Employees in Canada Opting For Salaries In Bitcoin

[adif2010]

thats is good information, maybe in other country tommorrow can be same with canada

[FortuneJack]

for bitcoin community it's a great news. In terms of initiative it has its ups and downs, mainly for employees.

[snappa4ever]

Really good news. I think many employees has impulsive reason to receive BTC salary. For BTC company, they don't need to convert BTC to fiat currency to pay salary at the pay day. They have BTC salary and prefer to do their daily spending in BTC, which will help thrive the business accepting BTC payment.

In order for this to be good news, there needs to be enough potential ways for an employee to spend their bitcon in terms of bitcoin in the community that they live. If there are only few places they can spend their bitcoin salary then they will essentially sell the bitcoin they receive on an exchange for fiat so they can pay their bills.

[jjacob]

Living only on bitcoin is considered an experiment.
http://www.forbes.com/sites/kashmirhill/2013/05/01/living-on-bitcoin-for-a-week-the-journey-begins/

[djnocide]

that's when things start to get interesting. When you can get paid in bitcoin means that it had value to it. You don't only have to buy or mine, now you can get paid. It open doors for more use to it. Soon, we'll pay for groceries with it.

[Itsumo]

Ive said it before, Canada (Toronto) will be the center of Bitcoin.

[Bobblehead Pete]

Companies based in Canada have counted on WagePoint director Shrad Rao to make this possible. Wagepoint had set up a service that allowed companies to pay employees in Bitcoin as a experiment following the hype behind cryptocurrencies but had not expected such good results. In just a matter of months, workers from 10 different companies approached WagePoint with the intention of having their salaries and wages being payed in Bitcoin, not in Canadian Dollars.

source : http://www.coinfinance.com/news/employees-in-canada-opting-for-salaries-in-bitcoin

I think this is a great thing for the Bitcoin community. We can see what will happen if bitcoin is tried out as a substitute for real money for salaries and wages.

[BigGameCAsino]

What companies specifically are asking the heads to change their salaries to bitcoin?

[expert4knowledge]

They may pay less tax this way.

[Poorri]

I would love to have an online job where I get paid with BTC monthly.

[Kolakazki]

I dunno if Canadians are ok with it.

[spazzdla]

Ive said it before, Canada (Toronto) will be the center of Bitcoin.

Only if we can kick Harper out.

[Kolakazki]

Ive said it before, Canada (Toronto) will be the center of Bitcoin.

Only if we can kick Harper out.

Canada is super supportive in Bitcoin. You can see in different forums etc. They even have a forum about btc for canadians alone

[Fabrizio89]

Canada is super supportive in Bitcoin. You can see in different forums etc. They even have a forum about btc for canadians alone

Indeed. Canada was one of the first countries to release guidelines for taxes.

[OrientA]

Paying salary with BTC is extremely good news to BTC.

[mllenios]

Paying salary with BTC is extremely good news to BTC.

Bad news to the people who are not using BTC..

[DavidHume]

Companies based in Canada have counted on WagePoint director Shrad Rao to make this possible. Wagepoint had set up a service that allowed companies to pay employees in Bitcoin as a experiment following the hype behind cryptocurrencies but had not expected such good results. In just a matter of months, workers from 10 different companies approached WagePoint with the intention of having their salaries and wages being payed in Bitcoin, not in Canadian Dollars.

source : http://www.coinfinance.com/news/employees-in-canada-opting-for-salaries-in-bitcoin

Look like bad mistake given bitcoin performance lately.

[OrientA]

Paying salary with BTC is extremely good news to BTC.

Bad news to the people who are not using BTC..

They can continue using fiat.

[panju1]

Paying salary with BTC is extremely good news to BTC.

Bad news to the people who are not using BTC..

They can continue using fiat.

Of course. Receiving in bitcoin is just an option.
There are very few companies which only deal with bitcoins.

[CryptoCarmen]

Ive said it before, Canada (Toronto) will be the center of Bitcoin.

Bitcoin is decentralized.
What will be will be regional center of knowledgement. Probably North American. Such centers will and already are popping up allover the globe.