Register for SMS Alerts
or enter your details manually below...
First Name:
Last Name:
Sorry, we couldn't find that email.
Existing users
Sorry, we couldn't find those details.
Enter Email
Sorry, we couldn't find that email.

Japan: company to pay employees in Bitcoin as of February 2018

GMO Internet will pay their employees up to 100,000 yen (€756) monthly in Bitcoin

15 December 2017, 8:25am
(Photo: CryptoNews)
(Photo: CryptoNews)
A Japanese company is set to begin paying part of their employees’ salaries in Bitcoin, as it aims to gain a better understanding of the crypto currency, according to a spokeswoman.

GMO Internet, which operates a range of web-related business, including online advertising, internet infrastructure and finance, will pay their employees up to 100,000 yen (€756) monthly in Bitcoin as of February of next year.

“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii said. “We hope to improve our own literacy of virtual currency by actually using it.”

The offer will be open to around 4,000 employees of the GMO group in Japan, she said.

The company started a Bitcoin trading and exchange business in May. And next month, it will join the so-called “Bitcoin mining” business – gaining the right to receive new Bitcoins as a reward for helping keep the network secure by approving transactions.

World Bitcoin prices have surged on a global scale this year, soaring from less than $1,000 in January to $17,000 this week.

Latest Business News
Business Comment 15-01
Markets roundup, new pickup truck for Ford and Fiat’s plans to increase profits by 2022 
Business Comment 12-01
European markets overview, BMW to set up in Russia and oil on the rise 
Technology 12-01
Facebook will prioritize 'meaningful social interactions' over 'relevant content' on its News Feed in the coming w...
Law Report 12-01
Although a claim listed in an application may be unclear, other premises mentioned in the same application may throw light on what is being ...
Business Comment 11-01
Investors taking profits, Ferrero buying Nestle & Kodak diving into blockchain