El Salvador Workers Can Now Get Paid in Bitcoin Through Strike, Even as They Protest Against It

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(Edited)

Despite the fact that not all El Salvadorans have fully welcomed the president and government idea of adopting Bitcoin as legal tender, alongside the fiat currency USD, they have even shown have much they disagree with the Bitcoin adoption by protesting.

Now the government just announced a partnership with Strike, which has lunched a new feature "Pay Me in Bitcoin". Which allows users to be paid in Bitcoin, no matter the employer, they can convert or transfer part of their salaries or all of it into Bitcoin at no extra cost or transfer fee. And the Sweet part of this payment feature ("Pay Me in Bitcoin"), is that it has No Limit on how much you can covert to Bitcoin.

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I don't know how much El Salvadorans would welcome or aspect this idea at all, of being paid in Bitcoin, since they haven't even
fully agreed to pay for goods and services in Bitcoin, some claim that they don't understand the Bitcoin technology, but instead of them fight it, I think they should take out time and learn about crypto or government organization sensitization programs on Bitcoin. Because whether they like it or not, they're still going to get the payment option anyway.

I for one, I would not mind to be paid my salary in Bitcoin though, that aside, here is the tweet made by the CEO of Strike Jack Mallers:

"I just published Announcing Pay Me In Bitcoin.
If you save in USD, the quality of your life degrades with time.
If you save in Bitcoin, a high quality of life gets cheaper and increasingly attainable.
Today, everyone can get paid and save in Bitcoin."

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Twitter

According to a report, Strike attempts to make some of the growing pains manageable. It's a custodial wallet, so users new to the concept of private keys are at less risk of being locked out of their funds due to the most human of errors: forgetting their password.

Mallers writes that the feature is necessary as a means of savings. Mallers implies that accumulating Bitcoin, which has quadrupled in value in the last year, is a better approach than putting funds into a savings account that can't keep pace with inflation.

Coinbase last month lunched it's "Get Paid in Crypto" feature, which allows user convert their payment or salaries into Bitcoin, Ethereum, or any other cryptocurrency listed on the crypto exchange, but strike only allows users to convert to Bitcoin for now, maybe they would allow other cryptocurrency later in the future.

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Posted Using LeoFinance Beta



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8 comments
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It is indeed a sad thing for those who may not feel comfortable with Bitcoin as a payment method but it still revolves around their ability to manage the volatility of Bitcoin since their government are bent on enforcing the law on the citizens.

But I do believe that things will be different in coming years , those ones who are complaining of this will surely benefit from this decision in coming years. Countries are watching closely to see the impact of this adoption on the economy of El Salvador before they can take their own decision.

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Yes they will totally benefit from it later in the future, if they take the decision, but they should also still learn more about crypto, since the government is not backing down on it's support for Bitcoin and cryptocurrency.

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What I dislike about being paid in bitcoin is that if I were to use that for small payments like I normally due the fees would start to take a toll. Would be insane to see XRP, XLM or ALGO do this, I'd prefer if ALGO did it the most :)

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On the fee's charge, I agree with you just hope sooner than later the would add other crypto options with lesser fees to withdraw.

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Ahhhhh.... If I'm being paid in bitcoin ehn... Nigeria will not hear word... 😂

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😂😂😂😂😂😂😂 you will print the town rainbow 🌈.

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As in ehn... Lol

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(Edited)

If it was possible in our country, I would be so happy 😊.

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