Crypto Payroll: Pros, Cons, and Why Stablecoins are Gaining Popularity
Crypto payroll. Sounds fancy, right? But like most things in life, it comes with its double-edged sword. On one hand, you have the allure of low transaction fees and speedy cross-border payments. On the other, you have the volatility of Bitcoin. Let’s break it down.
Risks of Relying on Bitcoin for Payroll
The risks are pretty clear-cut when you think about it. First off, we’ve got market volatility. Bitcoin is as stable as a house of cards in a wind tunnel. One day you’re receiving a sweet paycheck, the next day, it’s worth about as much as a used napkin. Not fun for anyone involved.
Then there’s the regulatory hurdles. Not all countries are warm and fuzzy about Bitcoin. One wrong move, and your startup could be in hot water….
