Pizza chain pays employees in Bitcoin

According to an announcement by Immensus Holding, the owner of a chain of 16 Domino’s Pizza-branded pizza shops in the Netherlands, the company will allow employees to choose to receive wages in euros or in Bitcoin if it meets the minimum wage in the country.

BTC Direct will be the company that handles transactions with any partner with more than 1,000 employees who wish to pay salaries in crypto.

“ We are a modern company with a lot of young people. We listened to our employees talk about Bitcoin and wanted to give them the opportunity to own their own virtual currency, ” said company co-owner Jonathan Gurevich.

Dutch law requires employers to pay a minimum wage in euros based on the age and number of hours worked.

Immensus Holding’s announcement came on the 11th anniversary of the first two pizzas purchased with 10,000 Bitcoins at Papa John’s Pizza on May 22, 2010, later known as Bitcoin Pizza Day. .

Domino’s is the largest pizza chain in the Netherlands.

American cryptocurrency exchange Coinbase has also paid employees in Bitcoin since its inception in 2012. As a result, some veteran employees have become dollar millionaires when Bitcoin skyrocketed earlier this year.

Bitcoin’s galloping rally has also created funny stories like a company claiming back virtual currency paid to employees because the price increased 7 times.

In January, Tesla CEO Elon Musk joked that he wanted to be paid in Bitcoin. His electric car company actually bought $1.5 billion worth of Bitcoin and speculated on profits with Elon Musk’s market-manipulating tweets.

After a long time, the Bitcoin craze has finally leveled off. This digital currency has been showing signs of decline in the past two weeks due to negative news from Tesla and China.

As of the morning of May 24, Bitcoin currently only retains its value around the $35,000 price range with a market capitalization of $1.4 trillion compared to the time of peaking at $64,000 with a market capitalization of $2.5 trillion in mid-April. .

According to CoinTelegraph