Categories
News

New York Yankees employees can now convert their salaries into Bitcoin (www.blockcast.cc)

New York Yankees, Major League Baseball’s most successful team in history, has taken a major step into the world of cryptocurrency with a partnership that allows the club’s employees to convert portions of their salary into Bitcoin (BTC/USD). The club announced this on Thursday, noting that the deal will work via a collaboration with bitcoin […]

Visit us at https://is.gd/5YxJly

Categories
News

Immensus Group, a Dutch Domino’s franchise starts paying salaries in BTC (www.blockcast.cc)

Visit us at https://is.gd/E1J5Ew

Categories
News

A picture to understand: Inventory of large companies that support Bitcoin to pay salaries (www.blockcast.cc)

From being questioned, ridiculed, and ridiculed, to gradually getting out of the circle of niche geeks, and making Wall Street giants who once sneered at this to overthrow themselves to embrace actively, the consensus on Bitcoin is growing and spreading rapidly. Today, crypto assets are no longer just high-risk investors seeking high-yield new investment targets. More and more people and companies are beginning to recognize their intrinsic value. bitcointreasuries.org has counted some of those who use Bitcoin to pay wages. The list of large companies has been finished in Chinese by Lianwen:

Currently, companies that support the use of Bitcoin to pay wages are mainly located in the Americas and Europe, with American companies accounting for 40% and Swiss companies accounting for 24%. From an industry perspective, in addition to companies engaged in the encrypted asset industry, companies in the financial and technological fields have a higher acceptance of Bitcoin. In addition, Internet+ giants such as Airbnb and Uber are also actively embracing crypto assets.

A picture to understand: Inventory of large companies that support Bitcoin to pay salaries

Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views, and have nothing to do with the position of ChainNews. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.

Categories
News

Miami mayor says city employees should be able to take their salaries in Bitcoin (www.blockcast.cc)

Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin’s adoption throughout the city included enabling city employee salaries to be paid in BTC.

Major figures in the cryptocurrency world have responded positively to the idea, with Twitter and Square CEO Jack Dorsey calling it “smart” on Twitter.

Germini co-founder Tyler Winklevoss stated that the mayor is “leading the way for governments and Bitcoin.”

Mayor Suarez told Forbes that due to the rise in crypto’s popularity among citizens, he wants to do everything he can to make Miami a Bitcoin-friendly city. Other proposals include allowing local fees and taxes to be paid in Bitcoin and certain other cryptocurrencies, as well as investing some of the city’s treasury into Bitcoin, following Microstrategy’s example.

Although he isn’t sure of specific amounts, Suarez explained that the treasury investment would be structured as a public-private partnership, with the private partners receiving some of the rewards for alleviating some of the risks.

He also revealed that he’s also considering financing his reelection campaign in Bitcoin. He isn’t the first to turn to Bitcoin to help fund political campaigns with Democrat Andrew Yang, California U.S. Rep. Eric Swalwell, Minnesota U.S. Rep. Tom Emmer, and Libertarian Lara Loomer among U.S. politicians who have already accepted cryptocurrencies in past campaigns.

The mayor believes Bitcoin will be the “biggest story for the next few years.”

Late last year the mayor called Bitcoin a “stable investment” during an “incredibly unstable year.” Last week, he uploaded Bitcoin’s whitepaper onto the government’s website saying:

“The City of Miami believes in Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.”

The mayor told Forbes that he has reached out to other states and jurisdictions, including Caitlin Long in Wyoming and Florida CFO Jimmy Patronis to help drive Bitcoin-friendly changes in Florida’s legislature. These efforts are part of the city’s push to be the next major tech hub in the U.S. with plans to grow innovation and tech growth in the next few years.

Should these actions take effect, Miami’s 450,000 citizens may be encouraged to start transacting in Bitcoin on a regular basis, with the potential for this to spread to the rest of Florida’s 21.5 million residents. It would also make the city more attractive for blockchain-related tech companies and events.

Major crypto conference Bitcoin 2021 announced earlier today it was moving from Los Angeles to Miami in June this year.

Although Miami may be the first U.S. city to offer employees salaries in Bitcoin, other companies have also been exploring this. Last week, Cointelegraph reported that software development services provider Sequoia Holdings, based in Virginia, is offering employees the ability to sacrifice a portion of their salary to invest in either Bitcoin (BTC), Bitcoin Cash (BCH), or Ether (ETH).

Go to Source

Image Credit: Refer to Source
Author: Refer to Source Cointelegraph By Joshua Mapperson