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Crypto salary: Why it may be risky to get paid in digital currency
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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
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