A new report from global hiring and payroll company Deel shows that the number of everyday people who receive their salaries in crypto has increased globally. The State of Hiring Report 2021 also reveals a 10 percent month-over-month increase in people wanting to be paid in crypto.
Data was pulled from over 100,000 employment contracts in over 150 countries. The top regions of employees taking a portion of their pay in crypto were Latin America (LATAM), and Europe, the Middle East and Africa (EMEA). LATAM was by far the highest, showing 52 percent of all employees took at least a part of their salaries in crypto.
Bitcoin (BTC) is the preferred choice of payment for crypto salaries, while the study showed 63 percent are paid in BTC, with ETH and USDC each accounting for 7 percent of payments.
Australia Saw a 23% Rise in Salaries
Asia-Pacific Countries (APAC) in the report showed Australia had the biggest gain in crypto salaries, with an increase of 23 percent. India’s were up 10 percent, while the Philippines’ increased by 6 percent.
According to new research by Finder.com.au, a quarter of all Australians would be happy to have a portion of their salary paid in Bitcoin. The “national survey” had only 1,000 respondents, yet it revealed that 24 percent of respondents wanted to be paid at least partially in Bitcoin. Getting paid a crypto salary is certainly an attractive option, as many Aussies already invest a portion of their earnings into digital assets.
With more Australians looking for inflation hedges, yield-bearing assets and alternative investment opportunities, it’s not surprising that this many people are willing to be paid part of their salary in Bitcoin.
Taylor Blackburn, personal finance specialist, Finder.com.au
Mass Adoption of Crypto is Imminent
In November 2021, Crypto News Australia reported that in the crypto-friendly state of Florida, Miami’s mayor had become the first politician to take his entire salary in Bitcoin. UFC heavyweight champ Francis ‘The Predator’ Ngannou also announced in January that he would take half his purse in Bitcoin when defending his title.
Getting paid in crypto could be the norm within a few years, experts say. More and more individuals, businesses, institutions and even nations are entering the cryptocurrency space every day. Global mass adoption is imminent.
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