#cryptorial

[blockchaininsidescoop]

How Does Blockchain Help the Art Sector?

Blockchain applications are well known in the financial industry. Developed in 2008, this technology enables secure internet transactions such as cryptocurrency payments and smart contracts. A 2021 analysis of the blockchain market by Markets and Markets indicates that the sector could grow from a value of $4.9 billion (in 2021) to $67.4 billion in 2026.

Blockchain applications in the music, film, theater and publishing industries could lead to revolutionary improvements in the not-too-distant future. NFTs (Non-Fungible Tokens), Which Have Revolutionized The Traditional Art Market, were discussed in 2020. NFTs are blockchain-enabled digital contracts that guarantee the ownership and authenticity of a work of art.

Advantages of Blockchain in Art:

Reduction of Intermediaries – The large number of intermediaries involved in the sales transaction makes it very difficult for writers to reach their target audience and makes the job expensive.

Guaranteed Intellectual Property – Blockchain can also be applied to copyright innovation. Thanks to the blockchain, we can permanently store the intellectual property of a work in the cloud and manage it wherever and whenever we want.

Improved Traceability of Creative Content – Another application of blockchain is to improve the traceability of works of art. 

Blockchain Can Make the Marketplace Safer – One of the art market’s greatest challenges for works where the artist is no longer alive is to verify its authenticity and provenance. In a 2014 report, The Fine Arts Expert Institute (FAEI) in Geneva stated that over 50% of the artworks it had examined were either forged or not attributed to the correct artist.

New Art, New Collectors – Blockchain has become part of artists’ practice, both as subject and medium. There is a nascent blockchain art movement from bitcoin graffiti art to artworks such as The Last Bitcoin Supper by French artist Youl, which sold for nearly USD 3,000 on eBay in 2014. 

Read more about this here - https://www.cryptorial.co/business/blockchain-and-art-the-unexpected-match/

[cryptorial]

How To Invest In The Next Internet Revolution

What is Web 3.0 and How Do We Get There?

Cryptorial Kusunoki Samurai: Web 3.0 is the third generation of the Internet, an improvement over the existing Web. When the internet started in the 1990s, it had limitations in functionality. Back then, being on the Internet meant knowing how to write HTML code. All websites are static, and HTML based. For most people, it’s just a place to read information; Therefore, Web 1.0 is often referred to as a read-only web.

Then came the companies that expanded Internet adoption. For example, think of social media and Facebook and Twitter. Instead of writing extensive HTML code to get your profile online, these companies allow a wider audience to become part of the internet with just an internet connection and a cell phone. Ordinary people can now read and write on the Internet.

However, in Web 2.0, some tech giants should control the Internet. For example, from Facebook, Meta now has several social media platforms. Because of this, they enjoy a monopoly on data and can use it to their advantage. Web 3.0 was born to liberate users from the control of tech giants. It aims to decentralize the currently centralized internet by giving users back control over their data. Web 3.0 = read + write + own.

Ways to Invest in Web 3.0

Cryptorial Kusunoki Samurai: Investors wondering how to invest in web3 have a variety of options. These include NFTs, virtual items inside the metaverse, and various related cryptocurrencies. These investments are not necessarily isolated in categories and can often be intertwined with one another.

Non-fungible tokens, or NFTs, are a digital art form that contain a unique blockchain identifier, making each NFT unique, at least in theory.

NFTs can have a variety of use cases in Web 3.0. Apps like play-to-earn games can use NFTs for in-game items, digital artists can create and sell their art without the help of intermediaries such as art galleries, and people can prove ownership of digital assets or verify their identity through NFT ownership.

Metaverse – The term metaverse refers to virtual universes powered by blockchain and web 3.0 technologies such as AR, VR and crypto. The idea behind Metaverse is to enable more complex digital interactions, including connecting, shopping, creating, and more.

For example, investors can purchase virtual lots in 3D virtual worlds such as Decentraland. In theory, as more people head to Decentraland to buy land, the value could go up, if the creators of Decentraland don’t keep coming up with new plots.

Cryptocurrencies – Buying Cryptocurrencies might be one of the most straightforward ways to invest in Web 3.0. Many of the platforms involved have their own tokens. There could be some overlap when investing in NFTs, the metaverse, and cryptocurrency.

Owning innovative crypto like Ethereum (ETH), for example, could be seen as an investment in all three categories. This is because ETH is a cryptocurrency, most NFT marketplaces are built on the Ethereum blockchain, and some metaverse applications are also built on Ethereum.

