While still many people are skeptical about crypto, it is obvious that the adoption of cryptocurrency has been evolving progressively in this last year, and that it will continue to grow. Jobchain® will allow society to give this big step towards the acceptance of crypto to be able to receive their salaries in cryptocurrencies.

Several companies are already accepting Bitcoin as payment, like Microsoft, Starbucks, and many more, helping in this way to allow crypto adoption across the globe, and therefore, helping our mission.

Several celebrities and football players already accepted the fate of the future digital money and are getting their salaries in crypto. But why do they do it? Why should you want to receive your salary in crypto and not?

In this article, we will give you all the reasons why you should get your salary in crypto.

1. Less Transaction Fees

Since the start of the COVID-19 pandemic, there has been a huge demand for several consultants and freelancers, as well as numerous employees, to work remotely from home and online. At the same time, these self-employed workers have several clients around the world, and probably since ever, they have faced problems regarding the expensive exchange rates that take over too much of their earnings. Instead of using fiat money, by using Bitcoin the fees for the transactions are way far less expensive than using Paypal or another payment service. Afterwards, the amount in Bitcoin from the transaction can be easily converted into Euros.

2. Elimination of Banking Fees

Cryptocurrency users are not subject to the traditional banking fees associated with fiat currencies. This means that there is no account maintenance or minimum balance fees, no overdraft charges, and no returned deposit fees, among many others.

3. Transparency

All transactions that happen in the Blockchain are public, traceable, and permanently stored in the Blockchain network. The addresses are the only information used to define where the cryptocurrencies are allocated and where they are sent. With this system, Blockchain also creates an immutable, transparent record of the salary payments that have taken place — protecting both parties in the event of a dispute.

4. Fast Transactions

Have you ever felt the inconvenience of the time that it takes for a transaction from usual banks to perform? Sometimes it can take up to days or even weeks to clear the transaction. How is it possible? Why so much time? By using cryptocurrencies, your transactions can take up to 10 minutes, seconds or they can even happen instantly. It's a big difference, and when it comes to getting your salary on time, with crypto there is no risk in that matter.

5. Global Labour Market

Crypto is borderless, which means you can work for anyone, no matter where in the world each of you lives. Being in Austria while working for a company in China receiving your salary in crypto, is easy and efficient thanks to the fast and low-cost transactions. Accepting crypto as your salary will open doors to new employment and business opportunities with new companies and crypto startups that often pay their employees in crypto, being able to access a global labour market. This is exactly the mission of Jobchain.

6. Bypass the Banking System

The crypto payment system is purely peer-to-peer, meaning that users can send and receive payments to or from anyone on the network around the world without requiring approval from any external source or authority same as banks, where you would usually deposit your fiat money. In such a way, that the 1.7 billion people in the world that don't have access to a bank account, that live in political and economic unstable countries, would promote their effectiveness to manage their financial accounts while receiving in crypto for their salary since in this way they can avoid inflation risks and enjoy less cross border payment expenses.

7. Your Salary as an Asset

The biggest opportunities come when you can hold your salary as an investment and watch it grow over the course of a market cycle. However, there are also risks due to the volatile nature of cryptocurrencies, which you’ll need to learn about and manage along the way.