An international finance expert says that if an employee earns his salary with a prescription, he buys lottery tickets.

bitcoin is a global phenomenon that is attracting interest at the moment and is being talked about by many. But there are a few that have this new default currency.

How do you feel about getting your money in this encrypted currency?

We can see the answer early next year from the workers of the GMO Group, the Japanese Internet company, in which more than 4,000 employees have had the option of getting a portion of their salaries in the bitcoin currency.

Critics say it was a marketing ploy that was announced at a time when global attention to financial technology was at its peak.

It also carries a risk: the volatile currency fell last week but recovered more than 50 per cent.

But what would this mean to the employer and employee?

How does the bitcoin salary work?
bitcoin salaries are usually paid according to the value of the digital currency at an agreed date and time.

To simplify the figures, if the price of a bitcoin is $ 10,000, and the employee chooses to get $ 1,000 as a digital currency, he will receive 0.1 bitcoin.
Employees who choose to sell bitcoin immediately will receive the cash they would have received if they had received cash (as long as they had arranged for the sale in advance).

But sticking to the encrypted currency, whether for a day, a week or a year, makes their value vulnerable to rising or falling.

The amount of $ 1,000 that an employee earns as an electronic currency may end up with an increase of up to $ 5,000 when sold after a period, but may end up being nothing if the value of the bitcoin goes down.

Thus, some argue that paying wages in the bitcoin currency encourages people to gamble.

Massimo Massa, a professor of finance at the French School of Business, Ensid, said that "if a staff member is paid a bitcoin, he buys lottery tickets."

"It's just a game."

Some say that paying wages in the bitcoin currency encourages people to gamble

Said that workers should be aware that there were "no guarantees that their price would rise and that it had no intrinsic value because there was nothing to support it," noting that such schemes could never be compulsory.

Do staff care about warnings?

Despite repeated warnings from renowned economists and analysts that the crashing of bitcoin homeowner looms, it seems that many of us are ready to experiment.
Bitwage, a pay-for-the-money platform, has attracted thousands of new users this year, as many people have moved to bitcoin after a rapid rise in prices.

"These days many people want to get a part, and sometimes all their salaries are in the bitcoin currency," said Pitt's founder Jonathan Chester.

This year, the company handled 30,000 employees in the United States, Europe, Latin America and Asia, including employees from Google, Facebook, Guy, Philips, the United Nations and the US Navy. Many of these workers participated in the service on their own.

Chester said he converted 15 percent of his monthly salary and was believed to be "a way of accumulating the bitcoin or the encrypted currency without worrying about whether you were buying it in time."

This is because people can theoretically reduce the risk of currency volatility when they "buy a small percentage over time".

What about taxes?

It is difficult to generalize, and it seems inevitable that with the development of this industry will also develop tax rules.

Bitwage, a platform dedicated to converting salaries to encrypted currency, has attracted thousands of new users this year

Wherever they are in the world, the employees will usually be liable for the income tax payable on their wages from the bitcoin, and will be calculated according to their value at the time of payment of the salary.

But as with stock options, employees may need to pay capital gains tax if bitcoin increases in value, depending on tax jurisdiction.

What does Bitcoin carry for business owners?

Some companies operating in the currency industry offer coded bitcoin salaries for years.

After all this, if you dealt with them early and purchased them when the price was much lower, it could be a smart move to use now to pay the wages.

But for others, it's all about business strategy.

For example, the Japanese GMO group says it wants employees thinking of bitcoin currencies.

It has recently expanded into the trade and manufacture of this coin.

She hopes that if some employees at least have a direct personal experience with Bitcoin, they will help "nurture and develop knowledge of this currency."

Based on this principle, the Japanese company says it is "vital to the growth and expansion of our business in this currency."

Is bitcoin the only option?

The digital money-making industry is expanding, with the emergence of new digital currencies all the time.

Tenx, based in Singapore, offers its employees a monthly bonus in nominal currency

At TenX, based in Singapore, basic employees' salaries are often transferred to their bank accounts. But the monthly bonus is paid in a token currency, the company's own digital currency.

The token currency, which can be traded on digital exchanges, was issued in a first currency offering in June, allowing the company to increase to $ 80 million.

The company's founder and chief executive, Julian Hoseb, said it was not logical to buy bitcoin to pay bonuses if the company already had its own currency.

Hoseb added that paying the token currency rewards can motivate employees because the nominal value of the currency should rise in line with the company's success.

The manager of the TNX community, Mike Ferrer, went further, choosing to get part of his basic salary in the token currency plus his monthly bonus.

The 32-year-old manager has invested in coded currencies for some time and accepts that there is a great risk, but says he is investing only what he can afford.