German Tech Magazine t3n Trials Employee Bitcoin Payroll
German tech magazine t3n has announced it will allow employees to receive a portion of their salary in bitcoin.
Mar 22, 2016 at 10:37 p.m. UTC
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German tech magazine t3n has announced it will now allow employees to receive a portion of their salary in bitcoin.
t3n said it has been conducting a trial of the payroll service since November, with employees receiving €20 worth of bitcoin with each paycheck. From here, however, workers will be able to adjust this payment, depending on their risk tolerance.
In a blog post, the magazine said it sought to embark on the trial as a way to boost the wider bitcoin ecosystem and to learn more about the technology, writing:
t3n went on to say that it was keen to shed the "observer role" and get involved in exploring the potential applications for its business.
A notable value-add for t3n employees is that the company is offering bitcoin as a tax-free benefit due to the fact that the digital currency is not considered legal tender in Germany.
PEY’s bitcoin payroll service is currently only available in the German market, though the startup indicated it is seeking to roll it out to employers in more countries in the coming months.
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