By holding ETH, investors might gain exposure to many aspects of Web 3.0 at the same time.

In addition, buying metaverse items and NFTs can typically only be done with a cryptocurrency like ETH, a fiat-pegged crypto known as a stablecoin, or the native token of a particular blockchain network. Therefore, it might be difficult to figure out how to directly invest in Web 3.0 without first acquiring cryptocurrency, unless an investor prefers the stock market, which opens other doors for investors.

Stocks

Cryptorial Kusunoki Samurai: Investing in shares of relevant stocks could be an easier, and somewhat less risky way to invest in Web 3.0. In this way, investors can gain exposure to the technologies that are already helping to build the Web 3.0 ecosystem.

Here are some of the most popular stocks that come to mind for investors who are considering how to invest in web 3.0.

Coinbase (COIN)

Apple (APPL)

Advanced Micro Devices (AMD)

Block (SQ)

Frequently Asked Question About Web 3.0

Q1. What is Web3?

Ans. It is a system that gives users more control over their data and privacy by utilising technologies such as blockchain encryption.

Q2. Is it better than Web2?

Ans. Web 3 guarantees that you own your data, assets, and digital identities while also combining the advantages of data policy. The present web 2, especially when the government has authority over users’ data, cannot ensure comprehensive data privacy.

Q3. How Is Web3 Going to Be a Profitable Venture?

Ans. According to experts, the market for web 3.0 blockchain technology will be valued at more than $6 trillion by 2023. Between 2023 and 2030, Web 3.0 will experience a CAGR of 44.6% growth.

Q4. Can You Explain What a Semantic Web Is?

Ans. A semantic web is a data-infused global network that is machine-readable and machine-intelligent. It is a method of displaying data on the internet so that computers can process and analyze it more quickly.

Q5. What Can Be Some of the Most Significant Practices That Can Follow in the Development of Web3?

Ans. One of the most important practices in developing web3 is surely developing ourselves for mobile first. Even though most of us are aware of this practice, it is worth mentioning. Nowadays, mobile devices account for most of the traffic. As a result, we must direct our focus toward designing websites with the comfort of using an application via mobile or smartphones in mind. Similarly, while building web3, one must concentrate on creating user-friendly designs.

This will undoubtedly assist in ensuring that the website/application/software works and looks well across most devices, including both huge desktop displays and little screens. Another crucial aspect of web3 development is to improve the performance and speed of our website. This will undoubtedly assist us to satisfy consumers who expect websites to load swiftly and smoothly. As a result, in the internet age, we must focus on optimizing our websites for speed and rankings.

Should You Invest in Web 3.0?

Cryptorial Kusunoki Samurai: The answer to this question will depend on an investor’s goals, risk tolerance, and personal preference.

Investing in any newly emerging and mostly unproven technology can carry high risk. But if investors do their due diligence, the rewards can also be great. Investing in Bitcoin in 2012 was arguably much riskier than it is in 2022, and early Bitcoin investors saw spectacular gains (as well as outsize losses). It’s possible, though not guaranteed, that early Web 3.0 investors could also see returns.

Those looking for a safe place to park their savings for the future might want to avoid investing in Web 3.0. Those seeking speculative opportunities might see Web 3.0 as an attractive bet.

Reference: How To Invest In The Next Internet Revolution

Visit Cryptorial now!

[cryptoriousblog]

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CRYPTOR GLOBAL™️©️ ......The first true Global Crypto Hub - is providing daily to everyone an extensive portfolio of necessary Information "Crypto-NEWS" , related to Crypto Currencies , Blockchain, Bitcoin, Crypto Coin data, and essential trading signals that are daily updated and market conform in their contents advanced. "International Experts meet at Cryptor Global" and guide your through the new Monetary Universe that will sooner as later replace all current Fiat Currencies. This Evolutionary Information Platform is your guiding Star on the uprising Crypto Currency Horizon. The World of the Cryptorious operates in a Galaxy of change, a Universe of visionary fundamental Knowledge, which when now implemented will proof itself to be for everyone utmost rewarding. Ahead of Time we can make the right decisions, because we know that we can change forever the World Cryptor Global ™️©️ Work Smart - Play Hard and feel to be a meaningful member of the Cryptorious https://lnkd.in/ep5vtnb

[tecnificentdotcom]

Cryptorious BIG NFT

https://rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:254868:0x231906cc93741e9ec6a43e7c0e968e86d08c474b

