Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

65% Of Americans Keen To Be Paid In Crypto, Coinbase Enables Paycheck Conversion

65% Of Americans Keen To Be Paid In Crypto, Coinbase Enables Paycheck Conversion

According to recent study, 65% of Americans would be willing to receive paycheck in Bitcoin, Ethereum and Dogecoin. Coinbase, one of the leading crypto exchanges just announced a new feature that would allow Americans to convert their salary to crypto in just few clicks.

65% of employees are interested getting paid in crypto

Research company, Skynova interviewed over 1,000 working professionals, including 797 employees and 205 managers, to understand how Americans view cryptocurrencies as a form of workplace compensation.

The recent survey included 46.9% of respondents who had already received cryptocurrency as compensation and 53.9% of respondents who hadn’t.

The survey was sent to investigate the general attitude and explore to what extent working Americans are willing to be paid in Bitcoin and other cryptocurrencies. Do they perceive it as a perk and would they quit their job to pursue one that offered this type of compensation?

65.5% of employees responded they would be at least somewhat willing to receive compensation in cryptocurrencies, with just over 28% even classifying themselves as “very willing.”

The employees’ demography surfaced as an important factor since the survey revealed that 63% of millennials view compensation in crypto as a perk.

Fewer than 10% rated the idea of their employers starting to offer salaries in crypto as “very bad.”

Almost a third of the respondents said that they would quit their current job to pursue another that offered crypto compensation, although if their current employer started doing so, 42.2% would quit.

Such an attitude suggests that employees are more eager to pursue new forms of compensation on their own, as opposed to it being imposed on them.

When asked which crypto they would like to see on their paychecks, the majority of working Americans (74.3%) sided with Bitcoin (BTC), followed by Ethereum (ETH) and Dogecoin (DOGE).

According to the survey results, the top benefit to being paid in crypto is the belief that it’s the future of currency, while other commonly perceived benefits to crypto compensation included the potential for financial gains and the diversification of income.

The top perceived drawbacks of compensation in crypto surfaced to be market volatility, the potential for financial losses, and limited acceptance.

More than 200 of the respondents were managers, often in charge of hiring and compensation decisions.

With more than 77% of hiring managers saying they are at least somewhat willing to compensate their employees in crypto, these higher-ups surfaced as more likely to sign off on a crypto paycheck than employees were to receive it.

Where hiring was concerned, cryptocurrency also played a heavy role, since 48.3% of those in charge of hiring employees reported typically looking for cryptocurrency experience.

When screening potential candidates, managers of small and large companies alike often looked for crypto experience, while midsize companies with 50 to 249 employees were in fact looking for this type of experience more often than not.

Coinbase Enables Paycheck Conversion into Crypto

Coinbase, the leading cryptocurrency exchange in the United States, announced a few hours ago that american citizens will be able to automatically receive their paycheck in crypto.

The new “Get Paid in Crypto” service will allow cryptocurrency enthusiasts to directly receive their paycheck in Bitcoin, Ethereum, or any of the 100+ cryptocurrencies available on Coinbase with little to no effort.

Users also have the option to receive payments in U.S. Dollars directly to their Coinbase account, which they can spend with their Coinbase debit card just like a regular bank account. The exchange also offers the option to receive payments in USDC or DAI and earn interest over time.

“Now, you’ll save time on the extra steps it takes to move money so you can immediately earn interest on your income or earn crypto rewards with your Coinbase Card. Plus, you’ll pay zero transaction fees on direct deposit funds so you have instant and free access to the cryptoeconomy.”

According to an official blog post, Coinbase seeks to reduce friction when acquiring or using cryptocurrencies, allowing people to start using or exchanging tokens more easily and instantaneously. Coinbase believes this will represent the future of payroll.

Basically, Coinbase would take care of the entire process, which starts when the client receives the money and extends until the deposit in the exchange and the purchase of tokens. By automating everything and because of the process’s speed, customers get the impression of being paid directly in cryptocurrencies.

Everything is done on a zero-fee basis, although Coinbase will benefit from the spread on transactions.

The registration process is easy and intuitive and is done only once. In general terms, the client must provide information about their current payroll company or employer. Coinbase will take care of the necessary paperwork to receive his money directly in Coinbase.

Source: 65% Of Americans Keen To Be Paid In Crypto, Coinbase Enables Conversion

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
A monster hit and a billion-dollar toy empire
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
Canada: Nurse Suspended and Fined 93 Thousand Dollars After Stating the World’s Most Well-Known Fact Since the Creation of Adam and Eve, That There Are Only Two Genders
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
U.S. Treasury Secretary Whitney Bessent Backs Stablecoins to Boost Treasury Demand
Spain to Declare Disaster Zones After Massive Wildfires
Three-Minute Battery Swap Touted as Future of EVs
Beijing Military Parade to Showcase Weapons Advances
U.S. Tech Stocks Slide on AI Boom Concerns
White House Confirms Talks Over Intel Stake
Trump Suggests U.S. Could Support Ukraine ‘By Air’
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
UK Government Tries to Sue 4chan for Breaching Online Safety Act
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
"Every Centimeter of Your Body Is a Masterpiece": The Shocking Meta Document Revealed
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
Beijing is moving into gold and other assets, diversifying away from the dollar
China Requires Data Centres to Source Majority of AI Chips Locally, For Technological Sovereignty
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
Jellyfish Swarm Triggers Shutdown at Gravelines Nuclear Power Station in Northern France
OpenAI’s ‘PhD-Level’ ChatGPT 5 Stumbles, Struggles to Even Label a Map
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
×