Japanese company will start paying salaries in Bitcoin

[shamzblueworld]

TOKYO: A Japanese company will start paying part of its employees’ salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.

GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year.

“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii told a French wire service.

“We hope to improve our own literacy of virtual currency by actually using it,” she said.

The offer will be open to around 4,000 employees of the GMO group in Japan, she said.

The company started a Bitcoin trading and exchange business in May.

And next month, it will join the so-called “Bitcoin mining” business — gaining the right to receive new Bitcoins as a reward for helping keep the network secure by approving transactions.

World Bitcoin prices have surged globally this year, soaring from less than $1,000 in January to $17,000 this week.


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[amrulshare]

well, Bitcoin in Japan is very advanced and many cryptocurrencies also experienced popularity as a result of Japan. this is one of the positive things for bitcoiner in the world, but there are still many countries that have not enforced it. whether Bitcoin in 2018 will be a historic day for bitcoin and change the Government in a world that denounces it?

[putlink]

Japan's use of Bitcoin and the blockchain seems to be much ahead of other countries.

[Noesly]

Its good to hear that the Japanese company will start paying salaries in bitcoin, and if we true may and possible is another country will be think like this or think way to make lika Japanese.

[cryptotask_support]

Great news. I love japan, why my country is not so progressive

[KuromaYoichi]

I think it's fine to leave the source of the news here. Japan is the leading country in term of crypto adoption so it's not rare to see them become the first one to implement this kind of move. They have a lot of merchants who accept bitcoin so it's not a problem receiving the salaries in bitcoin. I think other companies will see the result first before deciding whether they want to follow this move or not.

[rushel22]

Japan's use of Bitcoin and the blockchain seems to be much ahead of other countries.

Wow!  That would be great especially to Japanese who are already started earning and using it as one of their source of income. They will surely be happy with this good news. But to those Japanese who aren't familiar with it yet would have difficulty in adapting the new way of receiving their salary in cryptocurrency.

[Asmonist]

If they started it then eventually for other countries. Bitcoin is trending today and it will be more popular in the next years. Japanese company and so with other companies adopt and will adopt this digital currency as the world is going digital. The market is more like of online strategy. People are starting to get livelihood from bitcoin. In this way its not impossible to get salaries out of bitcoin.  And even these companies are trading and investing in bitcoin.

[lenadisano]

Serious approach to cryptocurrencies, that's what I see. Such a decision - a very good prospect for the company's employees. They have the opportunity to regularly invest in cryptocurrency without commissions and earn.

[secondgarlic]

Doesn't this look like a decision which the company could regret not in the distant future? If the price continues to rise as it does right now, they will see that they have to constantly pay more in fiat to their employees. But in any case, this is good news and could perhaps even be used as PR material for the company as well.

[Shamie1002]

I really admire the country Japan in their strategies and being very adaptive about these kind of technology. I see how much they are advance in technology and how they still develop themselves and how they keep in mind that there are more room for improvement.
I won't doubt a bit if Japan will replace the title or achievement of China being the most influential country involved in cryptocyrrencies.

[Satish147]

Yeah, recently I am also heard about it. It is really good sign to use Bitcoin for daily use.

Bitcoin is coming in big with eBay announcement

[LFC_Bitcoin]

Japan is at the forefront of bitcoin adoption so this doesn’t surprise me at all. More & more articles like this will begin to emerge as time goes on.

[knien]

I think this is good news, but I'm wondering how many of the employees will actually choose to receive their salary in BTC.

[Denker]

I think this is good news, but I'm wondering how many of the employees will actually choose to receive their salary in BTC.

If they are smart and their employer fair, they will be able to decide how much of their salary will be paid in Bitcoin.
If you're more conservative you for instance would choose to get 20% in BTC and the rest in fiat.
If you're convinced BTC will make to a global phenomenon, well choose to get 80% paid in BTC.

[hakimovic]

TOKYO: A Japanese company will start paying part of its employees’ salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.

GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year.

“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii told a French wire service.

“We hope to improve our own literacy of virtual currency by actually using it,” she said.

The offer will be open to around 4,000 employees of the GMO group in Japan, she said.

The company started a Bitcoin trading and exchange business in May.

And next month, it will join the so-called “Bitcoin mining” business — gaining the right to receive new Bitcoins as a reward for helping keep the network secure by approving transactions.

World Bitcoin prices have surged globally this year, soaring from less than $1,000 in January to $17,000 this week.


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But how come ? bitcoin price right now is very dodge and unstable.They could pay them 890$ worth of bitcoin tomorrow it would be 700$ or less. I think it's a bad idea to adop bitcoin as payment method right now , better wait till lightning network is introduced.

[Reid]

The good part is they still have the choice to receive it thru bitcoin or not.
It is Japan and they are already using it. They are just spreading the news more by that means.
So I guess maybe half of their employees will be accepting bitcoin as payment instead of Yen.
I would really love to experience that if I am on their side.

[staradvincula]

I think this is going to be an experimental procedure how will they fully implement the use of bitcoin in their country.  And if it succeed, some companies will follow.

[Dani33]

Japan is really an advanced country, this shows like the bitcoin is becoming ever more famous and i hope that other country can take example in the future for the payment of the salary

[drunkcoin]

Does anybody know what jobs are available at that company and what are the job requirements?