If you can get paid through cryptocurrency, do you still choose fiat currency?

[cheezcarls]

I am working for a couple of crypto companies. One of them paid me in USDT and the other paid me in crypto. If I were to choose, I would be okay with USDT since it’s a stablecoin rather than in crypto that is subject to market volatility. However, I still need to convert that USDT into XRP in order to be withdrawn to my centralized wallet which was regulated by the government since there is no USDT feature yet.

[jrrsparkles]

If you are a salaried person then preferring the fiat as your salary has more benefits and still you can invest on the Bitcoin in just few minutes when you have fiat. But if you are getting some rewards in fiat can be asked in the btc so you can avoid paying taxes for that and also your salary from part time job can be in cryptocurrency.

[OrangeII]

If you are a salaried person then preferring the fiat as your salary has more benefits and still you can invest on the Bitcoin in just few minutes when you have fiat. But if you are getting some rewards in fiat can be asked in the btc so you can avoid paying taxes for that and also your salary from part time job can be in cryptocurrency.

personally, this is not a tax issue. to be honest, it's pretty good to get paid with cryptocurrency. however, as a good citizen, I would probably choose fiat for my salary. Meanwhile, in my salary, maybe I will divide some to be used as necessities, savings, and also investments. well, in a few percentages of my salary, I will probably choose one of the cryptocurrencies to be used as assets. however, I say like this if I am working on something in my city or country. if I do something online, it doesn't matter if I get paid using crypto or fiat.

[Gambit2s]

You dont have a choice really, Bitcoin isnt fully adobted by every country in the world yet so if want to pay for rent,food,gas ect... you'll have to use fiat.

[jrrsparkles]

If you are a salaried person then preferring the fiat as your salary has more benefits and still you can invest on the Bitcoin in just few minutes when you have fiat. But if you are getting some rewards in fiat can be asked in the btc so you can avoid paying taxes for that and also your salary from part time job can be in cryptocurrency.

personally, this is not a tax issue. to be honest, it's pretty good to get paid with cryptocurrency. however, as a good citizen, I would probably choose fiat for my salary. Meanwhile, in my salary, maybe I will divide some to be used as necessities, savings, and also investments. well, in a few percentages of my salary, I will probably choose one of the cryptocurrencies to be used as assets. however, I say like this if I am working on something in my city or country. if I do something online, it doesn't matter if I get paid using crypto or fiat.

Cryptos are known for its highest volatility range so if a salaried person make $1000 per month then the value may drop to $900 just few minutes after receiving them into their wallet so it will put their life in danger mode that's why I said its better to receive the basic source of income in fiat and the remaining in crypto currency if possible.

[Davidvictorson]

~ If you can get paid through cryptocurrency, which one would you choose?

I would probably prefer to be paid in fiat in full because I'm already familiar with how to trade/convert to crypto at anytime. I mean I can buy more BTC if I do it on my own rather than through a payment processor that takes a higher service fee than my usual exchange.

This is an excellent point. Unless my organization will shoulder the the responsibility of the service fee and other hidden charges, I think, I would like to be paid in fiat and it convert to crypto anytime I want. By the way, what happens when to the price fluctuates? Would it affect the value of my money should I decide to accept payment in crypto?

[kendedese]

no, I will still choose fiat currency. The value of fiat currency is stable so the value of the payment I receive will not decrease, besides that when making transactions directly, fiat money does not require additional fees. this is certainly inversely proportional if I receive payment in crypto.

[LUCKMCFLY]

They are as an investment and soon if adoption increases, we can pay it anywhere but this is for the most popular cryptos like bitcoin/eth, etc.

Well, this is a very important point, adoption is a fact, just thinking about El Salvador they already have plans being executed with great success, so much so that they are going to start generating mining taking advantage of the power of volcanoes, and everything they have. advance in projects in other countries want to adopt BTC.
Although banks and governments have always been very against BTC and everything that has to do with blockchain technology, now they have to start accepting, because countries like India and China that are refusing can do very badly if they don't catch up with the world economic trend.

