Salaries Paid In BTC,LTC

Nascar driver Landon Cassill will receive full payments in cryptocurrencies from the sponsorship deal with crypto investing app Voyager.

This was possible because Cassill is a crypto believer for many years.

The payments will come majorly in Bitcoin and Litecoin, which he said he’ll hold a bigger portion of the pay.

Leading racing team, McLaren announced its Partnership with Tezos in attempting going into the NFT space, this shows the growing adoption of crypto in the sports field.

El Salvador’s Minister of Labor is in discussion with Social Welfare Rolando Castro considering Companies paying salaries in bitcoin.

The Ministry of Economy and the Ministry of Finance are also part of the talks.

El Salvador already is the first country to adopt the cryptocurrency as legal tender and also will accept tax contributions payments in bitcoin.

Goods and Services can be priced in bitcoin with dollars as a reference currency.

China makes major progress with its central bank digital currency (CBDC) tests by making blockchain-enabled salary payments using digital yuan in Xiong’an.

This is China’s first on-chain salary payouts using the digital yuan.

With the digital Yuan pilot, subcontractors were able to make payments directly to builders’ digital wallets from a public wallet, distributed via a blockchain-based payment platform.

Author: mBRzeVZxHo

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