Updated: Aug 30, 2022
In some emerging economies, employees prefer to get paid in cryptocurrency. The benefits are there not only for the employee but also for the companies. Offering to pay people with crypto gives you access to a bigger number of candidates and getting paid in crypto can save you from a headache with money transfers between different jurisdictions.
At basenode.io we want to be a live example of how easy it is to pay in crypto and our CEO Oliver Schantin didn't hesitate to offer this option to some of our developers. Now we have a hybrid system where some employees get paid in fiat currency and others in digital tokens. Since we are an international team, the volatility of our native currencies is different, and we have different payment necessities.
In this article from Blockworks, Joel Oshiegbu a basenode.io employee talks about his experience getting his paycheck in crypto. How fast he gets his funds and lower commissions are some of the key points that you can read about in their blog. Nevertheless, you should always keep an eye on the different regulations that apply in the country where your company is based or the country where your employee lives. Read about our experience with paying salaries in crypto here:
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At basenode.io, our mission is to eliminate the gap between traditional accounting and blockchain-based accounting. basenode.io is the easy-to-use accounting solution for digital assets that offers seamless crypto invoicing and portfolio tracking. We provide a self-explanatory user interface with a clean and modern look, that naturally supports your workflow. We support the most popular networks like Bitcoin, Bitcoin Lightning, Ethereum, Binance Smart Chain, Polygon, Ronin Chain, and more.
About Oliver Schantin
Oliver Schantin has been deeply involved in the blockchain and entrepreneurial space for several years. He founded his first blockchain startup in 2019 and is a frequent speaker and guest in various crypto-related podcasts, conferences, and summits. You can contact him via LinkedIn or Email.