Altcoin News: Kraken Exchange Employees Received Salaries Bitcoins

May 24, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Cryptocurrency exchange Kraken revealed that last month its employees were paid 250 Bitcoins.

The exchange made a corresponding comment to the comment of Peter Schiff, a well-known financial expert who asserts that people will not agree to receive a salary in cryptocurrency.

“By the way, the employee who took 100% bitcoin in 2012 retired in 2013.” the exchange added.

Supposedly, there are 800 people working for in Kraken. Thus, about a third of them receive a cryptocurrency salary. The US labor law, however, requires that payments to employees be made at least partially by fiat money or checks, so the mechanism for implementing the labor compensation system without additional company comments in this particular case is not obvious.

This week, Kraken announced the start of a public offering of its shares in cooperation with the Bank To The Future platform.

Author: Marko Vidrih