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Reason
Reason
Mike Riggs

Getting Paid in Bitcoin

During the last year, several professional athletes and two big-city mayors announced that they would take a portion of their salaries in bitcoin. If you get paid via direct deposit and are bullish on bitcoin, you too can turn your salary into satoshis. (There are 100 million satoshis in a single bitcoin.)

For most of us, getting paid in bitcoin doesn't mean our salary is denominated in bitcoin. Rather, it means your employer directly deposits part of your fiat-denominated paycheck into a bank account connected to a crypto exchange, which then uses the money to purchase bitcoin and deposits that amount into your crypto wallet.

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