Kraken paid 250 salaries to staff in bitcoin last month, the crypto exchange revealed in a tweet on May 23.
The firm was responding to Peter Schiff, the CEO of Euro Pacific Capital, who had claimed "There is no way that people are going to work for salaries paid in bitcoin."
"By the way, the employee who took 100% bitcoin in 2012 retired in 2013.".
While this figure suggests about 30% of its workforce are being paid in cryptocurrency, there could be some way to go before it is commonplace in the company.
Across the industry, there are some hurdles in place that can stop employers from offering crypto salaries at all.
In the United States, workers must be paid to some extent in cash or checks - and it is still unclear in many countries how such earnings should be taxed.
Price volatility is another concern, as BTC's value could rise or fall dramatically in the hours after a salary has been paid.
Last month, a former Kraken employee announced he was suing the firm for $900,000, alleging that the exchange had failed to pay him for his work there.
Kraken Paid 250 Salaries to Staff in Bitcoin Last Month, Exchange Tells Critic
gepubliceerd op May 24, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.