[thecryptory]

Coinbase and Bittrex In Court: Hand Over Stolen Bitcoin

Coinbase and Bittrex In Court: Hand Over Stolen Bitcoin

SAN FRANCISCO – In the United States Bankruptcy Court in the Northern District of California, it looks like there’s a pretty good shot that Coinbase and Bittrex are going to have to turn over millions of dollars worth of stolen Bitcoin. In official court documents obtained by The Cryptory (though highly censored as to protect the reputation of the accused) the PRELIMINARY STATEMENT AND SUMMARY OF…

[tipco613]

New Post has been published on https://cryptonewsuniverse.com/what-you-need-to-know-about-bitcoins/

What you need to know about Bitcoins

What you need to know about Bitcoins

The world has come to an era where most people prefer making transactions

and payments in a digital setting. This involves carrying out digital transactions from one account to another. The FIAT currency refers to a system of money accepted all around the world. Different types of FIAT currency have established exchanges within the system. Cryptocurrencies are a new system, just like the FIAT currency system except that it is digital. Generally, cryptocurrencies refer to Bitcoins due to their popularity in the world. Here are some of the Bitcoin details.

Digital Currency

Bitcoins are decentralized digital currencies without a central bank or single administrator. It is electronic cash that is used to make transactions that include purchasing items and also conducting trade. As said before, the Bitcoin system does not have any central governing principles involved; therefore, digital tokens are sent directly from the sender to the recipient.

History of Bitcoins

Satoshi Nakamoto published a paper on Bitcoin in the year 2008. This paper suggested the establishment of a method for carrying out financial transactions in a peer to peer mode using electronic cash. As FIAT currency stays in personal bank accounts, Bitcoins also have a place to be kept. Cryptocurrency wallets such as the mobile wallets, paper wallets, desktop wallets, online wallets, and hardware wallets are used to store Bitcoins. These wallets not only keep your Bitcoins but also ensure security and give an allowance of executing transactions with your Bitcoins and other cryptocurrencies.

Blockchain Network

It is essential to know that the Bitcoins are not real assets to store; instead, they are virtual addresses stored. The whole system involves a built network called Blockchain, whereby there is the addition of individual blocks whenever a transaction is carried out. It is, therefore, easy to follow the entire history of transactions. Moreover, no one can interfere with the sequence of the chain or even remove a block. The chain only adjusts when there is an addition of a new block. Another thing to note is the presence of the private key, which is a link to your cryptocurrency account or wallet. The role of the private key is to maximize security for your assets.

Exchanges via Bitcoins

You can acquire Bitcoins by looking for credible exchanges via Bitcoins ATMs and Bitcoin mining. It is only the owner of Bitcoins that can make any Bitcoins transactions. During the initiation of a transaction, the validity of the chain would be verified to ensure that no one uses expired Bitcoins. After the transaction is approved, there is usually the addition of a new block to the chain.

Conclusion

In conclusion, the increased demand for Bitcoins has caused the scarcity to supply. This makes the value of Bitcoins to appreciate, making it a big deal to have and to use it now. Bitcoins have already made it big, and it is, therefore, advisable to invest now.

Article Produced By Dean

Owner, Editor, and lead writer for Cryptorials. Cryptocurrency writer and trader since 2014.

https://cryptorials.io/what-you-need-to-know-about-bitcoins/

[deb-markethive]

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

New Post has been published on http://blog.hodlthrive.com/?p=415

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

Payment platforms are being designed for the new kid in town. Bitcoin payroll could very likely become a thing at a business near you.

                                 Every day, there is fresh and exciting news in the world of bitcoin.

Just this week, communications giant AT&T announced that it will accept payments in bitcoin. Bitcoin is proving to investors and consumers alike that it is a legitimate store of value. Last year, many were predicting the cryptocurrency’s end. However, bitcoin has staying power and has doubled in price in 2019. With a growing number of corporations accepting bitcoin, many people are looking to their paycheck. Read on to learn more about bitcoin payroll. Explore how to get your paycheck in the popular digital currency.

Why Should Businesses Investigate Bitcoin Payroll?

The world’s younger generations are looking for a currency change. They have little experience with commodities like gold or silver. Many millennials are too young to remember when the U.S. dollar’s value was tied to gold. Also, millennials are skeptical about government currencies due to debt and manipulation fears. As a result, half of all millennials are interested in using cryptocurrencies like bitcoin. Of this group, over one-third prefers to use bitcoin over the U.S. dollar. Therefore, many companies are looking to attract talented millennials by paying in bitcoin. The question for employees is how to receive a paycheck in digital currency.

