Survey: 31% of employees would accept all, or a portion of their salary in crypto

01 Aug, 2018
by Will Heasman
News
Survey: 31% of employees would accept all, or a portion of their salary in crypto

A survey carried out by the business solutions company, Sage revealed that a surprising amount of people would willingly accept their salary in Bitcoin and other cryptocurrencies.

The Survey conducted upon 1000 people showed that 31% would be comfortable with cryptocurrency accounting for some or all of their salary.

Around 37%, would chose to have between 1-20% of their salary paid in crypto, 11% would be a little more daring and have 61-80% of their salary in crypto and a fairly sizable 15% would go all in and opt to receive all their pay solely in cryptocurrency.

Commissioner of the survey, Darren Francis commented on the outcome:

“It’s interesting that more people were leaning towards the ‘all-in’ option; having their sole or dominant income paid to them in cryptocurrency.”.

The Survey also found that millennial’s are (somewhat inspiritingly) more accepting of cryptocurrency as salary, with 33% of those aged between 25-34 interested in the idea. Contrastingly the older generations, aged 65 and over were among the most sceptical with only 7% interested in the prospect, a 2% increase over their (slightly) younger counterparts (aged 55-64).

In terms of gender, men outnumbered women 3 to 1 with women only 25% likely to opt for a crypto salary, versus 75% of men.

This somewhat contrasts the recent poll conducted by Wells Fargo/Gallup which revealed that 72% investors in the US have little to no interest in Bitcoin, further detailing that a mere 2% own the cryptocurrency. The poll also showed that those surveyed in the Wells Fargo/Gallup survey were very wary of cryptocurrency with 75% of them considering it “very risky”.

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