4 ms·
They're still paid in EUR, just getting some of that converted to BTC. If selling the BTC later on makes them a profit, it becomes the responsibility of the emp
by iwwr 14y ago
They're still paid in EUR, just getting some of that converted to BTC. If selling the BTC later on makes them a profit, it becomes the responsibility of the employee to report any profits.
The greater problem is how the employer manages to get a hold of larger amounts of BTC needed.
- jerguismi 14y ago> The greater problem is how the employer manages to get a hold of larger amounts of BTC needed. They are using external service for that AFAIK. The company itself does not manage the bitcoin purchases.
- paavo 14y agoThat's true. They're using the Finnish exchanger (Bittiraha) which also provides payment services for world's first Bitcoin-accepting dental clinic (MeidänKlinikka) as well as Finland's first Bitcoin-accepting restaurant (Vegemesta).
- Cthulhu_ 14y ago> The greater problem is how the employer manages to get a hold of larger amounts of BTC needed. If I were the employer, I'd be wringing my hands; for all I know they could've gotten a small fortune in BTC when they were still cheap to generate / purchase, and since then the value of BTC has sixtupled (or more). So, pay their employees without having to spend real money. I'm probably not understanding BTC though.
- hatu 14y agoI'm not sure how the taxes work but wouldn't it be kind of like buying shares as a company that made good profits. It's not free money in the eyes of the tax office.
- jerguismi 14y agoAnd it is not free money even if you didn't pay the taxes. Who knew 2 years ago that bitcoin would be trading now at almost $50 a pop? There has always been huge risk with buying bitcoins, since it is so new technology.