Does Your Company Already Offer Bitcoin Payments?

The first action is to find out whether your employer already pays people with digital currency. Some companies use services like https://www.paystubcreator.net/ to generate paystubs when they pay out in bitcoin. If they do not pay in digital currency, don’t be afraid to ask whether it is in their future plans. With bitcoin’s growing popularity, there is a good chance that they are moving in that direction.

What Options Are Available for Bitcoin Payment?

There are a few different options available to employers to process paychecks in cryptocurrency if they opt to implement a bitcoin payroll system and make payments in that currency. However, it is not likely that all a company’s employees are on board with that plan. Another option is to make payments in traditional currencies. Then, companies can provide employees with a mechanism to convert their cash to a digital currency. Finally, your employer can opt to take a combination approach. Typically, this means combining traditional payroll services with partial payments in bitcoin.

What Are Some Concerns Your Employer May Have?

Digital currencies fluctuate in value on a daily basis. If there is a significant price drop, your employer may run afoul of state and federal minimum wage laws. Another concern is that each company must follow standard accounting practices for tax purposes. Your company’s accounting team may not know enough to comply with cryptocurrency laws. For example, the government may treat bitcoin transactions as investments instead of traditional payroll.

Wrapping It Up

The world is quickly adjusting to the bitcoin craze. It does appear that employers can keep up with customer demand for digital currencies. Your best course of action is to ask your company’s Human Resources department for more information. Perhaps they already pay out in bitcoin or have alternate options. If you enjoyed this article about bitcoin payroll, check out our blog for other great content.

Article Produced By Dean

Owner, Editor, and lead writer for Cryptorials. Cryptocurrency writer and trader since 2014.

https://cryptorials.io/bitcoin-payroll-how-to-obtain-your-paycheck-in-digital-currency/

Deb Williams (hodlthrive)

[blockchaininsidescoop]

Here Are the Steps to Become a Web3 Developer

Learn Blockchain Fundamentals: Understanding the basics of blockchain technology is crucial to becoming a Web3 developer. You need to know how blockchain works, what smart contracts are, and how decentralized applications are built on blockchain networks. You can start by reading blockchain whitepapers, watching online tutorials, and taking online courses.

Choose a Blockchain Platform: Once you have a basic understanding of blockchain technology, you need to choose a blockchain platform to focus on. Ethereum is the most popular blockchain platform for Web3 development, but other platforms like Polkadot, Binance Smart Chain, and Solana are gaining popularity. Choose a platform based on your interests and career goals.

Learn Solidity or Other Web3 Programming Languages: Solidity is the most popular programming language used to build smart contracts on Ethereum. However, other blockchain platforms use different programming languages like Rust or JavaScript. You need to learn at least one of these languages to become a Web3 developer.

Build Your Own Projects: Building your own Web3 projects is an excellent way to gain hands-on experience and improve your skills. Start by building small projects like smart contracts and decentralized applications, and gradually move to more complex projects.

Join Web3 Communities: Joining Web3 communities can help you stay up to date with the latest trends and best practices. Attend meetups, join online forums, and participate in hackathons to network with other Web3 developers.

Continue Learning: The Web3 ecosystem is constantly evolving, so you need to stay up to date with the latest developments. Attend conferences, read blogs, and take online courses to continue learning and improving your skills.

The potential opportunity for becoming a Web3 developer is abundant, so if you have the technical skills and knowledge to pursue it, then this is one career path worth exploring. There are many online courses available which make it easier for aspiring developers to get acquainted with web 3.0 technologies from the comfort of their homes.

Read more of this article here: https://www.cryptorial.co/business/embracing-new-technologies-how-to-become-a-web3-developer/

[cryptorial]

The Rapidly Evolving Industry Of Cryptocurrency

As someone who has interested in cryptocurrency for a while now. I have had the opportunity to learn and experience a lot about this exciting and rapidly evolving industry. One thing that has really stood out to me is just how transformative cryptocurrency can be in the real world. Both for individuals and businesses.

One of the most compelling real-world examples of cryptocurrency in action. It is the way it has been used to facilitate international payments. Traditional cross-border payments can be slow and costly, with high fees and long processing times. Cryptocurrency allows for fast and cheap international transactions.

