I recently convinced my employer to start paying me in BTC, it has been great

[wd1]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

OP, your post seems vague and you have to answer some questions.
Where do you live? Turkey, Argentina, Venezuela, or some African or Asian country?
Where do you convert BTC to fiat via P2P trading? Bisq, Hodlhodl, Localmonero, Agoradesk, Bestchange or somewhere else?
What kind of obstacles are you facing for getting your money to your local bank account?
It seems that your employer has to convert fiat to BTC in order to pay you your salary, and then, you convert a part of your BTC salary back to fiat. This doesn't seem effective to me. Can't your employer just pay you in USD instead of BTC? Will your local bank accept USD transactions? There's no proof that you are getting a BTC salary. What if you are simply lying in order to get some merit for this post?

And I ask you, why are you this dubious of my post? I have answered all of the questions already I think except the country part. And I think it still allowed for a lot of productive discussion.

What if I am simply excited to tell people about what I think of BTC, Did that possibility occur too you at all? You can check my profile and see I am serious person. I am not going to egregious lengths just to pass your extremely perusal bar.

[noorman0]

Because if they have to buy Bitcoin at time of monthly salary distribution, it looks odds with me.

That's not odds in my opinion, approving a request for one employee is not a significant problem for the entire financial system. Moreover, buying bitcoin is not difficult for GBP as almost all exchange platforms provide this trading option.
The finance staff might reserve stable coins in a personal exchange account that offers the lowest withdrawal fees for the OP's salary in the next few months, then convert to bitcoin and withdraw weekly/monthly.

[bayu7adi]

Because if they have to buy Bitcoin at time of monthly salary distribution, it looks odds with me.

That's not odds in my opinion, approving a request for one employee is not a significant problem for the entire financial system. Moreover, buying bitcoin is not difficult for GBP as almost all exchange platforms provide this trading option.
The finance staff might reserve stable coins in a personal exchange account that offers the lowest withdrawal fees for the OP's salary in the next few months, then convert to bitcoin and withdraw weekly/monthly.

Even if transactions are to be paid in USDT, it ultimately becomes the same when the OP decides to purchase BTC and retains USDT for personal expenses until the next paycheck arrives. Because the salary has been agreed upon in the form of BTC, it actually simplifies the process for OP to save their BTC, as in some cases, individuals with less steadfast convictions may feel reluctant to buy BTC. However, once someone owns BTC, they are often unwilling to part with it.

BTC is indeed intriguing, and I always consider it as a very positive vibe when an employee receives their salary in BTC. Although in some countries, transactions using BTC are prohibited, I believe it's still valid because you are working remotely.

[DabsPoorVersion]

Because if they have to buy Bitcoin at time of monthly salary distribution, it looks odds with me.

That's not odds in my opinion, approving a request for one employee is not a significant problem for the entire financial system. Moreover, buying bitcoin is not difficult for GBP as almost all exchange platforms provide this trading option.
The finance staff might reserve stable coins in a personal exchange account that offers the lowest withdrawal fees for the OP's salary in the next few months, then convert to bitcoin and withdraw weekly/monthly.

The employer might really found an easy way to make the request of OP to happen. If it will be a hassle, the request would be declined. While thinking earlier, I also came to this thinking that the employer or the finance department have allocated enough funds to buy bitcoin on or before the day of the distribution of salary. But then, I remembered that in every employer, they have a trusted bank where the salary of the employee is coming from, the amount is being calculated in a weekly or monthly basis (base on their work/present days), if the finance staff would allocate funds to buy bitcoin for his salary and keep it as a reserve, isn't it considered as an advance expense for the company?
OP, if you receive salary in bitcoin, does it show as a full amount? Or the employer deduct the fees they spend to buy bitcoin? I'm really curious, honestly.

[Silberman]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

It seems you are in a situation in which you can take full advantage of bitcoin and its properties, in a way I can understand those that are not fully adopting bitcoin as they do not really feel the need for it, since they can buy whatever they want with their fiat and moving to bitcoin will be way more restrictive for them, however there are cases like yours which clearly demonstrates why bitcoin is needed, since without it your life will be that much harder due to the inefficiency of banks and fiat currencies.

[Gallar]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Yes, this is the right problem solution for you. Submitting a payment request using Bitcoin is currently highly recommended, especially for people who have difficulty sending/receiving money like you. Because bitcoin does have relatively cheap shipping costs, and the delivery speed is also quite fast. So your payment when you get paid will definitely be more optimal and there won't be many deductions.
Apart from that, your boss will definitely be more helped by sending using bitcoin.
So it's not just you who enjoys it, but the point is that by using Bitcoin both parties (you and your boss) will be greatly helped. Apart from all that, you also work in the field of website development. So I think it would be very synchronous if paid using bitcoin.

But I have a question, are you the only one who accepts payments via bitcoin, or are all employees also paid with bitcoin? Because usually there are always pros and cons related to this. So, the opinion you convey to your boss/boss regarding Bitcoin, does this only apply to you or to all employees too? Because if all employees are paid in bitcoin too, it means you have succeeded in convincing everyone who works at the website development agency. And that is a very good move.

