Strike Launches New Feature To Allow Users Convert Salaries To Bitcoin

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,248,914,828,802	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,248,914,828,802

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	197.01	0.31%	63,608.33	63,608.33	63,608.34

Price Change

Price Change %

Current Price

Bid Price

Offer

197.01

0.31%

63,608.33

63,608.34

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,333.33	63,327.79	63,472.78	63,411.32	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,333.33

63,327.79

63,472.78

63,411.32

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:33:19	0.000252	63,608.33	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:33:19

0.000252

63,608.33

USD

Price x Volume	Volume	Base Symbol	Related Pairs
198,659,878.94	3,116.24	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

198,659,878.94

3,116.24

Strike Launches New Feature To Allow Users Convert Salaries To Bitcoin

16/10/2021 12:00am

NEWSBTC

Payments processor Strike has announced the launch of a new feature that will allow users to convert their paychecks to bitcoin. This feature brings workers one step closer to collecting their paychecks in bitcoin. Instead of the employer paying out wages and salaries in BTC, employees can take the paychecks they receive and convert them to cryptocurrency in one easy step. Receiving Paychecks In Bitcoin Strike is enabling users to convert all or some of their paychecks into BTC. Instead of cashing into fiat and then having to change back to BTC, users can directly convert to BTC using the paycheck that they receive. The feature is known as “Pay Me in Bitcoin” was announced on Thursday and is one of Strike’s efforts to make BTC readily available to its users. Related Reading | Why We Could See The First Approved U.S. Bitcoin ETF In October Strike is best known for helping El Salvador in their journey to bitcoin adoption, but they are also a bitcoin-focused payments processor that allows users to receive and pay in BTC. And with the new feature, get paid in BTC with no hassles. Strike completely bypasses the need for employers to adopt and start paying their employees in cryptocurrencies. Instead giving employees the power to decide if they would rather convert their paychecks to fiat currency or cryptocurrencies. This also means that employees are not limited by the payments options their employers use. It doesn’t matter the company individuals work for, they can choose to have their paychecks deposited in bitcoin. BTC price trading above $61,300 | Source: BTCUSD on TradingView.com Following The Lead Of Coinbase Strike’s announcement of the “Pay Me in Bitcoin” feature comes only a few weeks after Coinbase launched a similar feature. In the announcement post, Coinbase shared that customers were now able to deposit their paychecks directly to cryptocurrencies to ease their trading activities and just like Strike, streamline the process of users converting their money to cryptocurrencies. The feature has been welcome in the crypto space as investors can now decide to deposit their full paycheck or a portion of it into their cryptocurrency tradings accounts. Customers could also choose to deposit their paychecks directly to U.S. dollars on Coinbase, which they can then use to carry out their trading activities on the platform. Related Reading | Bitcoin Breaks $60,000 Ahead Of SEC ETF Approvals Similar to Coinbase, Strike announced that the feature will initially be available to users in the United States. Roll-outs for other countries may be in the works but there has been no confirmation of these. Although users can only convert their paycheck to bitcoin on Strike, Coinbase offers users a wider variety as they can convert their paychecks to the over 100 cryptocurrencies currently listed on the exchange. Featured image from Inc. Magazine, chart from TradingView.com

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