Almost 1/4 of Belgian employees are willing to receive crypto-salary

[PawGo]

A recent study by iVox commissioned by Partena Professional shows that 22% of the employees surveyed are open to the idea of ​​receiving part of their wages in cryptocurrency. Within that group, especially men (30% of the total number of men surveyed) are willing to be paid partly in cryptocurrency. In the category of employees under the age of 35, 35.9% are in favor of this idea. This age group is most positive about a salary in cryptocurrency.

Currently it is not allowed, as cryptocurrency is not recognized as a legal tender. The same rules is for base salary and for bonuses - even with agreement between employer and the employee.

More details: https://hrmagazine.be/nl/posts/een-op-vier-bereid-om-stuk-loon-te-krijgen-in-cryptogeld

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[mk4]

It seems like the article didn't mention the sample size of the survey (I'm just using Google translate) so I'm skeptical. I don't know — but in the current market situation(mostly bearish), 22% seems quite higher than what I'd expect.

[PawGo]

It seems like the article didn't mention the sample size of the survey (I'm just using Google translate) so I'm skeptical. I don't know — but in the current market situation(mostly bearish), 22% seems quite higher than what I'd expect.

I have found in the other source that it was around 1k people, possibly error 3,02%.
There is an article on Partena page (some more details included): https://www.partena-professional.be/nl/nieuws/22-van-de-werknemers-staat-open-voor-een-gedeeltelijke-verloning-cryptogeld

[Vaskiy]

Long back itself Belgian MP Christophe De Beukelaer showed interest in receiving his salary in terms of Bitcoin. As things weren't working fine within the country, he used to convert his salary in Euro to bitcoin using the popular exchange Bit4You.

The country have got good number of cryptocurrency users and the survey shows how interested are the people in receiving their regular salary in bitcoin. Few companies around the world pay in Bitcoin and this helps the employees in transferring to home country without depending on third party services.

[pawanjain]

A recent study by iVox commissioned by Partena Professional shows that 22% of the employees surveyed are open to the idea of ​​receiving part of their wages in cryptocurrency. Within that group, especially men (30% of the total number of men surveyed) are willing to be paid partly in cryptocurrency. In the category of employees under the age of 35, 35.9% are in favor of this idea. This age group is most positive about a salary in cryptocurrency.

Currently it is not allowed, as cryptocurrency is not recognized as a legal tender. The same rules is for base salary and for bonuses - even with agreement between employer and the employee.

More details: https://hrmagazine.be/nl/posts/een-op-vier-bereid-om-stuk-loon-te-krijgen-in-cryptogeld

That is what I expect too. If I were given this option I would be more than happy to receive a part of my salary in crypto.
This is because we always have the option to convert it into fiat via exchange and the rest of the time we can simply hold it to maximize the returns.
I wish there was this option in the company I work for too but I guess we will have to wait for a long time to see this happening in real time.

[kryptqnick]

The percentage rate is pretty high if it's truly representative of the population. I couldn't fully understand whether the survey was only among employees of one specific company or not, but it seemed this way, and in that case, it's likely not representative. Then again, PawGo says the survey was of a thousand people with a 3% margin of error, which does sound like a representative poll.
Also, the article says those who are interested in being paid in cryptos would invest long-term or just use as savings (at least from how I understood google translated version of it). That's not a typical usage of a salary, IMO, as people usually work because they need money for their expenses, not investments. Or perhaps the question was (or was interpreted in such a way) about getting a part of the salary in cryptos, then it would make more sense why people see it as something to save or invest.

[ChiNgadOr]

A recent study by iVox commissioned by Partena Professional shows that 22% of the employees surveyed are open to the idea of ​​receiving part of their wages in cryptocurrency. Within that group, especially men (30% of the total number of men surveyed) are willing to be paid partly in cryptocurrency. In the category of employees under the age of 35, 35.9% are in favor of this idea. This age group is most positive about a salary in cryptocurrency.

Currently it is not allowed, as cryptocurrency is not recognized as a legal tender. The same rules is for base salary and for bonuses - even with agreement between employer and the employee.

More details: https://hrmagazine.be/nl/posts/een-op-vier-bereid-om-stuk-loon-te-krijgen-in-cryptogeld

That is what I expect too. If I were given this option I would be more than happy to receive a part of my salary in crypto.
This is because we always have the option to convert it into fiat via exchange and the rest of the time we can simply hold it to maximize the returns.
I wish there was this option in the company I work for too but I guess we will have to wait for a long time to see this happening in real time.

There are some persons who will be very interested in earning through cryptocurrency especially now that the market is down and those who can hold their coins till the next bull season will be able to earn more and make a lots of profits from the market. The market is very big enough to get us what we want only if we are very patient to see ahead if us.
It will be a big opportunity if they finally start earning in Bitcoin especially for those that had been longing to earn their wages or salaries in Bitcoin.

