According to a survey conducted by the Human resources startup, Chronobank, cryptocurrency enthusiasts wants their wages paid in cryptocurrency and also prefer jobs with payments in cryptocurrency rather than the regular fiat currencies.
Salary Payment In Cryptocurrency
The survey, which was conducted on 445 cryptocurrency enthusiasts globally to know the preference of cryptocurrency enthusiasts about remuneration. The findings of the survey show that most members of the cryptocurrency community are more than willing to get paid in cryptocurrency.
The survey shows that 66% of those surveyed would like their employers to change to a crypto form of payment and will be interested in getting paid using cryptocurrencies.
Notably, 83% of respondents stated that they look forward to receiving their bonus payment in cryptocurrencies as well. So also 72% of the participants prefer an employer that can pay cryptocurrencies for the services of their employees.
Meanwhile, the majority of the respondents believe in the growth of the value of cryptocurrency in the future. So also one-fifth of those surveyed would like to convert their cryptocurrency wages to fiat. 50% of the survey, however, shows that they prefer their salary in cryptocurrency because it helps them to spend less, while 19% prefer to use it for transactions.
The survey also shows that Millennials are highly interested in cryptocurrencies for speculative purposes. And about the countries who could switch to paying staffs cryptocurrencies, leading the pack in Japan with a 32% chance, followed by the U.S. with a 15%, and South Korea also with 15%.
The United States respondents stated that they believe more in South Korean 25% than in Japan 13%. Russia, on the other hand, thinks that Japan is the most dominant leader of the cryptocurrency industry.
57% of respondents are confident that the initiative will impact the economic growth of countries that adopt it.
As noted by IMF cryptocurrency might probably replace fiat currency. Thus most central banks are in the race of introducing blockchain feature to its industry, to compete with the nascent industry.