The study shows that in addition to the well-known athletes and politicians who receive their salaries in cryptocurrency, the number of ordinary people who receive part of their salaries in cryptocurrency has increased all over the world.
In line with the trends that occurred in 2021, global recruitment firm Deel released a report indicating a 10% increase per month in the number of people wanting to get paid in cryptocurrency since November 2020.
Data from more than 100,000 nodes in more than 150 countries shows Latin America (LATAM) and Europe, the Middle East and Africa (EMEA) in the top regions where employees receive a portion of their salary in crypto.
The report shows that among employees who earned at least part of their salary in cryptocurrency, 52% were from Latin America and the Caribbean, 34% from EMEA, 7% from North America, and 7% from Asia and the Pacific Ocean.
In addition, the study shows that Bitcoin (BTC) remains the preferred cryptocurrency, with 63% of cryptocurrencies out of the coin. But while BTC is still dominant, altcoins are slowly gaining ground. Ether (ETH) and USD Coin (USDC) share the second position with 7% of the cryptocurrencies each. It was followed by Solana (SOL) and Dash (DASH), each with 2%.
Meanwhile, with more people starting to get paid with cryptocurrencies, there are some people who are concerned about price volatility in the cryptocurrency markets. On a thread about crypto salaries, Twitter user Joey Jackson wrote:
On the topic: Cryptocurrency salaries have become a popular way to attract young talents
In addition to being used as a paycheck, cryptocurrencies are also used by small businesses (SMEs) around the world. A study published in January showed that 24% of small and medium-sized businesses plan to accept payments in cryptocurrency. According to the participants, this is critical to the growth of their business.
Big companies in the payments sector are also realizing that cryptocurrency is the future of payments. In a previous interview with Cointelegraph, Mercuryo CEO and Co-founder Petr Kozyakov said: “75 percent of all large companies believe that cryptocurrency will eventually be integrated into all forms of financial services.”