With the increase in the level of adoption of cryptocurrencies worldwide, news about the possibilities of carrying out transactions and daily payments using cryptoactives are becoming more frequent. This also increases the number of companies that have shown their support for the new monetary system and are studying the possibility of operating with this type of assets and venturing, among other initiatives, in the payment of salaries with cryptocurrencies.

Based on these advances, some companies have already incorporated cryptocurrencies into their workers' compensation system. Such is the case of companies; Repairs your debt, advises on the cancellation of debts in Spain, GMO Internet Inc. of Japan, and the Canadian Structur3d Printing that already have this method of payment to their employees, amortizing half of the salary in crypto assets and the other half in your local currency.

What is being sought Applying this initiative to the economic system of any beneficiary worker?

It seeks to promote its use, adoption and also increase the level of knowledge of staff about these assets to facilitate a better reception of these new trends.

However, when evaluating the implementation of this payment method, it is first necessary to consider certain difficulties:

- Among them, those related to the regulation of cryptocurrencies in each country. A fact that implies taking into account the legal, accounting and tax aspects of each jurisdiction.

- Also the volatility of the cryptocurrencies, a characteristic that can be cause of loss of value or of revaluation of the salary, depending on the increase or decrease of the price of the cryptoactives in the market. This specific variable has meant that most companies that use this system pay only part of the salary.

Of course there are other aspects to take into account when choosing this option, beyond the debate on legal issues. Its execution requires the implementation of greater logistics:

One aspect that should be taken into account is that the recipients of money must have a portfolio with their respective keys and security mechanisms. At the same time, employees have to learn to use cryptocurrencies, know how to make transactions and how to make changes to fiat money. This situation requires training for both employers and employees.

What advantages does this type of payment have?

Among the advantages of paying salaries in cryptoactive is its ease of use, its nature that exceeds borders and its lower rates. To this is added that the method allows companies to attract more technologically qualified people.

In this sense, the ease offered by cryptocurrencies for international payments is highlighted. Something that does not happen with most of the sites that offer these services for freelancers and extra-frontier employees, whose payments are usually generated through Paypal, Payoneer or Payza. These have higher commissions and their requirements often make the receipt of the payment uphill. Also cryptocurrencies represent an alternative to empower employees in their finances, by serving as an investment and as a store of value. On the other hand, existing strategies to counteract volatility are cited. For this it is worth applying one of the most frequent advice in the area of ​​investments "diversification". In this way, it is recommended not only to handle a cryptocurrency to pay the salary, but to use several cryptoactives. Or simply use as an existing Stablecoin payment method to avoid being affected by the volatility of the same.

It is very true and it is a reality that there is still a way to go, but the advances that are being observed as this technology advances are significant. It is expected that the cases of companies that implement the payment of salaries with cryptocurrencies continue to increase. Most likely, payments will increase as more technological solutions are generated, and in the everyday, the payment of goods and services with cryptocurrencies will become much more common.