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Today, people consider getting paid in digital coins adequate, yet itâs risky. In 2021 alone, the price of bitcoin surged $67,000 and sunk to under $30,000.
Stephen Gerrits â Clemson Universityâs chief in South Carolina possesses a part-time gig with a startup. He said, âI get paid in cryptocurrency.â Gerrits added, âWhy not grab on the opportunity to kind of hit it rich, get some money out of it?â Gerrits works around 10 hours weekly at SharpRank. All he has to do is persuade people to download its mobile-oriented sports app. He gets paid in cryptocurrency for every single download.
Stephen said, âMost likely, I check my crypto account three times a week. Itâs fun to watch when itâs rising, but itâs not so much fun when itâs going down.â According to Gerrits, his earning in cryptocurrency is an investment. Well, his business managers see it as a brilliant way to lure talent.
A self-governing rating firm â SharpRank, uses âcampus captains,â prominent college students to discharge the duty of brand ambassadors. Chris Adams â SharpRankâs creator and CEO, said, âWe wanted to individualize ourselves from the pack when these potential employees looked at what we were doing as a startup.â
As per Adamsâ statement, above half of its young workers take at least some of their pay in crypto. These workers even call crypto a âcool factorâ in their jobs.
Cryptocurrency: Popular Payment yet Insecure
Today, people consider getting paid in digital coins adequate, yet itâs risky. In 2021 alone, the price of bitcoin surged $67,000 and sunk to under $30,000.
Ethereum, a popular cryptocurrency pre-owned by developers to control decentralized applications, is popular with artists. On December 1, 2021, this coin jumped to an all-time high near $4,800 & had traded lower since, swinging between $3,600 and $3,900 in the last week.
Famous Personalities Interested to Accept Payment in Crypto
Artists, players, & musicians are also getting paid in crypto. Artist Tiyanna Brown, just 29, shows his belief in the crypto economy. Heâs enthusiastic about taking the risk to get a foothold in the crypto account. Brown paints acrylic on canvas & sells digital art. She accepts cryptocurrencies such as Ethereum as payment.
With more young workers spearing into the workforce interested in getting paid in crypto, several companies are considering paying salaries in digital tokens.
Phil Bauknight â chief of Fisher Phillips Cryptocurrency and Blockchain Taskforce, said, âOptions can be taken to understand and mitigate risk.â Businesses must adjudge federal, state, and local requirements and write that an employee is ready to be paid in crypto.
The post More Businesses Offer Crypto Incentives In A Bid To Lure Younger Workers appeared first on CoinGape.
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