A study demonstrates that the number of ordinary individuals who take part of their salaries in crypto has climbed globally, aside from high-profile athletes and politicians.
Latin America (LATAM) and Europe, the Middle East, and Africa (EMEA) are at the top of the list of places where employees are taking a percentage of their compensation in crypto, according to the data, which was gathered from over 100,000 contracts in over 150 countries.
According to the survey, 52% of employees from LATAM, 34% from EMEA, 7% from North America. As well as 7% from Asia Pacific took at least a portion of their wages in crypto.
Furthermore, the report reveals that Bitcoin (BTC) remains the most popular cryptocurrency. With 63% of crypto salaries paid in the currency. While Bitcoin remains the most popular cryptocurrency, altcoins are gaining popularity. With 7% of crypto wages each, Ethereum (ETH) and USD Coin (USDC) tied for the second position. With 2% apiece, Solana (SOL) and Dash (DASH) came next.
Meanwhile, as more people begin to work for cryptocurrency salaries, others have expressed concerns about the cryptocurrency markets’ volatility hurting its worth. Joey Jackson, a Twitter user, stated in a thread about crypto salaries:
Salaries and payments in crypto are becoming viral
Crypto payments are becoming more popular among small businesses (SMBs) all around the world. In addition to being usable for salaries. According to a January poll, 24% of small businesses intend to accept cryptocurrency payments. This is critical, according to the respondents, for the expansion of their businesses.
Crypto also recognised as the future of payments by large businesses in the payments industry. “75% of all significant corporations believe cryptocurrencies will eventually be part of every type of financial services,” said Petr Kozyakov, CEO and co-founder of Mercuryo, in an interview.