Ask Leo: Do You Still Prefer Getting Paid In Crypto Or Fiat?

in LeoFinancelast year

I recall many months ago, perhaps over a year ago in the bull market, there were so many news about folks who made the decision to get paid their salary in crypto. This was some big news then especially since this decision was taken by some really big names in sports and entertainment but since then, we haven't heard much of big names coming out as pro crypto or wanting to get paid in crypto. Well, so much has happened, the fiat value of every cryptocurrency out there is dropped by ay least three times and cryptos has somewhat gained an awful reputation courtesy of the bear market, scams and crash of giants in the space. So, the question is do you still wanna get paid in cryptos after all this?


source

For me, Hell Yeah. No better time to get paid in crypto than now and I truly wish it was possible to get paid in crypto here. At this point there's literally nothing to dear anymore, we've been through the some of the worst stages of the market and I do feel much more comfortable with cryptos now. Of course, I wouldn't wanna get paid in a shitcoin or cryptocurrency I don't know or one that wouldn't be valuable to me.

There are so many great options like now that would make getting paid in crypto a less risky thing and a great way to build our portfolio in the bear market. In my opinion, Hive and HBD are definitely the best cryptos to get paid in right now because of their current price and how valuable they are. USDT is also a pretty cool way to get paid for anyone who wants crypto but wanna be free from the volatility to a great extent.

I believe getting paid in crypto would be a huge thing in the future, it would be as normal as how getting paid in fiat is now. I sometimes do get paid in cryptos from services I offer, but I look forward to a time when all I accept is crypto. That's would be fantastic.

Sort:  

Fiat.

  1. Less transaction fees. Most of my expenses are in fiat, selling crypto to pay for fiat expenses would cost me more
  2. It is not likely my employer would offer me a fixed amount of crypto while the crypto is going up, they would not absorb the cost.
  3. Fiat is a bigger market with higher volume than crypto, and you can always just buy crypto.

Yeah, great points buddy. I carry out most of my transactions in crypto though, even groceries and when I use my local currency it's by a debit card or transfer. I believe the whole crypto payment works well if the employer is also willing and it pays them. But I also understand the laws in some country don't favor such kinds of payments.