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The cryptocurrency market has continued to boom despite the global pandemic causing adverse conditions in the global economic market. Several startups have emerged in the crypto market space to cater to the ever-increasing demand for Bitcoin and other cryptocurrencies.
Over the years, the value of Bitcoin has increased up to a considerable extent. It has led several companies to accept this crypto as a legitimate means of payment and transactions. Recently, many companies have also started paying their employees in Bitcoin. Usually, crypto companies making their coins pay their employees in their local coin; hence, it is not unexpected.
Let us look at some of the top companies paying their employees in Bitcoin.
GMO Internet Group focuses on developing internet infrastructure, online advertising, media, internet finance, and cryptocurrencies. GMO partners with sophisticated institutions, financial intermediaries, and families to provide innovative solutions to meet customer demands.
Last year, GMO declared that its employees would start receiving payments in Bitcoin. This initiative was taken to develop and promote cryptocurrencies. The offer was available for 4000 employees in the Japan headquarters of GMO.
Currently known as OpenWeb, Spot.IM aims to democratize and improve conversations online. The platform uses AI and machine learning to promote healthy dialogue, decrease toxicity, and improve engagement among different communities.
The company has opened its own cryptocurrency exchange where the monthly salaries of all employees will be converted to BTC and sent to the employees' digital accounts. It considers the average of the highest and the lowest Bitcoin values on the day of the transfer so that market volatility does not affect the payments.
SC5 is a Finnish internet technology company that develops applications, software, and offers other related services. The company performs technical evaluations and migration assessments. It also creates and implements concepts and solutions from ideation to post-analysis. SC5 has started paying its employees in Bitcoin long back in 2013.
Fairlay is a Bitcoin prediction/betting market and a cryptocurrency exchange. Founded in 2013, the company aims at providing reliable information to everyone. Earlier, most of its predictions revolved around sports. But with the development and progress of the company, it proceeded towards crypto predictions and provides one of the most popular crypto betting platforms.
Since Fairlay is a crypto exchange, it has been paying its employees in Bitcoin for a long time.
Founded in 2014, Purse.io is a website that provides its users with unused Amazon gift cards and also allows its users to buy products from Amazon on crypto. Purse.io pays its employees in Bitcoin Cash. This service aims to make crypto more useful. The wallet allows its users to name their discounts while shopping for any product on Amazon. It connects shoppers who wish to exchange their Amazon gift cards for Bitcoin.
Bitwage aims at creating solutions for companies and their workers by providing services like payroll, invoicing, and digital assets. Since its launch in 2013, over 5000 qualified employees have applied for the service that pays in Bitcoin on Coinality. Bitwage allows converting fiat currency salaries into cryptocurrencies and, this service is currently available for all employees in the UK, US, and Europe.
