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Bitcoins / Breaking News

Japan Firm Joins Bitcoin Payment Clan

A company from Japan is set to start paying a part of its employees’ wages in Bitcoin. The company aims to gain a better understanding of the digital currency, claimed a spokeswoman on Friday.

GMO Internet, which runs a number of web-related businesses such as finance, online advertising and internet infrastructure, will begin paying employees up to 100,000 yen ($890) monthly through Bitcoin. This is expected to commence from February next year.

“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii told AFP.

“We hope to improve our own literacy of virtual currency by actually using it,” she said.

Harumi then went on to say that the offer will be open to around 4,000 employees of the GMO group.

The company started a Bitcoin trading and exchange business back in May of this year.

Next month, GMO will join the “Bitcoin mining” business. This means that they will gain the right to receive new Bitcoins as a reward from helping to keep the network secure by approving transactions.

2017 has been an incredible year for Bitcoin, seeing its price rise from below $1,000 earlier this year to $17,000 this week.

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Frances is a writer for Crypto Daily, and she is responsible for bringing you the latest news on everything that is related to the Crypto world. She has a keen interest in Cryptocurrencies, and has many years of experience writing in all different roles. She is incredibly passionate about writing, and this combined with her interest into the finance, and virtual currency sector means that you are kept up to date with all of the latest news and information regarding all cryptocurrencies.

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