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More Businesses Explore Paying Salaries in Cryptocurrency

More Businesses Explore Paying Salaries in Cryptocurrency - top government contractors - best government contracting event

More companies are offering to pay younger employees in cryptocurrency as part of efforts to attract talent, CNBC reported Monday.

One of those companies is independent ratings agency SharpRank, which taps influential college students or “campus captains” to help build up the startup’s user base by serving as brand ambassadors.

Chris Adams, founder and CEO of SharpRank, said more than 50 percent of its workforce receive some of their salaries in cryptocurrency.

Despite people’s interest in taking digital tokens as their pay, some are wary given the huge fluctuations in crypto’s value.

The Internal Revenue Service requires employees getting crypto as salaries to pay tax on income equal to the crypto’s market value when it is received.

POC - Digital Currency and National Security Forum

On Jan. 27, the Potomac Officers Club will bring together distinguished government and industry leaders to offer the GovCon community an insight into the national security aspect of digital currencies.

POC’s Digital Currency and National Security forum will feature National Cyber Director Chris Inglis and Juan Zarate, global co-managing partner and chief strategy officer at K2 Integrity, as keynote speakers.

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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