With crypto adoption on an all-time high, exchanges are readily bolstering the movement with their crypto-friendly measures. At the CoinCorner Exchange, employees now receive a part or all of their salary in cryptocurrencies. The crypto assets being used for payout include Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Payments are done via CoinCorner Checkout, a crypto payment solution which helps eliminate the risks of price volatility for users. Reportedly, employees at the exchange are all keen on getting paid in Bitcoin and other cryptos.
CoinCorner is one of the world’s oldest Bitcoin exchanges and helps aid the transition of new consumers in the crypto world.
From the Co-Founder’s Desk
Danny Scott, CoinCorner’s co-founder strongly believes that cryptocurrency is the future of money. Further, CoinCorner aims to reach a larger audience interested in cryptocurrencies.
‘We hope to see this set a precedent for how other companies could manage salaries in the long-term and hope that it encourages them to try innovating by offering employees the choice to be paid in Bitcoin. We aim to support new businesses to accept Bitcoin payments through our interface’
Eliminating Bitcoin Price Fluctuations
The gateway claims to mitigate any risks of Bitcoin price fluctuations, thus, enabling users to quickly convert their cryptos to GBP in real-time and receive it through the UK’s Faster Payments Service (FPS).
While a large number of people are still wary about cryptocurrencies, such developments are an assurance enough that cryptocurrencies are here to stay. With a large number of technology firms and governments adopting a positive stance towards cryptos, large scale crypto adoption is not a distant dream.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.