[Ultegra134]

As mk4 already mentioned, the article doesn't disclose the sample size, which is a vital number when making such bold claims. If we suppose that this survey is up to statistical standards, 22% is quite a significant percentage.

Honestly, if I had the option to be paid in Bitcoin, I'd be quite skeptical to accept it. Your monthly salary is supposed to cover your expenses, settling for something that is volatile doesn't sound like a good idea. I'd rather set aside a X amount of money which goes towards investing.

[jrrsparkles]

A recent study by iVox commissioned by Partena Professional shows that 22% of the employees surveyed are open to the idea of ​​receiving part of their wages in cryptocurrency. Within that group, especially men (30% of the total number of men surveyed) are willing to be paid partly in cryptocurrency. In the category of employees under the age of 35, 35.9% are in favor of this idea. This age group is most positive about a salary in cryptocurrency.

Currently it is not allowed, as cryptocurrency is not recognized as a legal tender. The same rules is for base salary and for bonuses - even with agreement between employer and the employee.

More details: https://hrmagazine.be/nl/posts/een-op-vier-bereid-om-stuk-loon-te-krijgen-in-cryptogeld

If they are interested in receiving part of their salary like 20 to 30% then its good because for people who like to save can avoid conversion fee to trade their fiat into crypto but if they are ready to get paid completely in bitcoin then it may do more bad things than good for bitcoin because obviously people will sell their salary for fiat then only they can spend it for their needs which will create great manipulation in the bitcoin price at the salary time so this will give chance for rich people to get richer by buying them cheaper and selling them higher for every salary periodic table.

So first we need the infrastructure to spend bitcoin before talking about getting paid in bitcoin with our full time job.

[BIT-BENDER]

It's understandable infact, since Bitcoin and crypto-currency isn't government owned or under governmental policies in some countries that hasn't restricted it, taking salaries in Bitcoin and Crypto-currency has great benefits especially in this global recession and inflation. It would be difficult for the value of Bitcoin to fall and remain their for a very long time, but some currency like the one of my nation quickly gets devalued and always take longer time to bounce back and some time it doesn't.

[stomachgrowls]

A recent study by iVox commissioned by Partena Professional shows that 22% of the employees surveyed are open to the idea of ​​receiving part of their wages in cryptocurrency. Within that group, especially men (30% of the total number of men surveyed) are willing to be paid partly in cryptocurrency. In the category of employees under the age of 35, 35.9% are in favor of this idea. This age group is most positive about a salary in cryptocurrency.

Currently it is not allowed, as cryptocurrency is not recognized as a legal tender. The same rules is for base salary and for bonuses - even with agreement between employer and the employee.

More details: https://hrmagazine.be/nl/posts/een-op-vier-bereid-om-stuk-loon-te-krijgen-in-cryptogeld

Good thing if it would be approved but since its been said that it will really be needed for it to be legal tendered then those employees would really be just waiting for it to be allowed.
Doesnt matter if they would received crypto salary or not then it will always boils down on approval.If that 22% is really that eager then its just not a problem for you to
buy bitcoin out of your fiat salary.Its never been a problem if you are really that eager when it comes to that.Any news that related to this
is always been positive. Recognition never stops although we are on a bear market as of this moment but still these kind of moment and news
do really give out some boost up.

[goldkingcoiner]

Currently it is not allowed, as cryptocurrency is not recognized as a legal tender. The same rules is for base salary and for bonuses - even with agreement between employer and the employee.

I am not sure about Belgium but in my European country, if a boss wanted to pay you in cryptocurrency, he could. But if he does, he might, depending on the situation be forced to pay double. Because, as you said, cryptocurrency is not recognized as legal tender. But I am no lawyer so I have no idea how to set that up in a way that works for everyone. Personally, I would prefer to be paid in Bitcoin. That way you can avoid your money coming anywhere near a bank. And if you were planning on investing in Bitcoin anyway (like me),  then whats the problem?

Everyone should be free to decide if they want fiat or crypto. The government should have no say in whether I get paid in silver coins or Euros or Dollars or strawberries.
That decision is up to me and my contractual partner (Boss).

Although the boss should not be allowed to decide for you, I should add.

[Die_empty]

A recent study by iVox commissioned by Partena Professional shows that 22% of the employees surveyed are open to the idea of ​​receiving part of their wages in cryptocurrency. Within that group, especially men (30% of the total number of men surveyed) are willing to be paid partly in cryptocurrency. In the category of employees under the age of 35, 35.9% are in favor of this idea. This age group is most positive about a salary in cryptocurrency.

The rate of acceptance and adoption of bitcoin by the young generation is proof that it would be the currency of the future. The research showed that those in favor of this idea are employees between the ages of 35 and below, which is a clear indication that when the older generation of political office holders are replaced in the future by the younger ones, bitcoin would be generally adopted. This is because the younger generation tends to understand the operations of bitcoin and others more than the skeptical older generation.

