The data, drawn from more than 100,000 contracts in more than 150 countries, shows that Latin America (LATAM) and Europe, the Middle East and Africa (EMEA) lead the regions who have employees who want to be paid a portion of their salary in cryptocurrencies.
The report shows that of the employees who accepted at least a portion of their salaries in cryptocurrencies, 52% were from the LATAM region34% from EMEA, 7% from North America and 7% from Asia Pacific.
What’s more, study shows bitcoin (BTC) remains the preferred cryptocurrency, since 63% of crypto salaries are made with this currency. However, while BTC remains dominant, altcoins are slowly gaining ground as well. Ether (ETH) and USD Coin (USDC) are tied for second place with 7% of crypto salaries each. They are followed by Solana (SOL) and Dash (DASH) each with 2%.
Meanwhile, as more people start accepting salaries in cryptocurrencies, some have expressed concern that the volatility of the crypto markets will affect its value. In a discussion thread about crypto salaries, Twitter user Joey Jackson wrote:
I guess it would be interesting when you wake up the next morning after receiving your salary only to find that the market has crashed drastically and so has your salary, because it is now in crypto. What happens then?
In addition to being used as wages, cryptocurrency payments are also gaining traction in small businesses (SMBs) around the world. A study published in January shows that 24% of SMBs plan to accept payments in cryptocurrencies. According to the respondents, this is vital for the growth of their companies.
Big companies in the payments industry also recognize that cryptocurrencies are the future of payments. In a past interview with Cointelegraph, Petr Kozyakov, CEO and co-founder of Mercuryo, said that “75% of large companies believe that cryptocurrencies will eventually be integrated into all forms of financial services.”
Source: Ambito
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