I personally experienced this firsthand when I was traveling abroad. And needed to send money to a friend in another country. Using a cryptocurrency exchange and wallet, I could send the funds instantly. Also, at a fraction of the cost of a traditional wire transfer.

But it is not just individuals who are benefiting from the convenience and cost-effectiveness of cryptocurrency. Businesses are also starting to adopt it as a means of payment and to streamline their operations.

One company that has seen remarkable success with cryptocurrency is Overstock.Com. It is an online retailer that was one of the first major businesses to accept Bitcoin as Payment. Since implementing this option in 2014, Overstock has processed millions of dollars in Bitcoin transactions. And has seen a significant increase in customer loyalty.

In addition to its use as a payment method, cryptocurrency is also being embraced by businesses. And it is to raise capital through initial coin offerings (ICOs). An ICO (initial coin offerings) is a form of crowdfunding in which a company issues a new digital token in exchange for funding. This allows businesses to raise funds from a wide pool of investors. It includes those who may not have access to traditional forms of financing.

While ICOs have been controversial due to the potential for fraud. They have also been a successful fundraising tool for many legitimate companies. For example, the messaging app Telegram raised a record-breaking $1.7 billion through its ICO. It used to develop and launch its blockchain-based platform.

Aside from its use in international payments and fundraising, cryptocurrency is also being explored to improve supply chain management and traceability. The use of blockchain technology, which underlies many cryptocurrencies, allows for a secure and transparent record of transactions. This can be especially useful in the food industry, where traceability is critical for ensuring the safety and quality of products.

One company that is using cryptocurrency in this way is Walmart, which has been piloting a blockchain-based system for tracking the movement of pork in China. By using this system, Walmart can quickly and accurately trace the origin of the pork, allowing it to identify and address any potential issues more efficiently.

Overall, cryptocurrency is making a real impact in the world and has the potential to revolutionize various industries. While it is still a relatively new and rapidly evolving technology, the early adopters of cryptocurrency are already reaping the benefits, and it will be interesting to see how it continues to shape the future.

Reference: The Rapidly Evolving Industry Of Cryptocurrency

Visit Cryptorial now!

[cryptoriousblog]

Choose Your CRYPTOR Education & Trading Package

Be among the next Crypto Millionaires and secure for yourself and your loved ones a successful financial future which all of you truthfully deserve. 

Every day you can make substantial amounts of money regardless if the Crypto Currency market in general displays Bull or Bear trading tendencies.

Use the decentralized monetary platform to your advantage and achieve finally your total independence from the outdated paycheck payment system.

A new Time is revealing new tremendous opportunities that can be applied in everyones success story when knowledge is gathered and accordingly in the Trading process implemented. 

We are here to help you to achieve, to conquer, to succeed in a by Technology dominated world that has taken control of every meaningful aspect of our Lives. 

Sign up today and begin tomorrow your Wealth creation journey .

[masaa-ma]

cryptorious - 秘密鍵/公開鍵を使ったパスワード管理

from http://www.moongift.jp/2017/05/cryptorious-%e7%a7%98%e5%af%86%e9%8d%b5%e5%85%ac%e9%96%8b%e9%8d%b5%e3%82%92%e4%bd%bf%e3%81%a3%e3%81%9f%e3%83%91%e3%82%b9%e3%83%af%e3%83%bc%e3%83%89%e7%ae%a1%e7%90%86/

パスワード管理と言えばマスターパスワードがあり、それさえ覚えておけば他のパスワードは覚えておかなくて良いというものです。しかしマスターパスワードを簡単なものにしてしまったら意味がありません。

そこで使ってみたいのがcryptoriousです。パスワードを入力する代わりに公開鍵/秘密鍵を使うパスワード管理です。

cryptoriousの使い方

cryptoriousのヘルプです。

$ cryptorious WARN[0000] /Users/nakatsugawa/.cryptorious does not exist, creating... NAME: _________ __ .__ \_ ___ \ _______ ___.__.______ _/ |_ ____ _______ |__| ____ __ __ ______ / \ \/ \_ __ \< | |\____ \ \ __\ / _ \ \_ __ \| | / _ \ | | \ / ___/ \ \____ | | \/ \___ || |_> > | | ( <_> )

http://s3-ap-northeast-1.amazonaws.com/moongift/attaches/15403/list.