[wd1]

Because if they have to buy Bitcoin at time of monthly salary distribution, it looks odds with me.

That's not odds in my opinion, approving a request for one employee is not a significant problem for the entire financial system. Moreover, buying bitcoin is not difficult for GBP as almost all exchange platforms provide this trading option.
The finance staff might reserve stable coins in a personal exchange account that offers the lowest withdrawal fees for the OP's salary in the next few months, then convert to bitcoin and withdraw weekly/monthly.

The employer might really found an easy way to make the request of OP to happen. If it will be a hassle, the request would be declined. While thinking earlier, I also came to this thinking that the employer or the finance department have allocated enough funds to buy bitcoin on or before the day of the distribution of salary. But then, I remembered that in every employer, they have a trusted bank where the salary of the employee is coming from, the amount is being calculated in a weekly or monthly basis (base on their work/present days), if the finance staff would allocate funds to buy bitcoin for his salary and keep it as a reserve, isn't it considered as an advance expense for the company?
OP, if you receive salary in bitcoin, does it show as a full amount? Or the employer deduct the fees they spend to buy bitcoin? I'm really curious, honestly.

I get the full amount without any curtailing. Its a medium sized but successful company, I imagine finances aren't very hard for them to manage.

[wd1]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Yes, this is the right problem solution for you. Submitting a payment request using Bitcoin is currently highly recommended, especially for people who have difficulty sending/receiving money like you. Because bitcoin does have relatively cheap shipping costs, and the delivery speed is also quite fast. So your payment when you get paid will definitely be more optimal and there won't be many deductions.
Apart from that, your boss will definitely be more helped by sending using bitcoin.
So it's not just you who enjoys it, but the point is that by using Bitcoin both parties (you and your boss) will be greatly helped. Apart from all that, you also work in the field of website development. So I think it would be very synchronous if paid using bitcoin.

But I have a question, are you the only one who accepts payments via bitcoin, or are all employees also paid with bitcoin? Because usually there are always pros and cons related to this. So, the opinion you convey to your boss/boss regarding Bitcoin, does this only apply to you or to all employees too? Because if all employees are paid in bitcoin too, it means you have succeeded in convincing everyone who works at the website development agency. And that is a very good move.

I am the only that gets paid in bitcoin, but everybody else gets paid in different way rather than a ubiquitous payment method for every employee. They have a lot of employees from underdeveloped nations, so you have to be open to options.

[Woodie]

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

For the company to go with your preferred choice of payment, they too must be making a saving but for book keeping purposes I don't think this helps them much unless the invoice goes under as a crypto payment...

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

The writing tells the whole story, hope you onboarding other users onto the crypto boat  

This sounds a bit strange to me.

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account.

Does he pay you with black money? I find it hard to believe that a bank would have problems with you receiving income from a job, as long as it is legal and declared.

Considering Op mentioned having fewer financial services in his locality.. this could mean interbank transactions and a  possibility of delays to get this processed  hence going the Bitcoin way....

[AprilioMP]

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

It's so easy now to send and receive salaries using bitcoin. No need to queue for long to withdraw money if you use bitcoin. That's where the convenience is. Another advantage of receiving a salary in bitcoin is that it can be saved for a long period of time with measurable financial management partly to be exchanged for fiat and partly for investment.
There is only one obstacle, not all countries accept salary payments in bitcoin which is legally permitted like accepting fiat currency.

Workers who live in underdeveloped countries who find it difficult to get internet will experience difficulties. But that is not possible because the company where I work is usually located in a city where internet access is available, so I will ignore the issue of difficulty in internet access.
If I experienced the same situation as you in paying salaries, it would be a pleasant thing.

Good job in convincing the employer.

[traderethereum]

I am the only that gets paid in bitcoin, but everybody else gets paid in different way rather than a ubiquitous payment method for every employee. They have a lot of employees from underdeveloped nations, so you have to be open to options.

It's a great option if you accept payments in bitcoin.
You already have bitcoin as a long-term investment and you can also sell bitcoin for fiat so you can buy daily necessities.
If other workers can see what you are doing and think that bitcoin is a good investment, someone may follow you and accept payment in the form of bitcoin.
But this should not be forced because it is the choice of each worker.
Well, at least you already have bitcoin from your job and can meet your living needs.

[KiaKia]

You claim that your country is an underdeveloped country so we can assume that bitcoin is not legal in your country, if bitcoin is not legal then it will be safe for you to pay salary through bitcoin. Just saying from my opinion about bitcoin legality because as you mentioned your country is underdeveloped and as far as I know underdeveloped countries never accept Bitcoin. It is a very good decision if you proceed with caution. Accepting payments through Bitcoin instead of accepting payments in local currency is another level of thinking. If you accept payment through Bitcoin, you can hold that Bitcoin for a long time if you want, and if you want, you can sell your BTC through P2P.  Undoubtedly, you have taken a commendable initiative.

