Japanese company will start paying salaries in Bitcoin

[pushkarmore]

It's a great idea to pay the salary of the employees in bitcoin as it would a great positive sign for both the company and employees. Japan is really taking bitcoin in a serious manner and they are taking every necessary step for making bitcoin as their national currency as they are loving it. I hope it will also boost their economy to some extent and slowly bitcoin will be using by each and every single citizen of japan for their day today expenditures.

[fanten]

This is so cool. Decentralized job is coming soon. I am moving to Japan to get a new job there soon (just kidding). 

[carlisle1]

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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wow this is a great news to the crypto community,this is an example that
sooner companies will pay employee in cryptocurrencies instead of physical money.
and this is a time for another celebration.for the progress of the community

[sampalokmix]

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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Of this is true It will not be shock given the fact Japan is one the richest country around the world, and the people may corntribute a lot to Bitcoin price because of their profits.

[shone08]

This is so cool. Decentralized job is coming soon. I am moving to Japan to get a new job there soon (just kidding). 

Hehehe moving to japan why not by the way this is pretty cool news for every people in the japan hoping in my country will also allow to pay salary in bitcoin.
This news reflect how japan really advance by using cryptocurrency the good thing most japanese are using bitcoin for easy and safe transaction.

[bambazamba]

I still remember reading those threads, where it was discussed that Bitcoin as a salary in your company and it is really overwhelming to see such news coming from Japan. Japan has made remarkable progress in the field of bitcoin and they are setting new goals every time for other countries  to achieve. These news and other updates from Japan make it one of the most suitable country to live and earn in bitcoin. This is for sure now that bitcoin will rule japan market for long time even if major players quit like China, Japan is going to stay for long.

[joebrook]

This is actually profitable for the company and even to it's workers. As it's mentioned this new scheme will be started from feb the company could accumulate btc now and until feb there is a really high chance the price increases with this the company could save a lot.

For the employees as well there is a advantage if they get their btc and right next day it get's pumped it becomes even more profitable for them or they can simply use it for saving it.

I really don't see how it will be profitable for the company who is paying its employees in bitcoin, because as time will go by, the value of bitcoin would definitely rise and they would realise that they have paid a whole.

[Bay_Harbour_Butcher]

I think Japan is always one step ahead, especially in terms of technology, as well as bitcoin, I hope my country can also be as japanese, especially if the salary we earn on pay with bitcoin, it will be very interesting

[1NV3ST0NM3]

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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First of all please try to quote the source from where you have picked such news. Then yes Japan is really making a leap forward for widespread use of bitcoin considering that japan is the birthplace of bitcoin itself. But still this thought makes me quite confused as this salary payment would cost company a hell lot of fees and same would be the case with the people too. I don't think currently bitcoin is efficient enough for a widespread use.

[bigmaster23]

What a shock to me that Japan (Tokyo) will start paying their employee a bitcoin this could surge again bitcoin by February next year but this will happen after 2 to 3 months of period before bitcoin dramatically rocket fire its price if my calculation is right and if you believe in me about 30kdollar per 1.0btc.

[bitorama]

Japan is now a crypto country

[cryptomato]

THats pretty cool! Would be shitty if the price drops the day after your payday tho I prefer my salary in FIAT currency.

That is very good news. Congratulations to this Japanese company. They can provide an option to choose maybe? People who want can get fiat or btc whatever they want lol

[nominee]

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?

The first big step for the bitcoin adoption, again in Japan.

I really admire Japanese government because of their support to bitcoin. This is great enough to congrats them. This will make bitcoin more reputated.

[bitbunnny]

For Japan that doesn't surprise me, actualy I was expected that to happen even sooner. This is great news for Bitcoin adoption but when I think if I would like to get my paycheck in Bitcoin, I'm not so sure. Bitcoin is very volatile and this could be very tricky. Maybe just some smaller part and the larger one in fiat money. Still I beleive that many companies will follow that example in the future.

[googlebtc]

If this is implemented, it will make it easier for the owners of the company to be imitated by the owners of other companies in any country, I think this is a good example where all business owners can also monitor their employee transactions especially if it is also applied to employees who work in government

[ubanx]

I think its a great initiative to establish a precedent and many other companies will follow. It has its riks but its where the world is going

[BitcoinsGreat]

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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Bitcoin is advanced in japan and to much famous since the founder of bitcoin it self belongs to japan.They support bitcoin more than other country especially in aisa. Glad to hear they will start paying salaries in Bitcoin. In my country I don't see any project which start paying in bitcoins. I think people in japan are to much lucky.There Government support the crypto currencies

[italianobitcoin]

I think its a great initiative to establish a precedent and many other companies will follow. It has its riks but its where the world is going

It is, however more countries should be more tolerant and open towards bitcoin if you ask me. It's has been proven that even the IMF is pro crypto currency since it makes things more transparent, fast and decentralized.

[Vikingr]

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.


Copied from a news site.

Bitcoin is advanced in japan and to much famous since the founder of bitcoin it self belongs to japan.They support bitcoin more than other country especially in aisa. Glad to hear they will start paying salaries in Bitcoin. In my country I don't see any project which start paying in bitcoins. I think people in japan are to much lucky.There Government support the crypto currencies

It is cool. Japan is very advanced in use of technology. That is the main reason for the growth of Japan is too fast. The Japanese company starts salaries in Bitcoin having sense of virtual currency. That is more secure and fast in transaction. The employee of that company can save Bitcoin as asset and will be converted it in to traditional currency when they need of money in future. Otherwise the balance of their money is also increase with the price of Bitcoin increases.

[rezius]

This is awesome news. I love Japan.

If Bitcoin ever does become a real preferred currency, it's definitely starting in Japan (and perhaps South Korea) long before anywhere else.