Japan's GMO Internet Group Will Pay Thousands of Workers in Bitcoin

FinTech Collective

December 15, 2017

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FinTech Collective

Japanese internet service provider GMO is introducing a system for 4,700+ employees to receive a part of their salary in Bitcoin, a move to accelerate adoption of Bitcoin in Japan and worldwide. Just another sign of the changing times...

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The minimum bitcoin payment will initially be 10,000 yen (~$88) and the upper limit will be 100,000 yen (~$881). Each salary payment in yen will be reduced by the amount of bitcoin paid, using the exchange rate at the GMO Coin exchange. GMO Internet Group wants to contribute to the development of cryptocurrencies in the world by promoting cryptocurrency-related initiatives throughout the group. In particular, GMO wants to promote ownership of bitcoin among its employees — who can be the best evangelists for the group’s products and services related to the digital currency — to improve the employees’ exposure to and understanding of Bitcoin.

https://bitcoinmagazine.com/articles/japans-gmo-internet-group-will-pay-thousands-workers-bitcoin/