Which will be chosen Salary in Fiat Money or BCH?
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I hope you are all in good health and continue to work. Because from that work we can reap the results. Without work it is impossible for us to achieve maximum results. Even those who have tried their best, the results are still not as expected.
Salary in BCH
As we know, the rewards we receive are in the form of crypto as a form of appreciation or even wages. Then how about the employees who work for the company, will they also agree if their salary is given in the form of BCH?
The answers can vary. There are those who agree 100 percent if they see a bull market. Ad is also doubtful if he sees the market in a bearish state like now. Nada also chooses to be paid in fiat currency because she does not or does not understand cryptocurrencies.
Salaries with cryptocurrencies like BCH actually provide benefits for employees. BCH will be an asset for employees in addition to being used as a means of payment. To get there, of course, there are still many challenges that must be overcome. Several things must be prepared so that employees can receive salaries in crypto.
Enterprise connectivity to cryptocurrencies
As a new method, payment of salaries with crypto requires smooth connectivity. Companies must have links with the crypto world so that it will make the payment process easier. The form of connectivity can be done by providing crypto ATM services, so that employees can easily convert crypto into fiat money or vice versa. The company can also provide employee needs that can be paid with crypto.
Employee understanding of crypto
From the employee side, they must also be given education about crypto, both potential and risk and how to anticipate it so that they can fully understand crypto.
Supportive retail market
If the retail market that fulfills daily needs can be done with crypto, it will certainly be faster and easier to make payments with crypto. After receiving a salary, employees can manage the allocation of daily goods expenditures and manage the necessary expenses. Thus, employees will be able to see the remaining salary as savings. It is very likely to increase well as the crypto asset increases both in number and in value.
State regulation
The problem that may be a bit complicated is state regulations. This relates to the fiat currency policy that is officially enforced. In some countries that prohibit fiat money as a means of payment, it still takes time to make crypto as a salary. However, for countries that already want crypto as a payment method, it will certainly be easier.
Crypto receiving entity
There needs to be a business or institutional entity that accepts crypto as a means of payment. Official educational institutions such as schools, universities or business institutions that require payment can be made with crypto. This will greatly support in receiving payments so that employees are no longer limited to redemption at crypto ATMs.
With these things and with the support of all parties, payment of salaries with cryptocurrencies such as BCH will be possible. In this way, employees will have more opportunities to reap the benefits of the remaining BCH salary that is their investment.
Thus my writing may be useful.
Disclaimer: This article is written as a personal opinion without any inclination, not as financial advice.