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On Friday, the Official Committee of Unsecured Creditors — a group of Voyager customers — objected, saying Voyager's employees are "already well-compensated," and arguing that the company has otherwise done little to reduce costs. Importantly, the Debtors provide no evidence that the 38 Participants are at risk of resigning. The employees perform "essential accounting, cash and digital asset management, IT infrastructure, legal, and other critical functions for the Debtors," Voyager's Aug.
Normally, employees have a "large equity component" in their total compensation, but the value of this equity "has cratered," meaning employees are now being paid below market value. Moreover, Voyager's current restructuring proposal would cancel equity interests, the company said at the time.
Losing these employees would harm the company's restructuring efforts, among other issues. All employees at Purse. Purse does so as to promote crypto as useful and functional within the enterprise itself. The company performs technical evaluations and migration assessments. SC5 announced on its blog that it will be allowing its workers to be paid partly in Bitcoins back in Currently, an SC5 employee can choose to receive their salary in crypto or fiat.
Bitwage Bitwage aims to create solutions for companies and their workers by providing services like payroll, invoicing, and digital assets. Since its launch in , over 5, qualified employees have applied for the service that pays in Bitcoin on Coinality. It allows conversion of fiat currency salaries into cryptocurrencies for all its employees in the UK, US, and Europe. Exodus Wallet Exodus is a crypto wallet that allows easy transactions with its simple interface and focuses on crypto beginners.
Exodus empowers the use of crypto for everyday people to escape the traditional financial system and grants all its paychecks to its employees exclusively in Bitcoin. OpenWeb Founded in as Spot. IM and rebranded to OpenWeb in , this is an online platform that aims to democratize and improve conversations online. It considers the average of the highest and the lowest Bitcoin values on the day of the transfer so that market volatility does not affect the payments.
This platform allows TrustSwap to pay up to of its employees at once with Ethereum-based cryptocurrency tokens. GMO Group GMO Internet Group is an organization that focuses on developing internet infrastructure, online advertising, media, internet finance, and cryptocurrencies. It is the latest company to declare that 4, of its employees in the Japan headquarters would start receiving payments in Bitcoin.
This initiative was taken to develop and promote cryptocurrencies. Cryptocurrency has undoubtedly gained significant attention from investors old and young worldwide. While cryptocurrency is still not used for salaries on a significant scale yet, the cases of employers accepting it as income currency of their employees is seeing an upsurge.
The employer and employee only need to secure their crypto wallets before they can get paid, making crypto the futuristic path to payroll! Your Money, Simplified.
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