Press "Enter" to skip to content

A Majority of U.S Technology Professionals Would Accept Bitcoin as Payment Reports WSJ

(Michael Krieger) There’s no telling exactly how accurate this survey is, and whether or not the participants are thinking in terms of part of their paychecks or the entire thing, but if the figures are anywhere near the reported 51%, it is a very positive signal.

People being paid in bitcoin represents a huge step in the process of the currency transitioning into something more akin to the role fiat money plays in everyday life. We may be much closer to this reality than many people think, particularly with the recent launch of the very innovative BitPay Payroll API, which makes it incredibly simple for employees to receive a portion of their wages in bitcoin.

From the Wall Street Journal:

A majority of U.S technology professionals would welcome being paid in bitcoin, according to a survey by event organizer Tech in Motion.

Out of 847 responses to a questionnaire sent to Tech in Motion’s 18,000 members, 51.12% answered “yes, absolutely,” to the question “Would you be interested in being paid for your work in cryptocurrencies like Bitcoin?” A further 18.06% ticked “Maybe, let’s see where Bitcoin is in a year or two,” with the remainder saying that they would prefer to be paid in traditional currency. Just 9.92% rejected the option because they “do not think Bitcoin will last,” and 1.18% said they didn’t know what bitcoin was.

Payroll is seen by bitcoin advocates as a powerful driver of bitcoin adoption in the future. Obtaining the digital currency is currently cumbersome and inefficient, partly because exchanges and brokers have struggled to establish solid relationships with traditional banks to allow their customers to easily exchange dollars and other fiat currency into bitcoin. They say an expansion of bitcoin wage payments–even if employees opt to receive only a small portion of their income this way–would create a more seamless way for people to acquire and start using the crypto-currency, delivering it the same way they have always received their dollars

EDITOR NOTE: Please help us share! Did you know most of the stories we post only make it to a small percentage of our readers? Facebook and social media filters make it impossible for us to get the story out. We need your help! If you feel this story is important and needs to be heard please share.

[constantcontactapi formid=”2″ lists=”1″]