Press Releases

Crypto Enthusiasts Disappointed By Lack of Employers Willing to Pay in Bitcoin

Published

5 years ago

September 13, 2018

SYDNEY, 12 September 2018. – The majority of employees would be willing to receive part or all of their wages in bitcoin or other cryptocurrencies, according to ChronoBank’s survey. However, businesses typically lag in their attitudes – despite the fact that the poll highlights the advantages such a move would offer both employers and their workers.

In July 2018, HR blockchain startup ChronoBank surveyed 445 cryptocurrency enthusiasts from all over the world including the US, Australia, and Russia to learn more about this emerging financial landscape. Results of the survey revealed that 92 percent of the respondents were male, and 40 percent were aged between 25 and 34 and 75 percent are currently employed.

Survey Findings

66 percent of respondents are willing to receive wages in cryptocurrencies;
Only 30 percent believe that companies in their country will change to paying salaries in digital assets;
83 percent are willing to receive their bonus payments in cryptocurrencies;
Only 52 percent are ready to pay taxes on their digital revenues;
57 percent of respondents are confident that payments in crypto will positively affect the economic growth of countries.

Payments in crypto

Despite the active development of the cryptocurrency and blockchain economy in 2016-18, employers are not taking advantage of these new technologies. 72 percent of respondents stated that employers never offered them to switch salary to payments in cryptocurrencies. However, 66 percent of those surveyed expected that their employers should embrace technological change and that they would be willing to receive wages in cryptocurrencies. However, an incredible 83 percent of respondents were more than happy to receive their bonus payments in cryptocurrencies.

Sergei Sergienko, CEO of Chronobank, said: “Most revealing was that 72 percent of those surveyed said they would prefer an employer who has the salary payment option in the cryptocurrency when choosing their next place of employment. These results suggest that employers need to get up to speed with crypto sooner rather than later.”

Access to quick and convenient money transfers appear to be the main advantages in paying salaries in cryptocurrencies. But this answer changed depending on the nationality of users. For example, 37.5 percent respondents in Australia think that the most significant benefit of getting paid in crypto is tax avoidance. However, the majority of respondents still believe in the growth of the value of digital assets in the future.

50 percent believe that receiving a salary in cryptocurrency would help them spend less and only 19 percent would use it to make transactions. Why? Because if they left their crypto in their wallets, there is still an expectation that the value would increase. For younger people in the 18-24 bracket, the number of holders is even higher at 60 percent.

Users are aware of the potential risks that surround cryptocurrencies, but almost half of the respondents (49 percent) are much more concerned about the price volatility of digital assets. Younger people in particular (18-24) are more concerned about being the victim of an attack by a hacker (34 percent) than price volatility (44 percent).

Conversion of cryptocurrency into fiat at receiving salary would only be carried out by every fifth respondent. At the same time, only half of those polled are ready to pay taxes on their digital revenues, and about 25 percent have not yet decided. Although 65 percent of those surveyed in the US was prepared to pay taxes, in other countries such as Russia, only 30 percent are ready. But it’s important to highlight that overall, 62.5 percent of younger people are much more willing to pay taxes on crypto globally.

Future Perspectives

Sergei Sergienko said: “Even though there are ongoing changes in the legislation of different countries in the field of cryptocurrency, audiences are still not adequately informed about the innovations. Almost half of the respondents do not have enough information on whether salary payments in cryptocurrencies in their countries are allowed.”

Only 33 percent stated that they know that the relevant transactions are permitted in their country. In the USA – 43,5 percent know it’s allowed. Meanwhile, in Russia, the most common answer that it is not allowed (48 percent) and Russians understand about that.

Despite the readiness of the respondents to receive funds in the cryptocurrency, most of them doubt that the companies will switch to salary payments in the cryptocurrency. Only 30 percent of respondents believe that companies in their country will change to paying salaries in digital assets. Surprisingly, in the USA it’s even lower, but in Australia, people are more optimistic.

With respect to the regions that will lead to the payment of salaries in cryptocurrencies, Japan (32 percent) is leading the way. The US (15 percent) and South Korea (15 percent) are next in line, but US respondents believe more in South Korea (25 percent) than in Japan (only 13 percent). In Russia, 47 percent believe that Japan is the complete leader in the industry.