[Tumanggor]

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose?

I choose bitcoin and if there is another choice then I will choose BNB

If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.

I certainly really want my boss to pay me with bitcoin

Do you think cryptocurrency payment will be a new trend in the future?

With the development of humans as well as technology that continues to be seen, I firmly believe that cryptocurrencies will become the payment trend in the future

[pickforbies]

Maybe from this question becomes the answer to ourselves about our support to Cryptocurrency uses or just want to profit from this Cryptocurrency trend. In this case, the hypocrisy of everyone who explains the future of Bitcoin is near, yet remains being mad and spiteful when the Bitcoin price drops.
[I'm in a position not to support Cryptocurrencies at the beginning of Bitcoin and finally open when the price reaches $25,000/BTC because I knew it will make big profit if I had one at that time.]

But I understand, of course many refuse to be paid with Cryptocurrencies because of the fluctuations (means, very active). it's not funny we get today our US$280/Month [I Lived in Indonesia, that's the average of salary here], and in 3 days just left only US$28.

We do not know up front if anyone can answer this anxiety. Indeed, there are stablecoins, but they don't seem to exist yet and our minds are still on fiat money.

[BITCOIN4X]

Since bitcoin is not yet legalized as a legal tender especially in my country then I don't think we will be getting that offer any time soon. Had the bitcoin been legal then it would still be possible to consider the offer from my side as I don't think it would be a big deal although market activity could affect the estimated amount when I receive bitcoin in the wallet.

For consideration, I get paid from the signature campaign as much as $80 every week in bitcoin. If I want then I can convert everything to fiat if I want to buy something in the real world or if not then I will keep 50% of the amount for future investment. I can comply with government regulation by not paying for any item with bitcoin in my country, so I have to convert it to fiat. But I doubt the government will let companies in my country pay their employees salaries in bitcoin even though they have to convert it to fiat when they want to buy something.

[Vaskiy]

If I get such an opportunity, then I'll request for a partial payment in cryptocurrency and the rest in fiat. At the moment we don't have big acceptance for cryptocurrency. The spreading is happening slowly and in some specific location it can be seen much. My location hasn't got such an access, so if I get everything in terms of bitcoin I find it difficult to spend.

Another important thing is the fee, if I get everything in cryptocurrency it'll cost me big if I want to change to fiat. If I get partially amount in fiat and the rest in cryptocurrency then the fiat amount gets used for spending and the payment in terms of cryptocurrency gets accumulated as savings/investment.

[jossiel]

no, I will still choose fiat currency. The value of fiat currency is stable so the value of the payment I receive will not decrease, besides that when making transactions directly, fiat money does not require additional fees. this is certainly inversely proportional if I receive payment in crypto.

Accepting payments in crypto is only for those who are fine with the risk, those who don't want to spend time converting it and find it easy if they just get paid in crypto.

It excludes the payment in stable coins.

[Sir Legend]

The use of crypto in my country can only be done online while I have little time to be online, and until now I have not seen any outlets or ATMs that accept cryptocurrencies so for now I prefer fiat if I receive a salary or from a business.

[ifarted]

If you can get paid through cryptocurrency, do you still choose fiat currency?

If i were getting paid through cryptocurrency i would probably convert it into fiat because fiat money is needed in our daily lives. Especially to the poors.

We can use it to pay for the bills, electric, water, food supplies and other needs. Unlike crypto not all stores accepts cryptocurrency. We can also save some money in case of emergency. Some hospitals accepts bitcoin for the payments but then again not all hospitals. It could be a little complicated. So that is why fiat currency gives more importance than the use cryptocurrency.

[Rockstarguy]

Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.

Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

Cryptocurrency payment would be a nice form of payment
One may decide to invest his/her Bitcoin in the wallet to get profit if the price of the booms up, I would really prefer payment in cryptocurrency .