[liberbits]

Zal #Iran slagen met haar nieuwe #stablecoin afgedekt door #goud? #Cryptocurrency en #geopolitiek in het kader van #sancties. Leer meer over de Paymon (PMN) token ook wel de #CryptoRial genoemd: https://t.co/3tiFD023aC

Zal #Iran slagen met haar nieuwe #stablecoin afgedekt door #goud? #Cryptocurrency en #geopolitiek in het kader van #sancties. Leer meer over de Paymon (PMN) token ook wel de #CryptoRial genoemd: https://t.co/3tiFD023aC

— LiɃerBits (@LiberBits) May 13, 2019

from Twitter https://twitter.com/LiberBits May 13, 2019 at 03:13AM via IFTTT

[loveanushaanu]

Last year, Russian hackers began to less often implement fraud with bank cards, switching their attention to the crypto currency. However, the Central Bank of Russia fears that the legislative regulation of the crypto-currency market can turn the situation in the opposite direction. This is stated in the review of the Center for Monitoring and Responding to […]

The post CBR: Regulation of cryptory will return hackers to hacking bank cards appeared first on Geekxplore.com.

[h3adeu]

参考まで。 dashee87/cryptory https://t.co/FjhNI7Fj59

参考まで。 dashee87/cryptory https://t.co/FjhNI7Fj59

— ua5aw98z (@ua5aw98z) February 9, 2018

February 09, 2018 at 09:25AM

[tipco613]

New Post has been published on http://cryptonewsuniverse.com/bitcoin-payroll-how-to-obtain-your-paycheck-in-digital-currency/

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

Payment platforms are being designed for the new kid in town. Bitcoin payroll could very likely become a thing at a business near you.

Every day, there is fresh and exciting news in the world of bitcoin.

Just this week, communications giant AT&T announced that it will accept payments in bitcoin. Bitcoin is proving to investors and consumers alike that it is a legitimate store of value. Last year, many were predicting the cryptocurrency’s end. However, bitcoin has staying power and has doubled in price in 2019. With a growing number of corporations accepting bitcoin, many people are looking to their paycheck. Read on to learn more about bitcoin payroll. Explore how to get your paycheck in the popular digital currency.

Why Should Businesses Investigate Bitcoin Payroll?

The world’s younger generations are looking for a currency change. They have little experience with commodities like gold or silver. Many millennials are too young to remember when the U.S. dollar’s value was tied to gold. Also, millennials are skeptical about government currencies due to debt and manipulation fears. As a result, half of all millennials are interested in using cryptocurrencies like bitcoin. Of this group, over one-third prefers to use bitcoin over the U.S. dollar. Therefore, many companies are looking to attract talented millennials by paying in bitcoin. The question for employees is how to receive a paycheck in digital currency.

Does Your Company Already Offer Bitcoin Payments?

The first action is to find out whether your employer already pays people with digital currency. Some companies use services like https://www.paystubcreator.net/ to generate paystubs when they pay out in bitcoin. If they do not pay in digital currency, don’t be afraid to ask whether it is in their future plans. With bitcoin’s growing popularity, there is a good chance that they are moving in that direction.

What Options Are Available for Bitcoin Payment?

There are a few different options available to employers to process paychecks in cryptocurrency if they opt to implement a bitcoin payroll system and make payments in that currency. However, it is not likely that all a company’s employees are on board with that plan. Another option is to make payments in traditional currencies. Then, companies can provide employees with a mechanism to convert their cash to a digital currency. Finally, your employer can opt to take a combination approach. Typically, this means combining traditional payroll services with partial payments in bitcoin.

What Are Some Concerns Your Employer May Have?

Digital currencies fluctuate in value on a daily basis. If there is a significant price drop, your employer may run afoul of state and federal minimum wage laws. Another concern is that each company must follow standard accounting practices for tax purposes. Your company’s accounting team may not know enough to comply with cryptocurrency laws. For example, the government may treat bitcoin transactions as investments instead of traditional payroll.

Wrapping It Up

The world is quickly adjusting to the bitcoin craze. It does appear that employers can keep up with customer demand for digital currencies. Your best course of action is to ask your company’s Human Resources department for more information. Perhaps they already pay out in bitcoin or have alternate options. If you enjoyed this article about bitcoin payroll, check out our blog for other great content.

Article Produced By Dean

Owner, Editor, and lead writer for Cryptorials. Cryptocurrency writer and trader since 2014.

https://cryptorials.io/bitcoin-payroll-how-to-obtain-your-paycheck-in-digital-currency/