Crypto: Would you be willing to get paid in Shiba Inu (SHIB)?

With over a million users, some employers find it legitimate to pay wages in SHIB. If the idea tempts them, they’ll just have to turn to NOWPayment, which just launched a mass payment tool designed for Shiba Inu payments.

Receive your salary in SHIB thanks to NOWPayments

It’s been 4 days since NOWPayments released their SHIB salary payment solution. NOWPayments, which is nothing more than a cryptocurrency payment gateway, has always drawn attention to Shiba Inu. He did not make a burn to support the ShibArmy in December 2021?

It is allowing companies with fans of the memecoin among its staff to pay the salary in SHIB which it believes contributes to the achievement of the “moon” goal.

To do this, they will only have to:

  • create a NOWPayments account;
  • generate an API key;
  • fill in the NOWPayemts form for massive payment requests;
  • activate the mechanism by sending a request to[email protected];
  • deposit SHIB on your account;
  • check the box “Create a bulk paymentin the sales section;
  • download the .csv file in which the amount of remuneration in SHIB of each employee is recorded;
  • proceed to payment.

What are the benefits of paying salaries in cryptocurrencies?

We can also ask the question:what are the advantages of paying salaries in cryptocurrency?

We are not at the beginning of the history of the payroll in cryptocurrencies. The mayors of Miami and New York, for example, have confessed to receiving the salary in bitcoin. At the beginning of the year we also met a Belgian parliamentarian who decided to receive his salary in bitcoin. And then other athletes followed suit.

But until then, no SHIB pays.

However, agreeing to pay Shiba Inu its employees boils down to enjoying many benefits such as:

  • speed: or immediacy, which banks struggle to achieve given the number of days required to complete an operation;
  • independence: in essence, this is the first advantage linked to cryptocurrencies, the absence of trusted third parties and access to a decentralized peer-to-peer system;
  • the attraction of workers: in particular those crypto-enthusiasts, who prefer to minimize the costs associated with the manipulation of their assets;
  • tax optimization: it will depend on the country, but since cryptocurrencies are considered property in the United States, employees with high incomes will benefit from paying in SHIB;
  • access to an asset with a high investment potential: especially if the value of the SHIB begins to appreciate, to the point of reaching the much-dreamed 1 cent;
  • transparency and confidentiality: on the one hand there is the blockchain that guarantees transparency in all cryptographic transactions, and on the other the possibility of maintaining anonymity with respect to the holders of cryptocurrencies;
  • safety: as the sole owner of his salary in SHIB, the employee will avoid the masked Ponzi of fiat.

Note, however, the importance of the “legal” component of wage payments in SHIB. It is up to the employer to carefully check the specific legal situation of his country of establishment. At the moment, we only have El Salvador and the Central African Republic as countries that have legalized bitcoin. If you reside in China, you will need to beware of this government which has always been jealous of cryptocurrencies.

Sources: Horizons; The Crypto Basic; NOW Payments

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Mikaia ANDRIAMAHAZOARIMANANA avatar

Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that it has something to do with it.

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