Earlier this year, athletes and politicians opted to pay through cryptocurrencies, which made headlines. Now, in order to attract a younger workforce, companies are starting to offer encrypted wages.

A recent CNBC article highlighted two different cases of money laundering in cryptocurrencies. College student Stephen Gerritz and artist Tiana Brown decided to use cryptocurrencies to make money. Gerritz works part-time at a technology startup, while Brown sells digital ether (ETH) digital art.

According to Gerritz, due to changes in the price of cryptocurrencies, his income exceeds his income in cash. However, this is not always the case. He said he went with the flow and found happiness when the price went up but that entertainment ended when the price went down.

He believes his cryptocurrency is an investment because his bills are paid from other sources. “Why not seize the opportunity or opportunity to get rich and make some money out of it?” Asked.

At the same time, 29-year-old Brown sells artwork on Rarible, a platform that allows you to receive ETH as a payment for your digital art. Brown is optimistic that this will lead to better results in the long run. “It’s almost like an acknowledgment, so you get a certain percentage every time someone uses your artwork,” he said. Brown said he wants to consider the term “hungry artist” as “a thing of the past.”

In 2021 alone, many reports indicate that athletes will receive money in cryptocurrency. In August, soccer player Lionel Messi received fan chips for his contract with Paris Saint-Germain. In November, National Football League players Odel Beckham Jr. and Aaron Rogers decided to accept encrypted payments. The first said he would receive his entire NFL salary in Bitcoin (BTC), while the second would receive only a fraction of his salary in BTC.

In addition, in response to a challenge from Bitcoin speaker Anthony Pompliano, three American politicians announced that they would accept BTC salaries. Miami Mayor Francis Suarez, New York Mayor Eric Eric Adams and Tampa Mayor Jane Custer have announced that the BTC will accept the salary.

Related: Recruiters claim to be cryptocurrencies seeking leadership in engineering, law and finance

In November, LinkedIn reported that the list of jobs related to encryption had increased by 600% since August 2020. In addition, large financial institutions offer large bonuses to attract more encryption talent. According to Johnson Associates, a human resource company, the salaries of encrypted positions are 20% to 30% higher than those of comparable non-encrypted positions.

There are also some drawbacks when choosing to pay via encryption. One of these is your employer’s request to recover the payment. An anonymous employee wrote in a letter to Market Watch’s The Manist that the employee had received cryptocurrencies for contract work. Since then, the badge has increased by 700%. The CEO of the company then sent an email to the employee asking him to return the digital data and pay in US dollars.

Source: CoinTelegraph

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