San Diego Employees Paid In Bitcoin ‘Never See a Paycheck’

San Diego based cryptocurrency wallet provider AirBitz was featured on ABC’s 10 News as the local news network reported on companies in the city accepting and paying workers with bitcoin and how the workers “never see a paycheck.”

AirBitz launched in 2014 with founder Paul Puey creating a secure and simple wallet service with an added business directory. Airbitz had started its directory with 3,200 listings and Puey’s team believes the currency is the future.

All ten Airbitz employees are paid in bitcoin, and Puey says “no one receives a paycheck.” Puey tells the news team how the digital currency can be easily converted to dollars with a fee or people can purchase gift cards with them. However, the wallet founder feels conversion will no longer be necessary in the future as bitcoins will someday be traded directly for commodities.

Puey tells 10 News:

“It’ll be bitcoin to eggs and bitcoin to chickens and bitcoin to whatever commodity you wish to purchase.”

Bitcoin is growing in the city with a handful of businesses accepting the currency now. AirBitz’s own directory shows 25 merchants in the surrounding area. One of these companies who accepts Bitcoin is Read more ... source: Cointelegraph