20% of Workers in France Favor Payments in Digital Currency
The adoption of cryptocurrencies has witnessed significant growth over time. According to Consensys, a notable percentage of the global population, approximately 92%, is familiar with cryptocurrencies.
People have made considerable progress in understanding and appreciating this asset class. Additionally, there has been a gradual increase in the number of workers worldwide willing to receive cryptocurrency payments.
Recently, Payfit, a French payroll software provider, conducted a survey and discovered that a significant proportion of the French population supports the idea of receiving their salaries in cryptocurrency. Cointribune, a French media outlet, reported that approximately 20% of French individuals would be open to receiving all or part of their salaries in cryptocurrencies.
This finding reflects the growing curiosity and acceptance of digital assets among workers, particularly among individuals aged 18 to 35. About 31% of respondents in this age group expressed enthusiasm about the prospect of receiving a portion of their earnings in blockchain-based assets.
However, there are also skeptics and individuals who are hesitant to embrace this idea. Concerns about inflation have led some upper class members to oppose receiving wages in cryptocurrencies. The report highlights that employees working in large companies, particularly those with over 500 employees and individuals categorized as CSP+ (higher socio-professional categories), are the most resistant to this concept.
Can cryptocurrencies become the future of money? Amaury Lelong, the CEO of Payfit, addressed this question in a recent interview, stating, “The world of work is undergoing unprecedented change linked to technological, societal, and environmental developments. Since the arrival of the Millennial generation in the job market, followed by the digital natives, we have observed a profound and gradual transformation in the perception of work and its place in life.”
READ MORE: Bitcoin Freedom vs. Central Bank Control: Kennedy Jr.’s Bold Stand
Currently, workers have limited incentives to accept cryptocurrency as their earnings in most parts of the world. Volatility and regulatory concerns have hindered the widespread acceptance of digital assets as a mode of payment. However, this represents only one side of the story, and the situation could change over time. Transactions conducted through blockchain technology offer several advantages, including speed, low costs, and enhanced security.
Furthermore, another Consensys survey found that many believe cryptocurrencies hold the key to the future of money. Respondents viewed cryptocurrencies as an alternative to the traditional financial system and as a means to revolutionize digital ownership.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
