Today news
About the same in other media
Crypto salary: Why it may be risky to get paid in digital currency
Reading now: 255
cnbctv18.comWith cryptocurrencies gaining popularity, some corporations have started offering their employees the option to receive their salary and other benefits partly or fully in bitcoin, ether, or other digital currencies.While being paid in cryptocurrency has its benefits as it eliminates the need to deal with a bank, enabling instant clearance of payments, easier fund transfers, among other things, there are also risks involved. The constant price fluctuation of crypto tokens is a key risk.
The prices are so volatile, the amount of money you hold will fluctuate with the token.Let's take an example: Suppose you have opted to receive your salary in bitcoins. But right after you received the salary at the end of the month, bitcoin plunged by 21
. Read more on cnbctv18.comAbout this in other media
Crypto and its many fees: What to know About the hidden costs of digital currency livemint.com /3 years ago
Cointelegraph Editor-in-Chief Kristina Cornèr talks digital currencies with Mastercard at Global Impact Week cointelegraph.com /3 years ago
Crypto trade among bourses may be banned economictimes.indiatimes.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
