PaymentX

@albste hello! We believe that number of employees seeking to receive part of their wages in cryptocurrencies will increase over time. There're some points why: - The ‘gig economy' Most freelancers are in the on-demand business, one way or another. Unlike traditional employment, there is rarely any developed labour legislation for gig economy workers, including regular salaries and benefits packages. Cryptocurrency, or rather blockchain, can solve this problem by using smart contracts to create agreements between employers and employees, or between platforms and workers. - Remote employment Remote employment is growing rapidly. Fast, secure, efficient and borderless, cryptocurrencies are a good way to pay remote employees. There is, however, one caveat: remote employment often involves interaction between workers and employers in different countries and, as a consequence, in different jurisdictions – with potentially different legal approaches to cryptocurrency payments. - Hi-tech industries In the most cutting-edge areas of the tech industry, traditional employer-dominated labour markets are being replaced by employee-dominated markets. In robotics, bioengineering, augmented reality and the blockchain sectors, for example, demand for highly skilled workers far exceeds supply. Suitably qualified and talented individuals can demand a high premium over their colleagues, with special remuneration packages often available to them. Benefits may include partial or full payment of wages in crypto assets, depending on the circumstances. It is also common practice for blockchain companies to offer bonuses in the project’s own tokens. Low-paid workers will typically want to continue to be paid in fiat currencies or equivalents, though these payments will take place within blockchain platforms that offer built-in protections such as smart contract agreements and reputation systems. Meanwhile, depending on their needs, the more workers are paid the more likely they are to keep an increasing proportion of their wages in crypto (primarily bitcoin), as a form of savings and investment. As for current problem with conversion of cryptocurrency into fiat money, there're crypto exchanges working with fiat and it's fully legal procedure in most countries.

@vadim_sergienko Please let us know if you have any feedback or features you’d like to see added.