On 12th December, Japanese internet giant GMO disclosed that it will soon permit staff to receive their salary in bitcoins.
The bitcoin payroll system will permit the company’s set-up of more than 4,000 employees to accept part of their salary in bitcoin in a move aimed to encourage the expansion and implementation of the crypto-currency,
GMO strategizes to roll out the Bitcoin Payroll System starting from February 2018 for its March payroll, with an ongoing development across the entire group expected to pursue.
The company stated:
“THE GMO INTERNET GROUP WILL CONTRIBUTE TO THE EXPANSION OF DIGITAL CURRENCIES IN THE GLOBE BY PROMOTING EFFORTS INTERRELATED TO VIRTUAL CURRENCY THROUGHOUT THE GROUP.”
In October GMO declared strategy for an initial coin offering (ICO),by saying that its new token would be utilized as a part of payment method for an upcoming chain of products.
According to the most recent announcement, the promising method will utilize the token, named “GMO coin,” to permit staff to buy bitcoin as part of the proposal.
According to the firm Workers will have a minimum limit of 10,000 yen (around $88) and a maximum limit of 100,000 yen ($882) for the Bitcoin segment of their monthly wages, and will also receive a bonus of 10% of the preferred amount as a “incentive,”.
In May 2017 Tokyo-based GMO first entered the crypto-currency space with the beginning of an exchange. The company, which proposes web hosting and a series of other digital services, also declared about the launch of a new crypto-currency mining operation in September, which is set to begin in the first half of 2018.
Source: http://www.unkrypted.com/gmo-to-roll-out-bitcoin-payroll-system/
Ricky Makan is a venture capitalist and Crypto Enthusiast best known for pioneering the market for Digital Marketing. He is a Co-founder of Unkrypted, a platform which provides the latest news and information that helps understand everything about the ever-evolving world of digital currencies. He is been fascinated by Blockchain technology since the first time he heard about it in 2013