Also, the article says those who are interested in being paid in cryptos would invest long-term or just use as savings (at least from how I understood google translated version of it). That's not a typical usage of a salary, IMO, as people usually work because they need money for their expenses, not investments. Or perhaps the question was (or was interpreted in such a way) about getting a part of the salary in cryptos, then it would make more sense why people see it as something to save or invest.

If it is true that those interested are required to invest a long time in crypto for them to access the payment option, then it is not proper. People should be given the freedom to choose what they want to do with their earnings. Investing in bitcoin and other cryptocurrencies might be ideal but it should be done voluntarily.

[tbct_mt2]

It is a good start but they (employees) will have to go and experience themselves from
- Being ready to receive salary in cryptocurrency
- Actually receive it for their salary
- Actually experience how to use crypto-salary to cash out or to pay for things in their lives
- Experience increase or decrease of salary value because of the cryptocurrency market volatility

After a few months, they will have clear thoughts on whether they would like to continue to receive their salary in cryptocurrency or want to get in cash.

[noorman0]

So regulation affects sample results. Of the total number of samples who agreed to only make cryptocurrencies an investment instrument even though basically some of them can be spent on the spot through instant exchanges. I don't think this is a secret anymore, except for the question that the company offers crypto payments as a held investment (in the form of insurance, or some other less liquid form).

[Don Pedro Dinero]

Well, I'm not that surprised. I'm sure that if the same survey is done again, in 10 years' time in that area, the percentage of people will be higher.

Especially young people know what cryptocurrencies are, if they don't already have some. It is therefore not unusual for them to agree to hypothetically be paid part of their salary in cryptocurrencies.

This part of the salary is important, because it is most likely that the part they would be paid in cryptocurrencies would be used as an investment, doing HODL, at least for a while, but they will need the rest of the salary in fiat for their monthly expenses.

[mk4]

I have found in the other source that it was around 1k people, possibly error 3,02%.
There is an article on Partena page (some more details included): https://www.partena-professional.be/nl/nieuws/22-van-de-werknemers-staat-open-voor-een-gedeeltelijke-verloning-cryptogeld

I'm not super knowledgeable when it comes to statistics, but a sample size of 1000 is pretty small for the data to be close to being accurate. I'd say it's enough data for it to be interesting, but not something to take seriously.

[PawGo]

I'm not super knowledgeable when it comes to statistics, but a sample size of 1000 is pretty small for the data to be close to being accurate. I'd say it's enough data for it to be interesting, but not something to take seriously.

Yrs, we may always have doubts like that, as we do not know how the group was selected. But: AFAIK Partene is kind of "insurance" company, so they know very well if you are employee or self-employed, in which age group you are etc, so I believe they could prepare a sample group very well.

[Lucius]

I don't see that this news is something that points in the direction of people understanding what Bitcoin is, or that they want to be paid for their work in the same. From what is written in this thread, the article does not specifically mention Bitcoin, but cryptocurrencies in general, which means that an employee could also accept a stablecoin, or one of the top 100 altcoins.

For those who have not yet understood how PR works, we do it for the companies mentioned here in the context of those who did this survey. 1000 or even 5000 people in a country that has 11.7 million people is a drop in the ocean of opinion and it is nothing more than a classic manipulation in a series of those that we could read recently about how many Canadians will invest in crypto this year (30%) or even more US citizens. If these numbers were at least approximately correct, today 1 Bitcoin would be worth more than $100k.

[lizarder]

I don't see that this news is something that points in the direction of people understanding what Bitcoin is, or that they want to be paid for their work in the same. From what is written in this thread, the article does not specifically mention Bitcoin, but cryptocurrencies in general, which means that an employee could also accept a stablecoin, or one of the top 100 altcoins.

Seems like a pretty good step taken by the company, but I also randomly tried to browse and study news content, where there is no more specific mention of bitcoin.
That means it's still very open that companies will pay employee salaries using stablecoins or the top 100 altcoins as you described.
This is also not profitable for employees, because the salary they must receive with clear figures, changes when the coin price drops, it is different if payments are made in bitcoin, while Altcoins are still very volatile and not profitable for employees.

For those who have not yet understood how PR works, we do it for the companies mentioned here in the context of those who did this survey. 1000 or even 5000 people in a country that has 11.7 million people is a drop in the ocean of opinion and it is nothing more than a classic manipulation in a series of those that we could read recently about how many Canadians will invest in crypto this year (30%) or even more US citizens. If these numbers were at least approximately correct, today 1 Bitcoin would be worth more than $100k.

Thus the accumulated population does not fully represent the people there, it only involves some people who are members of the company or outside it.
Companies should encourage bitcoin to be more specific in paying employees salaries, so that their financial strength can increase in the next five years, thus this company revolution will greatly develop sensitivity and guarantee of economic growth within the company's scope.
It will look good and more and more companies will adopt these ways for economic development