Over time, the adoption of cryptocurrencies has experienced significant growth. Consensys, a prominent organization, recently highlighted that 92% of the global population is aware of cryptocurrencies, indicating a widespread familiarity with this digital asset class. People have made considerable progress in understanding and appreciating the value of cryptocurrencies. Furthermore, there has been a gradual increase in the global trend of workers accepting crypto payments.
According to a survey conducted by Payfit, a payroll software provider in France, a noteworthy proportion of the French population expressed their preference for receiving their salaries in cryptocurrency. Cointribune, a French media outlet, reported the findings, emphasizing the significance of this trend.
To a considerable extent, the findings reflect the increasing curiosity and gradual acceptance of digital assets among workers. Specifically, individuals in the 18-35 age range demonstrated the highest level of interest. Approximately 31% of this group expressed enthusiasm for the idea of receiving a portion of their salary in blockchain-based assets.
However, there is another perspective to consider. Some individuals remain skeptical and hesitant about embracing this approach. Particularly, those belonging to the upper-class category have expressed opposition to receiving wages in cryptocurrency, possibly due to concerns about inflation. The report further highlighted that the most resistant groups are active employees in large companies (83% among those working in organizations with 500 or more employees) and individuals categorized as CSP+ (79%).
Crypto’s Promising Horizon: Could It Shape the Future of Money?
During a recent interview, Amaury Lelong, the CEO of Payfit, expressed his views on the changing nature of work and its relationship to technology, society, and the environment. Lelong acknowledged that the labor market has experienced significant transformation, particularly with the entry of the Millennial generation and digital natives. This has gradually altered the perception of work and its role in people’s lives.
Currently, there is limited motivation for workers to accept their earnings in cryptocurrencies. In many parts of the world, digital assets are not widely accepted as a form of payment due to concerns related to volatility and regulations. However, this represents only one side of the situation, and the trend could evolve over time. Transactions conducted through blockchains offer numerous advantages, including speed, low costs, and enhanced security, which may contribute to a shift in perspective.
Furthermore, a separate survey conducted by Consensys supports the notion that many individuals perceive crypto as the “future of money.” The respondents of this survey indicated that they view cryptocurrencies not only as an alternative to the conventional financial system but also as the future of digital ownership. This finding highlights the growing belief among people that crypto has the potential to revolutionize the way we perceive and interact with money and assets in the digital age.