Is cryptocurrency in payroll’s future?

Technological advancements could see option go mainstream
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 11/09/2017
Bitcoin was the first cryptocurrency, appearing in 2009, and while there are now hundreds of others, it is still the best known. Credit: GeniusKp/Shutterstock

Would you like your pay in dollars or in a cryptocurrency like bitcoin?

While most employers today are not asking their employees that question, it could be commonplace one day. As the world increasingly moves online, some think cryptocurrencies could eventually become a mainstream way to pay employees.

At Shakepay, that is already happening. The Montreal-based company, which offers a Visa debit card enabling cardholders to load and spend bitcoin, gives its employees the option to receive a percentage of their salary in the cryptocurrency of their choice.