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Irish Company Now Paying Employees’ Salaries in Bitcoin

• Coindesk.Com

UPDATE (7th April 13:40 GMT): GSM Solutions’ Managing Director Alan Donohoe has responded to our email, explaining that the employees who are receiving part of their pay in bitcoin work in the head office:

“We believed it best to start with our head office where we have five employees who work with bitcoin on a daily basis, so they understood the importance of this step in the evolution of bitcoin in Ireland.”

He adds that: “Paying our staff in bitcoin is another step in the direction of helping to extend the bitcoin ecosystem into our economy.”

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An Irish company has begun paying its employees’ salaries in bitcoin.

Dublin-based electronic repairs firm GSM Solutions, which hosts Ireland’s first bitcoin ATM, is now paying five of its employees partly in bitcoin instead of euros.

“We set salaries in euros, so that the euro amount they get each pay period does not fluctuate with the price of bitcoin,” said GSM Solutions’ Managing Director Alan Donohoe in a blogpost.

 

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