57 percent of respondents are confident that such initiatives will positively affect the economic growth of countries. By contrast, US respondents (47 percent) are a bit more skeptical than average.

In the field of HR, the majority of respondents are confident that the blockchain will be used as a secure system for payments. About 23 percent also believe that the blockchain will not be limited to this sphere and will allow employers to verify the data of employees using this technology.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Press Releases

ND Labs Launches Crypto Exchange Software Development

Published

5 months ago

January 20, 2023

Guest Contributor

ND Labs, an international blockchain consulting and development company with offices in Poland and the United States, has recently announced the launch of crypto exchange development services.

ND Labs understands that cryptocurrencies are gaining even more popularity and predict their mass adoption in the future. Thus, the company offers full-cycle development services to IT businesses and non-IT enterprises from various industries, including retail, construction, oil & gas, etc.

Dmitry Khanevich, co-founder and CEO of ND Labs, commented on the news:

“Launching a crypto exchange is a good business idea. First, there is a growing demand for such platforms as digital currencies are becoming more widely used. Second, they can generate constant profit by charging fees for each transaction. Third, they are relatively easy to set up and maintain. Finally, they offer lots of flexibility, which makes them ideal for businesses of all sizes. If you lack the necessary skills or knowledge to build a crypto exchange, that’s where our blockchain expertise will be helpful.”

What is a crypto exchange?

A crypto exchange is a trading platform that allows users to buy and sell digital assets in a peer-to-peer manner, which means there is no third party involved. For instance, users can buy cryptocurrencies for fiat money and then trade them.

How to develop a crypto exchange platform?

- Choose the platform type. It can be a crypto trading app as well as a centralized, decentralized, or hybrid cryptocurrency exchange.
- Build key features. They include user authorization and verification, a trading engine, a crypto wallet, an intuitive user interface, and market and liquidity provider integration.
- Add nice-to-have and advanced features. They are manageable user profiles, portfolio tracking, push notifications, loyalty programs, a knowledge base, data analytics, NFT trading abilities, automated strategies, etc.
- Meet regulatory compliance. Depending on the jurisdiction you are going to work in, you will have to comply with GDPR, KYC, KYT, AML, and other requirements.

Develop a crypto exchange platform.

About ND Labs

ND Labs is an international company that offers blockchain consulting and development services. They build blockchain-powered solutions for businesses of all sizes from various industries, such as logistics, real estate, insurance, etc. The company’s team consists of experienced blockchain professionals who focus on strategic outcomes and help clients generate long-term profits.

Contact

For more details and updates, visit:

Website: www.ndlabs.dev
Facebook: www.facebook.com/ndlabs.dev
Instagram: www.instagram.com/ndlabs.dev/
LinkedIn: www.linkedin.com/company/ndlabs-dev/
Twitter: twitter.com/ndlabsdev

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post.

Press Releases

Get Lucky Tickets for World Cup Bets on 1xBit

Published

7 months ago

November 25, 2022

Guest Contributor

The long-awaited World Cup 2022 is here, bringing many opportunities to win big. Are you excited about seeing your favorite players on the pitch? Then the World Cup is an opportunity not just to do that but also to win big from your passion.

Participating in 1xBit’s Ticket Rush is all you need to have a fun World Cup experience. This tournament offers you the avenue to stay on top of the game, enjoying fascinating matches and securing impressive prizes.

1xBit 1xBit has created Ticket Rush with numerous fanciful prizes that could change your entire gambling experience. With multiple prize draws designed to select many winners, you have a chance at winning big. The prize pool is 3 BTC, with numerous winners per category.

To participate in the offer, you must log in or register on 1xBit. Proceed to the offer page, click “Take part,” and bet on World Cup 2022!

Participants collect tickets for bets on World Cup 2022 matches. There are three ticket categories:

Individual match tickets – for bets on any World Cup matches
Supporter tickets – for bets on the picked 8 countries during the group stage
Play-off tickets – for bets on play-off matches

For the Individual match tickets prizes, the 1st place winner will emerge with 500 mBTC. The first-place winner in the Supporters’ tickets prize draw goes home with 10 mBTC, while the first-place winner in the Play-off tickets prize draw will win 250 mBTC.

1xBit: Your Best Bet

Ticket Rush is one of the many tournaments designed by 1xBit to help players profit from their passion while enjoying the World Cup. With 1xBit, you can rest assured about sumptuous prizes that make your gambling experience worthwhile.

As the fastest and leading crypto sportsbook, 1xBit is passionate about rewarding players’ efforts in an exciting fashion. The platform provides its users with numerous benefits to maximize the crypto gambling space.

You can make bets on 1xBit using over 40 supported cryptocurrencies. This crypto adoption eliminates the need for fiat currency. It removes the stress of first converting your cryptocurrency to fiat before depositing it in a sportsbook to bet on your favorite games.

Instead, you can utilize these currencies directly, allowing you to maximize their value without losing any of it to conversion fees. Even more, 1xBit is constantly looking for relevant partnerships and new coins to add.

You also enjoy instant payouts with zero fees. This allows you to enjoy your winnings without adversely affecting the platform’s fee structure. 1xBit also provides educational blogs on crypto gambling to help you get started with the necessary tips to navigate the field. Whether a beginner or a veteran, 1xBit covers all you require.

Additionally, 1xBit offers users a Welcome Bonus of up to 7 BTC following their first 4 deposits – it gives you the required jumpstart to experience the platform and play your favorite games.

Final Thoughts

All roads lead to Qatar for the 2022 World Cup, and you don’t want to miss out on any match. With the Ticket Rush tournament, you can spice up your experience and win crypto!

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post.

Press Releases

Crypto Lists Announce Bitcoin Maximalist as Head of Content

Published

8 months ago

October 27, 2022

Guest Contributor

CryptoLists.com is delighted to announce the arrival of the new Head of Content, Tom White.

Tom is now a key member of the speedily growing crypto info site, with ambitions to take the content up a level and define and refine the tone of voice. A keen follower of crypto and Bitcoin, in particular on a personal level, he’s well acquainted with blockchain and DeFi technology and has been investing in digital assets for some time.

In other news, Crypto Lists are also pleased to announce an updated mission statement and a new slogan: Crypto Done Smarter.

As a native English speaker, Tom is well-positioned to take over the tone of voice and editorial oversight of the website, which was founded by two Scandinavians. Alongside this, Tom’s main focus will be to ensure that fresh and informative news articles are released even more frequently, and reviews of new coins and brokers are published swiftly.

Tom White – A Bitcoin Maximalist?

While open to the potential of various altcoins, as somewhat of a Bitcoin Maximalist, Tom sees Bitcoin as digital gold of the new economy. A keen chart-watcher, he’s excited about the next halving event in 2024 and seeing how high BTC can go during the next bull run. A bull run where he believes incredible new ATHs will be reached. A full review of Bitcoin with breaking news, FAQ, historical background, and the most recent updates can be found at https://www.cryptolists.com/coins/btc/.

Things Tom will oversee

During his first week at the company, Tom has covered subjects surrounding changes within the traditional banking sector in regard to crypto, as well as a multitude of other topics. Being such a big advocate of Bitcoin and its potentially revolutionary capabilities, a topic he found especially interesting is how to survive on Bitcoin. He recently published a piece about Arnhem, a Dutch town that some call the world’s only Bitcoin city. Alongside such specific topics, he will be making sure that the Crypto Lists brand voice is consistent across both the website and all externally facing written comms.

Upcoming events in Africa

Tom will also write articles and releases about recent and upcoming Bitcoin and crypto events. In the near term, one such event is the Ghana DeFi Summit 2022.

Crypto Lists – Crypto Done Smarter

Tom also brought his creative mind to the forefront when brainstorming the new brand mission alongside the wider team. Crypto Lists had been searching for a new slogan, that is both accurate, descriptive, as well as evergreen – taking into consideration the future developments and growth of the company. Along with the senior leadership, a general consensus was reached: Crypto Done Smarter.

Why smarter? Well, Crypto Lists is there to help people make more informed decisions. The entire ecosystem of the site revolves around educating people on the crypto space, and the coins, platforms, brokers, exchanges and at the same time doing reviews of blockchains that compose it. In a nutshell, Crypto Lists is a site where you learn to make smarter decisions in the crypto space.