Which will choose Salary in Hive or Fiat Money?

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Dear all my friends..

I hope you are all in good health and continue to work. Because from that work we can reap the results. Without work it is impossible for us to achieve maximum results. Even those who have tried their best, the results are still not as expected.

Salary in Crypto

As we know, the rewards we receive are in the form of crypto as a form of appreciation or even wages. Then how about the employees who work for the company, will they also agree if their salary is given in the form of BTC, BCH or even Hive?

The answers can vary. There are those who agree 100 percent if they see a bull market. Ad is also doubtful if he sees the market in a bearish state like now. Nada also chooses to be paid in fiat currency because she does not or does not understand cryptocurrencies.
Salaries with cryptocurrencies like Hive, or BCH actually provide benefits for employees. BTC, BCH, Hive or other crypto will be an asset for employees in addition to being used as a means of payment. To get there, of course, there are still many challenges that must be overcome. Several things must be prepared so that employees can receive salaries in crypto.

1. Enterprise connectivity to cryptocurrencies

As a new method, payment of salaries with crypto requires smooth connectivity. Companies must have links with the crypto world so that it will make the payment process easier. The form of connectivity can be done by providing crypto ATM services, so that employees can easily convert crypto into fiat money or vice versa. The company can also provide employee needs that can be paid with crypto.

2. Employee understanding of crypto

From the employee side, they must also be given education about crypto, both potential and risk and how to anticipate it so that they can fully understand crypto.

3. Supportive retail market

If the retail market that fulfills daily needs can be done with crypto, it will certainly be faster and easier to make payments with crypto. After receiving a salary, employees can manage the allocation of daily goods expenditures and manage the necessary expenses. Thus, employees will be able to see the remaining salary as savings. It is very likely to increase well as the crypto asset increases both in number and in value.

4. Regulation

The problem that may be a bit complicated is state regulations. This relates to the fiat currency policy that is officially enforced. In some countries that prohibit fiat money as a means of payment, it still takes time to make crypto as a salary. However, for countries that already want crypto as a payment method, it will certainly be easier.

5. Crypto receiving entit

There needs to be a business or institutional entity that accepts crypto as a means of payment. Official educational institutions such as schools, universities or business institutions that require payment can be made with crypto. This will greatly support in receiving payments so that employees are no longer limited to redemption at crypto ATMs.

With these things and with the support of all parties, payment of salaries with cryptocurrencies such as BCH will be possible. In this way, employees will have more opportunities to reap the benefits of the remaining BCH salary that is their investment.

Thus my writing may be useful.

Best regard from Indonesia

@rokhani

Disclaimer: This article is written as a personal opinion without any inclination, not as financial advice.

Thank you for stopping by and reading my post. I hope you enjoy it. Upvote, comment, reblog and other support are highly appreciated.

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12 comments
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Unfortunately people have to take their salary in the currency used for bills.

The true innovation in crypto will come when people have both differentiated income and expense streams.

In such markets people would get some income in fiat, some in crypto. Bills would be in a mix of crypto and fiat.

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(Edited)

You are right.
I agree with you. With the development of technology and real practice of crypto application, hopefully in the future there will be new things that support it.
Thank you for stopping bay and commenting and support

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I can expect salary in HBD and keep some HBD in savings to earn sweet 12% interest on it.

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It is OK..
Then you get more benefit

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Probably both depending on the personal financial circumstances.

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It can be in two kind a half as fiat the other is crypto. The fiat can be use to fulfill the need which can't pay by crypto. The crypto can be saved as investation.
Warm regard from Indonesia

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Hive 100%

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Yes we know Hive is a big source of rich

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(Edited)

You should know that Hive or any other crypto currencies are highly volatile. Imagine at the time when salary was credited to your account hive was having value of 2 usdt and 1 hr later it dropped to 1 dollar and you got some urgent need of money you will only get 50% of your salary but if it was fiat it will have the same value.

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That is an challenge how to prevent unstable value of crypto. May be it can be mix a half crypto and a half fiat?

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(Edited)

you should know that cryptocurrencies don't have any value like fiat currency. if there are no investors then the value of cryptocurrency is zero and if there are investors then the value of that cryptocurrency will be the total invested amount/total supply of that currency. The fiat currency that we use are having gold as a reserve and currency is printed according to the value of gold in the bank's reserve. Fiat will never go to zero but crypto will.

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I would personally go with 10% crypto and the rest Fiat because of volatility we have in cryptos. But imagine if only that split would be done from at least 10% of the people globally…puh! 📈🚀

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