world’s largest bitcoin mining firm, has reportedly undergone a major board reshuffle ahead of its…

4 hours ago

Iran Removed From SWIFT, Will it Switch to Crypto as Planned?

Twitter Facebook LinkedIn This week, the U.S. officially removed Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network,…

5 hours ago

Hackers Demand $6.3 Million in Bitcoin From Malaysian Media Giant

Twitter Facebook LinkedIn AdvertisementRansomware creators have attacked Malaysian media giant Media Prima Bhd and are demanding bitcoins before they can…

6 hours ago

This website uses cookies.