Software engineering solutions provider Sequoia Holdings now allows its employees to get a portion of their salary in Bitcoin, Bitcoin Cash, and Ethereum, according to its press release.
Sequoia CEO Richard Stroupe claims many of the company's employees are enthusiastic about cryptocurrencies:
"We're excited to offer the members of our team this new benefit. Many of our employees are enthusiastic supporters of cryptocurrency, and we're happy to help them gain exposure to this trillion-dollar asset class."
An unnamed third-party payments provider will be converting a portion of salaries into crypto while taking care of taxes.
Back in 2019, New Zealand became the very first country in the world to legalize Bitcoin salaries, but very few companies choose to pay their employees in the volatile cryptocurrency.
Denys Serhiichuk
Gamza Khanzadaev
Tomiwabold Olajide