Published on February 3, 2014
Tech Pros Welcome Bitcoin Payments By Bitvestment Partners January 30, 2014 A new study reveals that U.S. technology professionals would be happy to be paid in Bitcoins. The survey was conducted by Tech in Motion, an event organizer that brings local tech communities together. Tech in Motion sent the questionnaire to its 18,000 members and received 847 responses. Of those who responded, 51.12% chose “yes, absolutely” to the question “Would you be interested in being paid for your work in cryptocurrencies like Bitcoin?” 18.06% chose the option “Maybe, let’s see where Bitcoin is in a year or two.” The remaining participants said that they would prefer to be paid in traditional currency. Of those who chose not to embrace Bitcoin, 9.92% stated it was because they “do not think Bitcoin will last,” and 1.18% stated they did not know what Bitcoin was. These results indicate a greater acceptance of the currency and a bright future for the use of Bitcoin in the United States. It is encouraging that Tech in Motion’s survey showed that over half of the participants were eager to start using cryptocurrencies. This may convince U.S. payroll processors to offer crypto-‐currency options to clients’ employees. Bit pay is in the early stages of beginning to develop such a service in the United States. Canada has already embraced bitcoin options. Wagepoint, a payroll management firm, has teamed up with Canadian virtual exchange VirtEx to incorporate bitcoin options. Payroll seems the best way to integrate Bitcoin technology into our system. By expanding Bitcoin wage payments, employees will easily acquire and begin to use and spend crypto-‐currency like U.S. dollars. Tech in Motion’s survey results demonstrate that the IT community is ready to move forward with crypto-‐currency integration. Their membership covers a wide cross section of the tech industry, including hardware and mobile product developers, software developers, open-‐ source developers, and IT infrastructure producers. Tech in Motion also conducted rough polling in the cities where their members are located and found that the results were similar to their overall survey. All signs
suggest that crypto-‐currency is on its way in the U.S. with an endorsement from IT professionals. Bitvestment Partners is dedicated to investments in the Bitcoin and crypto-‐currency ecosystem. The company has deep expertise in cryptography, peer-‐to-‐peer networks, and e-‐ commerce, and is involved in Bitcoin mining, Bitcoin-‐related e-‐commerce, and innovative uses of blockchain-‐based algorithms. Bitvestment Partners applies a deep bench of in-‐house expertise to evaluate Bitcoin-‐business and related investment opportunities. They see Bitcoin as having a tremendous potential to revolutionize payments in emerging markets as well as empower unbanked individuals to have greater control over their personal finances.
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