New Poll Shows Top Regions Where Workers Are Taking Crypto Salaries

Leaving aside high-profile athletes and politicians who take salaries in crypto, a study shows that the number of ordinary people taking part of their salaries in crypto has increased worldwide.

Tracking trends that occurred in 2021, the global recruitment agency published Part a report that recorded a 10% monthly increase since November 2020 in people seeking to be paid in crypto.

The data, from more than 100,000 contracts in more than 150 countries, shows that Latin America (LATAM) and Europe, the Middle East and Africa (EMEA) top the regions where employees receive a share of their wages. take crypto.

The report finds that of the workers who received at least a portion of their salary in crypto, 52% were from the LATAM region, 34% from EMEA, 7% from North America and 7% from Asia Pacific.

Moreover, the study shows that Bitcoin (BTC) is still the preferred crypto with 63% of crypto salaries made with the coin. While BTC remains dominant, altcoins are also slowly gaining traction. Ether (ETH) and USD Coin (USDC) are in second place with 7% each of crypto salaries. Solana (SOL) and Dash (DASH) followed, up 2% each.

Meanwhile, as more people start taking crypto salaries, some have expressed concerns about the volatility of the crypto markets affecting value. In a discussion about crypto salaries, Twitter user Joey Jackson wrote:

Related: Crypto Salaries Are Becoming a Popular Way to Attract Young Talent

In addition to being used as paychecks, crypto payments are also accepted by small businesses (SMEs) around the world. A study published in January found that 24% of SMEs plan to accept payments in crypto. According to the respondents, this is essential for the growth of their company.

Major companies within the payments industry also recognize that crypto is the future of payments. In an earlier interview with Coin-Crypto, Petr Kozyakov, CEO and co-founder of Mercuryo, said, “75% of all major companies believe that cryptocurrency will eventually be integrated into any form of financial services.”

Leave a Comment