DiutoCoinNews Markets
CRYPTOCURRENCY NEWS General News HOT NEWS

4.7 Million Australians Would Accept Bitcoin As Wage Payment Options

Share this:

A new survey has ascertained that one in four Australians would like to receive at least part of their salary in cryptocurrency. 

While the intentions differ between the members of the different denominations, the results indicate that the Australian nation’s across-the-board interest in decentralized digital money remains strong.

The comparison website Finder.com carried out this poll which was conducted among 1,000 Australians. The company is literally among the first in the country to offer its employees the option to take a portion of their income in cryptocurrency.

The company discovered that 24% of Australians, or approximately 4.7 million, are ready to accept bitcoin (BTC) as part of their income. Finder pointed out that of those who agreed to be paid In BTC, 14% said so because they are positive that the value of BTC would increase.

While a different 10% acknowledged that being paid in cryptocurrency would encourage them to save their money in digital assets before tax would be deducted.

The personal finance specialist at Finder, Taylor Blackburn commented on the result of the study that cryptocurrency has seen a remarkable improvement in the past year.

“Despite its recent drop and sometimes volatile nature, With more Australians looking for inflation hedges, yield-bearing assets, and alternative investment opportunities, it’s not surprising that many people are willing to be paid part of their salary in Bitcoin”

                      -Finance Specialist at Finder, Taylor Blackburn

According to the survey, Generation X (the younger generation) Australians are more likely than others to view a crypto salary as a wise investment. 22% of the respondents in this age group think BTC is going to appreciate even more over time, along with 19% of millennials. 

The researchers also discovered that men with higher incomes ($100,000 and above) are more interested in Bitcoin in general. 13% of men and 8% of female participants respectively think crypto wages will allow them to invest before taxation.

Furthermore, male respondents (21%) are far more likely to accept BTC payments than women (8%) because of their belief the cryptocurrency’s value will increase. Despite the positive trends registered in the study, over half of Australians (55%) are still not interested in crypto remuneration. 

An additional 13% fear bitcoin’s volatility which lowers their trust in the cryptocurrency. Finder also notes that 8% of the polled Aussies have stated they need to access all the money they make each payday.

Copyright DiutoCoinNews

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from  DiutoCoinNews.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *

Data Scientist, Tech Enthusiast and a Crypto Lover