A new survey conducted by ChronoBank, an HR startup company, has found out that over two-thirds of cryptocurrency investors would prefer to receive their salaries in crypto. Many are disappointed by the fact that there are few employers willing to pay salaries in crypto.
Survey Shows Preferences of Crypto Enthusiasts
The survey was comprised of 445 cryptocurrency enthusiasts. The findings make for an interesting read with 66 percent of respondents reportedly willing to receive wages in crypto.
Also, only 30 percent believe companies in their country will change to paying wages in virtual currencies, with those from the US being very skeptical of this happening. But, 83 percent of all respondents are willing to receive their bonuses in digital currencies.
When it comes to taxation, only 52 percent are willing to pay taxes on their crypto gains. More interestingly, 65 percent of US residents are willing to pay crypto taxes compared to only 30 percent Russians.
But, with the younger generation, it’s a bit different with 60 percent from all countries willing pay taxes as currently stated.
The survey was comprised of respondents from the US, Australia, Russia and a few other nations with 92 percent being male. 75 percent are employed and 40 percent are aged between 25 and 34.
According to the CEO of ChronoBank, Sergei Sergeinko, by embracing crypto payments even the employers stand to gain.
“Most revealing was that 72% of those surveyed said they would prefer an employer who has the salary payment option in the cryptocurrency when choosing their next place of employment. These results suggest that employers need to get up to speed with crypto sooner rather than later.”
Over 50 percent of respondents identified as “hodlers” in that they feel receiving wages in crypto would help them save more. 60 percent of those aged 18 to 24 seem to agree with this belief. And 19 percent say that they wouldn’t touch their crypto coins with the hopes that the value would increase in time.
However, many of the respondents seem to be unaware of the regulations that exist in their respective countries when it comes handling crypto salaries. 57 percent believe payments in crypto can positively impact their country’s economy.
Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology