Beyond the Headlines: The True Adoption of Bitcoin Wages

Bitcoin wages are becoming more common around the world, especially among "borderless" remote workers and in some regions like Latin America.

Are cryptocurrency wages an idea whose time has come? Maybe not. It is one thing, after all, to gamble Bitcoin (BTC) with your excess money and quite another to take a significant chunk of your salary in BTC.

Additionally, there are often tax and custody issues about crypto, as well as concerns about price volatility. There is also the fact that few actual items and services can currently be purchased with cryptocurrencies.

So it's no surprise that aside from some famous athletes like Tom Brady and Aaron Rodgers and some high-profile US mayors, relatively few people outside of the cryptoverse seem to have embraced this next stage of adoption. of cryptography.

It is in this context that one must assess NYDIG's recent announcement of a "partnership" with the New York Yankees baseball team that will allow players and other employees "to convert a portion of their salary in bitcoin via the NYDIG platform". Is this the start of something new, given that this follows a harsh crypto winter? Or is this just another public relations stunt, jumping on the bandwagon already set by professional American football and basketball players?

Interestingly enough, NYDIG has given some hints that bitcoin wages may actually become a secular trend beyond recent instances, especially among younger workers. According to its press release:

“NYDIG research shows that 36% of employees under the age of 30 said they would be interested in allocating part of their salary to bitcoin. two identical jobs with different employers, he would choose an employer who would help him get paid in Bitcoin.”

NYDIG is not alone in identifying millennials and especially Gen Z as prime candidates to take crypto salaries to the next level. Indeed, a global hiring...