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German Tech Magazine Trials Employee Payroll with Bitcoin

Last Updated March 4, 2021 4:47 PM
Samburaj Das
Last Updated March 4, 2021 4:47 PM

T3n, a German tech magazine has revealed that it will allow its employees to gain a portion of their salary in bitcoin.

German tech publication t3n, an outlet that publishes technology news in both print and online media has revealed that it has been conducting a trial since November 2015 which sees its employees receive €20 worth of bitcoin, with every paycheck.

The bitcoin payroll trial is due to a partnership between t3n  and PEY, a Hannover, Germany-based bitcoin startup.

In a blog post by the tech publication, it revealed that adopting bitcoin as a form of salary payment will help its employees better understand the innovation. An excerpt read:

One motivation to implement the new form of salary payment [with Bitcoin], of course, is our editorial interest related to new technologies and their adoption by users.

“With completely new possibilities, services and startups [that are formed] with Bitcoin,” t3n further added that it wanted to understand and cover the development of the cryptocurrency beyond an “observer’s role” by getting involved with bitcoin themselves.

Notably, t3n claims that it is the first employer in all of Germany to start offering payroll, even partially, with bitcoin. The PEY bitcoin payroll service currently exists in the German market alone.

 Featured image from Shutterstock.