Privacy, flexibility and variety are three reasons why Get Paid in Bitcoin founder Adam Poulton wants to see more people sign up to have their wages paid in bitcoin.
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The digital currency was first created in 2008, and, Mr Poulton said, is here to stay.
Designed to be a peer-to-peer online payment system, bitcoin can have lower transfer fees than traditional payment options, and is also more private, with payments not linked to names or addresses.
Mr Poulton said Get Paid in Bitcoin (GPIB) offers to convert all or part of individuals’ salaries into the international bitcoin currency.
He said he encourages people new to digital currency to convert a small amount, such as $5, each week, so they get used to the different requirements of bitcoin versus cash or card.
“We can do it without your boss even knowing – a lot of our customers have done it that way,” he said.
“They’ve registered with us, got a form that says I want my wages converted, and that money comes through us and gets exchanged in bitcoin.”
The Launceston-based company has partnered with Melbourne-based company Blockchain Global to pay all of their employees exclusively in bitcoin.
Mr Poulton wants to see more merchants sign up to accept bitcoin payments, for goods and services including food and drink, graphic design or consultancy services, subscriptions and more.
“One of the aims of this business is to make bitcoin boring,” he said.
“Everyone thinks bitcoin is complicated and … it’s not really, it’s just different.”
