Japanese web hosting company GMO Internet is offering to pay part of its employees’ salaries in bitcoin, in part to improve understanding of the cryptocurrency within company ranks, the Guardian reports.
GMO Internet launched a bitcoin exchange and trading business in May, and plans to begin mining the cryptocurrency in January. It is also planning an initial coin offering (ICO) for its own GMO coin, according to Futurism, redeemable for cryptocurrency, cryptocurrency mining gear, or shares in a cloud mining business.
See also: The Risks and Rewards of Accepting Bitcoin Payments for E-Commerce
Starting in February, GMO Internet employees will have the option of receiving 10,000 to 100,000 yen (roughly $88 to $890) of their salaries in bitcoin. The option will be available to some employees to start, and eventually roll out to the company’s workforce of more than 4,000 people.
Bitcoin’s volatility makes it risky to accept or offer payment in, as it has fluctuated between less than $1,000 and more than $18,000 during 2017. GMO Internet is offering a 10 percent bonus to employees who accept the offer of pay in Bitcoin, which could help make that volatility less intimidating for workers.
Acceptance of bitcoin by businesses is considered critical to the cryptocurrency’s long-term prospects, but unlikely, by some analysts.

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