A recent survey by French payroll software provider Payfit found that 20% of French workers would like to receive all or part of their salaries in cryptocurrency. The survey was reported by French media outlet Cointribune.
The survey polled 1,000 French workers and found that the most popular cryptocurrency for receiving salaries was Bitcoin (BTC), followed by Ethereum (ETH) and Tether (USDT). The survey also found that younger workers were more likely to express interest in receiving salaries in cryptocurrency than older workers.
The survey results suggest that there is growing interest in cryptocurrency among French workers. This interest could be driven by a number of factors, including the rise in the price of cryptocurrency in recent years, the increasing acceptance of cryptocurrency by businesses, and the perceived potential of cryptocurrency to offer a more secure and efficient way to pay salaries.
It remains to be seen whether employers will be willing to offer salaries in cryptocurrency. However, the survey results suggest that there is a demand for this type of payment among French workers. As the cryptocurrency market continues to grow, it is possible that we will see more employers offering salaries in cryptocurrency in the future.
The survey found that 20% of French respondents were in favor of receiving their salaries in cryptocurrency instead of fiat currency. The software firm’s CEO, Amaury Lelong, said he found it difficult to interpret the reason for this preference.
There are a number of possible reasons why French workers might prefer to be paid in cryptocurrency. Some people believe that cryptocurrency is a more secure and efficient way to store and transfer money. Others believe that cryptocurrency has the potential to appreciate in value over time, making it a more attractive investment than fiat currency. Additionally, some people may simply be interested in being part of the cryptocurrency revolution.
It is important to note that the survey only found that 20% of French respondents preferred to be paid in cryptocurrency. This means that the majority of French workers are still content to receive their salaries in fiat currency. However, the survey results do suggest that there is a growing interest in cryptocurrency among French workers, and it is possible that this trend will continue in the future.
As for Amaury Lelong’s difficulty in interpreting the results, it is possible that he was simply surprised by the level of interest in cryptocurrency among French workers. After all, cryptocurrency is still a relatively new and volatile asset class, and it is not yet clear how it will ultimately play out in the long term. However, the survey results do suggest that there is a significant demand for cryptocurrency among French workers, and this is something that businesses and governments will need to take into account in the year.
French Workers Want to Get Paid in Crypto?
The survey found that younger workers and men were more likely to express interest in receiving salaries in cryptocurrency.
Specifically, 31% of workers aged 18 to 35 said they were in favor of receiving their salaries in crypto, compared to 17% of workers aged 36 to 50 and 12% of workers aged 51 or older.
The survey also found that 23% of male respondents said they wanted crypto salaries, compared to 17% of female respondents.
The reasons for this difference in interest are not clear, but it is possible that younger workers are more familiar with cryptocurrency and are more likely to believe in its potential. It is also possible that men are more interested in taking risks and are more likely to be attracted to the volatility of cryptocurrency prices.
Regardless of the reasons, the survey results suggest that there is a growing interest in cryptocurrency among French workers, and this interest is particularly strong among younger workers and men. This trend is likely to continue as cryptocurrency becomes more mainstream and as more businesses begin to accept it as a form of payment.
The survey also found that workers in larger companies and those in the CSP+ demographic were less likely to express interest in receiving salaries in cryptocurrency.
Specifically, 80% of workers employed by companies with over 500 employees rejected the idea of receiving salaries in crypto, compared to 57% of workers employed by companies with fewer than 500 employees.
The CSP+ demographic is typically made up of business owners, doctors, lawyers, and company executives. The survey found that 79% of those in this demographic said they did not want to be paid in crypto, compared to 20% of the general population.
The reasons for this difference in interest are not clear, but it is possible that workers in larger companies are more risk-averse and are less willing to accept a volatile form of payment. It is also possible that workers in the CSP+ demographic are more concerned about the tax implications of receiving salaries in cryptocurrency.
Regardless of the reasons, the survey results suggest that there is a significant difference in interest in cryptocurrency salaries between different groups of workers. This is something that businesses and governments will need to take into account as cryptocurrency becomes more mainstream.
