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January 31, 2018, 08:03:57 PM |
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It's amazing how easily and quickly the Japanese seem to embrace new technology and then fit it into their daily lives. We seem to be years behind in the west and constantly paying catchup.
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l0uisStanley
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January 31, 2018, 08:06:02 PM |
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Japan is more developed than other countries when it comes to technology so bitcoin was expected to be more developed in this country
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lillyann
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January 31, 2018, 08:14:54 PM |
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A risky thing. One month we can earn several hundred thousand. another few dollars only. The btc price is unstable. This is not a good solution. I would not agree to something like that.
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InvestICO2L
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February 01, 2018, 06:57:04 AM |
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I think this is a more widespread way of using bitcoin in the community. If all companies pay a bitcoin, it is likely that bitcoin will be used more commonly. This is a way for Japanese people to have a better view of the true benefits of bitcoin. I am looking forward to one day receiving a bitcoin instead of the normal salary.
We all know that Japan is advanced country,which is well-known for many different field ,and do the cryptocurrencies. If Japan’s companies do proactively for paying salary, it may be a great news for crypto currencies. There are even many people start keeping eye on bitcoin, then there will have some countries all over the world realize this strategy. The future of bitcoin will be more bright and potential, especially we can get more benefits from bitcoin than past. Yep, I also hope to be paid salary by bitcoin. |
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bitcon
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February 01, 2018, 08:56:00 AM |
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That's pretty exciting. It shows how serious Japan is about getting away from the yen and getting into digital currencies. The yen has too many problems, mostly inflation, that Japan doesn't want to deal with. I like the serious approach that Japan has to new innovation and to solving existing problems in its financial system.
Yes, it is sure exciting, but I wish to ask a question. Will you agree to be paid for your work done in Bitcoins? BTC is a very volatile currency, and if you agree for getting salary in it, you risk. Am I wrong? |
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mitchel_am
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February 01, 2018, 01:28:16 PM |
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I would like to be able to get my salary in bitcoin. this way in few days after the pay day I could have more if I hold it there
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seoincorporation
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February 01, 2018, 05:13:07 PM |
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Well Japan is, certainly, improving a really intelligent system. I believe soon other companies will follow the idea, for BTC seems to be here to stay in the market as a really suitable item.
I wonder how they are going to set the salaries even when the price of BTC is always going up and down. Maybe would be better if they get X BTC amount/month, than X USD Amount/month. But tricky risk.
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alonrono
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February 01, 2018, 05:20:07 PM |
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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 $17,000 this week.
Copied from a news site.
Japen always open to this kind of things, actually it is pretty good for the Bitcoin. I hope in a few years Bitcoin will be pay as salaries in more and more places, and I believe in a few years in will be part of the paying method in a lot of places in the world. |
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Dulanjaya
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February 01, 2018, 05:46:12 PM |
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Actually, this will be interesting, The GMO Internet Company, which offers web-related service including bitcoin exchange, intend to pay salary by bitcoin up to 890$, starting in February, therefore, employees will be able to receive salary by bitcoin If they are interested in, not only that but also, the company is going to offer 10% bonus for employees who are interested in trying this opportunity.
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QuestionAuthority
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February 01, 2018, 05:52:29 PM |
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That’s too funny. This week you’ll be making $900. Next week $200. The week after $1,100 then $300. If they are going to give people the equivalent of their salary in btc, those people may never know if they can pay their monthly bills by the time they cash out to pay them.
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ArnoldChippy
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February 01, 2018, 06:21:13 PM |
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That’s too funny. This week you’ll be making $900. Next week $200. The week after $1,100 then $300. If they are going to give people the equivalent of their salary in btc, those people may never know if they can pay their monthly bills by the time they cash out to pay them.
That is a logical answer. But may be they are calculating the salaries of their workers in bitcoin for every month and they pay them in bitcoin, just here in this form some signature campaigns are paying to their participant in Dollar, they calculate dollar for bitcoin and then transfer fund in bitcoin. I think that in future when bitcoin will become more stable then it will become more easy for them to pay them their salaries in bitcoin. |
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QuestionAuthority
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February 01, 2018, 06:41:02 PM |
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That’s too funny. This week you’ll be making $900. Next week $200. The week after $1,100 then $300. If they are going to give people the equivalent of their salary in btc, those people may never know if they can pay their monthly bills by the time they cash out to pay them.
That is a logical answer. But may be they are calculating the salaries of their workers in bitcoin for every month and they pay them in bitcoin, just here in this form some signature campaigns are paying to their participant in Dollar, they calculate dollar for bitcoin and then transfer fund in bitcoin. I think that in future when bitcoin will become more stable then it will become more easy for them to pay them their salaries in bitcoin. Right, see highlight above. |
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Angel35
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February 01, 2018, 06:43:09 PM |
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Do any other japanese companies plan to do the same?
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Thyristor
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February 01, 2018, 06:50:15 PM |
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Wish I had been paid in BTC a few years ago.Eventually we'll all be paid in a crypto currency - its coming - its unstoppable now. However, the government ones will be inflationary and the decentralised ones will be deflationary.
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PatronRH
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February 01, 2018, 06:51:26 PM |
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In fact that's a cool thing japan is very advanced mostly in this kind of domain and cryptocurrencies are very advanced there. Plus the Japanese people believe in bitcoin so no wonder that a Japanese company would pay the employees in BTC
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cmaxwell
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February 01, 2018, 07:08:14 PM |
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well, this is a good news and i believe the country will implement it as soon as possible. japan economy is one of the leading economy in the world. this will even send a positive signal to other developed countries about virtual currencies.
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pvk444
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February 01, 2018, 07:15:48 PM |
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Woudn't want to be the guy who negotiated his salary end of last year at this company. Don't deny the upside, but the significant downside caused by the volatility of BTC would be too risky for me to rely on to feed my family off.
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EnormousCoin101
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BBOD fast, non-custodial & transparent Exchange
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February 01, 2018, 07:16:56 PM |
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It is February 2018 now so does it mean that this company will implement paying Bitcoin as salary to their employees? any updates from this news? I like the idea of this company even though they know the volatility of Bitcoin, employees should now learn how to HODL their salaries so they can gain a double pay  |
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fiomcorka
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February 03, 2018, 11:32:37 AM |
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That's pretty exciting. It shows how serious Japan is about getting away from the yen and getting into digital currencies. The yen has too many problems, mostly inflation, that Japan doesn't want to deal with. I like the serious approach that Japan has to new innovation and to solving existing problems in its financial system.
Yes, it is sure exciting, but I wish to ask a question. Will you agree to be paid for your work done in Bitcoins? BTC is a very volatile currency, and if you agree for getting salary in it, you risk. Am I wrong? I am incline to agree with you. Bitter truth it is. Bitcoin fluctuating nature is a little problem but only in this case. People can suffer loss anytime and that is not what employees would accept about their salaries. It is a way too early to do such things. The best is to treat bitcoin as an investment tool for now. But I still appreciate what Japan did because it shows its understanding of bitcoin. |
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