If Bitcoin is not legal in the country that doesn't mean he should not accept Bitcoin as a payment from someone else, this transaction happens between two people and you don't need to pick up a speaker and microphone to start telling the world that you accept Bitcoin as means of payment, the problem with the government about Bitcoin can only start if you set up a banner or a signboard with Bitcoin acceptance on it, this will draw attention and it could result in paying fine or even worse depending on the country's law.

Bitcoin was once illegal in my country too and I know that I can only get into a problem with the law if I make my interaction with Bitcoin public, so this person should be fine if they choose to maintain silence and avoid attention.

The only thing that feels off with the OP story is how OP can ask his employer to pay him in Bitcoin because there is no story about how the employer gets the Bitcoin to pay him, how did he know that the employer knows how to buy Bitcoin? Because many people don't even know this.

[Broadanbig]

OP you acted smart and it is good you had to proffer that idea to be on the safe side and to save them cost of transaction charges and time delay before your payment gets into your local account. From the looks, I am meant to understand that your local currency is very poor which makes it more suspicious to look into by your bank based on the conversion ratio. The fiat system of banking is based on trust as a user have  posted based on that, the bank would like to know and have clues on your source of fund so as to be sure of the origination.

Your idea of telling your employer to pay you in bitcoin was a good and smart move because you have succeeded in making them aware of bitcoin and they have adopted it because in the long run after they must have seen the benefit of using bitcoin for transaction, they would have every reason to thank you for introducing them to bitcoin.

You also saved yourself the stress of going through protocols for scrutiny before receiving  your money as i believe it  would be in a huge volume in your currency which would attract attention as it is in GBP as stated by you. This method of payment would reduce the delay for you to receiving your payment compared with the fiat system.

[coupable]

Pretty cool, so these have no actual KYC process in any capacity, even for P2P trading? Or is it just a veneer?

According to what I know from my experience, Bisq is the only platform that works in a peer-to-peer format without imposing KYC procedures. User opinions about it have been good since its launch, and it has been solidly developed so as not to be vulnerable to hacking or manipulation.
One of the most important things about Bisq platform for me is that it enjoys great trust among users on Bitcointalk who support it on the principle of preserving privacy as much as possible. Personally, I continue to advise everyone to use it, but unfortunately the Binance platform is more popular compared to all peer-to-peer platforms.

[chigo]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

It cannot be denied, transacting via Bitcoin across borders is very easy, efficient, cheap and hassle-free when compared to PayPal or other payers via most digital wallets

I don't have a stable job yet and only hope for the little money I get online, reading your topic really inspired me in the future if I get a stable job then I will ask my boss to pay me in bitcoin

[Aanuoluwatofunmi]

With the way everything seems to appear with the current economical business challenges, except a business owner adopt bitcoin, he may ever be unwilling to make payment in bitcoin since it's not something himself had subscribed to, but when he's a bitcoiner and understand the advantage and benefits of making payments in bitcoin using the lightning network, he will either adopt making payments in bitcoin by himself or if he was advised to do so, then he will not hesitate to implement such for his workers.

[AHOYBRAUSE]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Nice, good thinking.
About 3,5 years ago when covid started I had to do the same. I had no other way to get my money because my bank card from the country of residence ran out and they only send you a new one to your registered address, and only while your visa is still valid. And, I was in a foreigne country at that time.

So I was in a shitty situation and asked my boss to use bitcoin instead and after some hesitation, because he also wanted to learn something about it, he was able to.
Because of this and the weak btc at the time it was very convenient for me because I sometimes increased my salary because of that.
Bitcoin leterally saved my ass in that situation.

[BVeyron]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Thats a good idea to convince your employer to pay directly with btc! But most employers wouldn't do it if they are asked for it, so you are really lucky! In total, employers and/or businessmen accepting crypto for payments and salaries are making a small yet inportant step in adoption process. I think that soon there will be more people making transactions directly with crypto...

[CarnagexD]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Thats a good idea to convince your employer to pay directly with btc! But most employers wouldn't do it if they are asked for it, so you are really lucky! In total, employers and/or businessmen accepting crypto for payments and salaries are making a small yet inportant step in adoption process. I think that soon there will be more people making transactions directly with crypto...

This is great, really. It is exciting to know that there is a shift towards crypto payments in your employment. I was thinking the same thing for the companies here in our country, if cryptocurrency is iniatially introduced within workplace, news through word of mouth will make more people curious about it. And fear of actually learning crypto would lessen. It might take some time, but the trend is definitely moving in that direction. Companies just have to ensure that employees have the necessary knowledge and support to navigate in this crypto world.

[DaNNy001]

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

That's a very nice initiative and I think this was only possible because thr firm you work for are use to talk the whole Bitcoin concept if not it would have been difficult to really convince your boss to actually pay you in crypto instead of the regular fiat but all the same it's a good achievement for you and also your boss because he will be familiar more with crypto since the payment is all through Bitcoin. In a country where Bitcoin is frawn upon with a negative view it will be hard to achieve this.