Japanese GMO Will Pay Employees’ Salaries in Bitcoin
Giant Japanese company GMO Internet Group will be able to pay the salaries of more than 4700 employees with Bitcoin, thanks to a new payroll system it has developed.
GMO Group, a leader in the internet space, stated in the statement that employees can receive their salaries in Bitcoin. It will start in February for employees who want to apply. In Monday’s announcement, the Bitcoin salary option was first released only by GMO Internet Co.. Ltd.. According to the company’s website, GMO Internet has had more than 4710 employees as of September.
On its website is the 42 subsidiary of the GMO Group. Organization also available. The most notable of these can be listed as follows: GMO Coins, the crypto currency issued by the company in its own name.. GMO Click, one of the largest forex (currency) platforms in the world, is the forex trading service provided by the company.
At the same time, the details of the Bitcoin salary system were also shared in the statement made by the company:
“GMO Internet Group, with its decision, has developed a system that allows salaries to be paid in Bitcoin.. The purpose of this is to get internal employees to adopt cryptocurrencies.”
The minimum Bitcoin payment the system will give at the beginning is 10,000 Yen (88) $), the highest being 100,000 Yen (881$). Salary paid in Bitcoin will be deducted in Yen when paying the original salary. The deducted Yen amount will be calculated using Bitcoin values on the GMO Coin exchange.. According to a statement by local news agency Nikkei, employees who create an account on the GMO Coin exchange “will also receive Bitcoin payment on the same day their salary is paid.”
GMO Started Insider Promoting Cryptocurrencies
GMO, which released its own cryptocurrency in May, announced that it would enter the mining industry in September as well.. The company is prepared to spend an insane amount of 10 billion Yen ($88.1 million) to create mining farms in the coming years.. At the end of the project, the ASIC, which uses a processor architecture of 7nm, 5nm and 3.5nm, also made for detailed exploration of the technology, even mining It is aimed to design ‘s. In October, the company also announced that it will sell 7nm mining equipment in the future.
In a statement made on Monday, it was stated that mining operations will officially begin in January 2018.
“GMO Internet Group will contribute to the awareness of crypto money in the world by starting to use it within the company. It is imperative that our employees start using cryptocurrencies actively to strengthen the views on virtual currencies.. In this way, the crypto money culture within the company will increase.”
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