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Author Topic: Can we adopt altcoin to pay wages?  (Read 1694 times)
Farin Aliev
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August 15, 2018, 07:25:49 PM
 #201

I think that while it's all in the project. everything takes time. and of course, more to inform the population and investors
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August 16, 2018, 12:16:56 AM
 #202

Costa Rica has recently legalized paying wages in bitcoin and I believe a lot of companies will use that chance. Also, there was news of a whole football team getting paid in crypto. So there is nothing impossible.

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August 16, 2018, 12:17:49 AM
 #203

Crypto is still in the early stage and volatile
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August 18, 2018, 03:33:09 AM
 #204

I think there have been some news with respect to nations who began to acknowledge digital currency installment as compensations. There are additionally stages that are being created to pay crypto for their work, an illustration would be DIGIWAGE which could shape the fate of consultants industry through their decentralized independent work environment. In our age, once cryptographic money has been completely created, there is no doubt that we are going towards a cashless society.
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August 29, 2018, 04:56:38 AM
 #205

Yeah, bounty companies. But as a main income, no it is not yet possible. In the future, it will be possible, and I want to believe that it will be.
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August 29, 2018, 04:59:56 AM
 #206

Of course, you can use altcoin to pay your wages. At present, Japan has already done this. I think that in the future, altcoin will become the basic way to pay wages. I think this operation will not cause any problems, which is more convenient.
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August 29, 2018, 05:51:45 PM
 #207

This concept can perfectly adapt to altcoins like payroll wages but there are still many risks involved, since electronic money is now a line itself that is still unclear on how to adjust its volatility. Always unpredictable unless currency is only acceptable in the ecosystem and the exchange rate is always justified such as directly exchanging an apple into one altcoins regardless of external ecosystem inflation. .
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August 29, 2018, 05:54:00 PM
 #208

There are many companies that pay salaries through cryptocurrency. Like the staff of binance, they receive a salary from BNB. That is a positive sign and in the future we will see it very popular

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August 29, 2018, 05:55:11 PM
 #209

Because of the large volatility, it will not be so soon, but the employer will be able to use the crypto currency as an additional reward.
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September 02, 2018, 06:45:41 AM
 #210

One of the bigger problem in paying wages in cryptocurrency is due to the volatility of cryptocurrency. For instance, if you are to pay $100 in wages, and you do it in bitcoin, and when the bitcoin is cashed out, its values may decline. So it is difficult on that point. But one can use it in the method of payment. or buying goods. It can also be taken as assets like gold.
vinayak2628
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September 02, 2018, 06:48:04 AM
 #211

In crypto prices always fluctuate If price go high they no problem but price goes down then we will get loss....
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September 02, 2018, 06:56:38 AM
 #212

I think this can be done but because of the price fluctuation this will affect what we get at the end of the day and as we have seen in the past months, I don't think I want my wages paid with alts.  Grin Grin Grin
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September 02, 2018, 06:58:35 AM
 #213

Maybe if coins were used to pay for everything. Their exchange rate also changes every day, if you keep them until next month, maybe the value is only 1/10.


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September 02, 2018, 07:02:27 AM
 #214

The main problem is the high volatility in the cryptocurrency market.Because of this, it will be difficult to pay for goods and services.On the other hand, the existence of laws could solve this problem.
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September 02, 2018, 07:03:25 AM
 #215

In my opinion, the main problem at the moment is that there are few stores that accept cryptocurrency. Thus, the person who received the salary of altcoins will be forced to exchange them for Fiat. Given the volatility of the market, he can exchange them at a low rate and get less Fiat. I think that the payment of salaries altcoins premature!

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September 07, 2018, 01:42:03 AM
 #216

If you use altcoins such as DOGE, RDD, STQ, SIA might be acceptable, because altcoins look stable even though sometimes there is a price increase.
The rest is possible after receiving a salary with Altcoins directly converted with FIAT.

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September 07, 2018, 01:50:27 AM
 #217

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it? 


It will be possible ofcourse but not at this moment and not even tomorrow

Many things we must consider and specially bitcoins presence,because for now only the number one coin is the popular anf trusted coin than can be used as currency for many transactions and same as salaries,but for sure in future when all of altcoins are considered as coin then all you ask will come true

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September 07, 2018, 01:54:16 AM
 #218

I think this is not possible. Altcoin prices change daily and are not stable. This is the biggest barrier to altcoin pay.
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September 07, 2018, 01:54:38 AM
 #219

I don't think it can be done for the time being. Not everyone accepts the industry, and the volatility of the cryptocurrency is too big to pay.
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September 07, 2018, 01:58:15 AM
 #220

I don't think workers will want their wages on altcoins knowing the cryptocurrencies have very volatile prices. For me, even though I invest in cryptos, I still want something more stable like fiats instead of a coin that could lost half it's value on a week.

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