Companies paying in cryptocurrency benefits and risks

Fenika Bench

I was feeling excited offering a position to the candidate across from me. It’s so tough these days to get people to apply and show for an interview. Being at the offer stage was pretty thrilling.

“We pay either by direct deposit or through reloadable cash card. Which would you prefer so that I can provide you with the right paperwork?”

The candidate looked at me, surprised. “I want to be paid in crypto. What options do you have for me?”

Wait, what?

Yes, it’s the newest trend. Sports stars like Russell Okung and Aaron Rodgers have confirmed that part of their compensation is in cryptocurrency. The mayor of Miami is taking his paycheck in Bitcoin, and the mayor of New York City announced he is looking into the possibility of paying city employees in digital assets while also taking his first three paychecks in crypto. 

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