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

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