They say money makes money but when this Japan firm pays part of salaries in Bitcoin, that statement is all the more true.
GMO Internet is taking a step in the virtual currency direction. The Japan firm pays part of salaries in bitcoin with the aim to gain a better understanding of cryptocurrencies.
The offer is open to about 4,000 employees in the GMO group in Japan. It will start paying up to 100,000 yen (about S$1,200) monthly in Bitcoin to its employees who opt-in from February 2018.
"Employees can receive salaries by Bitcoin if they want to," GMO spokeswoman, Harumi Ishii said.
"We hope to improve our own literacy of virtual currency by actually using it," she adds.
Last year in May, the company started a Bitcoin trading and exchange business.
This month, it will join the Bitcoin mining business.
Bitcoin prices have soared from less than S$1,000 in January 2017 to over S$17,800 this month.
Though this is a futuristic move for GMO, they are not the first to do so.
Structur3D Printing, a tech company in Kitchener, Ontario has been paying 10% of its co-founder his salary by Bitcoin since 2014.
Companies who pay their employees salaries with Bitcoin can use services such as Bitwage or Wagepoint.
Want to know how getting paid in cryptocurrencies could possibly be a better option? These articles will shed some light: