The cryptocurrency will be used to pay

The positioning of cryptocurrencies has always been a controversial issue. A few days ago, the US Congress and the European Union discussed the development of cryptocurrencies specifically. The cryptocurrency attributes, the deficiencies in cryptocurrencies, and how the government regulates cryptocurrencies are in line with national finances.

For the positioning of cryptocurrency, it is mainly divided into two aspects, the first is for payment, of course, this is in line with the cryptocurrency's own positioning. But people and the government are more inclined to the second, that is as an investment product. Because the price is unstable, Using it as currency will have a big risk.

However, recently there is news that "Samsung" and CopPay will cooperate, Samsung Electronics will first store in four cities in three countries: Estonia, Lithuania and Latvia. Samsung Electronics will accept multiple cryptocurrencies in specialty stores, including Bitcoin, ETH, XRP, LTC, Dash, NEM and Steem. Previously, Microsoft, KFC, Steam, etc. all supported the payment of cryptocurrencies such as Bitcoin. This will cause an unpredictable change in the ltc coin future value.

But paying with cryptocurrencies has to pay attention to the issue of value. Because the value is very unstable, the same amount of bitcoin will have different values in different time periods. Obviously, the price of Samsung's products is relatively constant, so it is necessary to use cryptocurrency. To pay, you need to consider this contradiction.

Not only is Samsung using cryptocurrency for payment products. The Costa Rican government recently announced that it allows companies in the country to use cryptocurrency as a means of paying wages. It is reported that certain provisions of the national legislation of Costa Rica allow companies to pay wages to employees using legal tender or commodities. Therefore, some legal experts believe that cryptocurrency can also become a means for companies to pay wages.

The country’s laws allow employers to use non-monetary goods to pay employees the portion of their wages that exceeds the minimum wage. In addition, the country’s legal provisions generally only recognize the physical assets of assets as a means of payment.

According to regulations, the minimum wage for paying in Bitcoin is 10,000 yen and the maximum limit is 100,000 yen. From the bitcoin spot price history, a bitcoin is enough to pay the wages of many workers. For the time being, these amounts are relatively low compared to the income of GMO Internet Group employees. To encourage employees to choose “bitcoin wages,” GMO will reward employees with up to 10% of their bonuses.

This news shows that cryptocurrency is not only an investment financial product, but also a function like currency.

Then? Will you accept the purchase of goods in cryptocurrency? Will you accept cryptocurrencies to pay for your salary? ?