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More Businesses Offer Crypto Incentives In A Bid To Lure Younger Workers

By Parasshuram Shalgar
Published January 10, 2022 Updated January 10, 2022

Today, people consider getting paid in digital coins adequate, yet it’s risky. In 2021 alone, the price of bitcoin surged $67,000 and sunk to under $30,000.

Stephen Gerrits – Clemson University’s chief in South Carolina possesses a part-time gig with a startup. He said, “I get paid in cryptocurrency.” Gerrits added, “Why not grab on the opportunity to kind of hit it rich, get some money out of it?” Gerrits works around 10 hours weekly at SharpRank. All he has to do is persuade people to download its mobile-oriented sports app. He gets paid in cryptocurrency for every single download.

Stephen said, “Most likely, I check my crypto account three times a week. It’s fun to watch when it’s rising, but it’s not so much fun when it’s going down.” According to Gerrits, his earning in cryptocurrency is an investment. Well, his business managers see it as a brilliant way to lure talent.

A self-governing rating firm – SharpRank, uses “campus captains,” prominent college students to discharge the duty of brand ambassadors. Chris Adams – SharpRank’s creator and CEO, said, “We wanted to individualize ourselves from the pack when these potential employees looked at what we were doing as a startup.”

As per Adams’ statement, above half of its young workers take at least some of their pay in crypto. These workers even call crypto a “cool factor” in their jobs.

Cryptocurrency: Popular Payment yet Insecure

Today, people consider getting paid in digital coins adequate, yet it’s risky. In 2021 alone, the price of bitcoin surged $67,000 and sunk to under $30,000.

Ethereum, a popular cryptocurrency pre-owned by developers to control decentralized applications, is popular with artists. On December 1, 2021, this coin jumped to an all-time high near $4,800 & had traded lower since, swinging between $3,600 and $3,900 in the last week.

Famous Personalities Interested to Accept Payment in Crypto

Artists, players, & musicians are also getting paid in crypto. Artist Tiyanna Brown, just 29, shows his belief in the crypto economy. He’s enthusiastic about taking the risk to get a foothold in the crypto account. Brown paints acrylic on canvas & sells digital art. She accepts cryptocurrencies such as Ethereum as payment.

With more young workers spearing into the workforce interested in getting paid in crypto, several companies are considering paying salaries in digital tokens.

Phil Bauknight – chief of Fisher Phillips Cryptocurrency and Blockchain Taskforce, said, “Options can be taken to understand and mitigate risk.” Businesses must adjudge federal, state, and local requirements and write that an employee is ready to be paid in crypto.

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