The Israeli high-tech sector is currently undergoing a severe talent squeeze, with companies having to compete over employees with higher salaries, stock options and better perks. One such company might have found a new way to attract and retain tech-savvy staff in this environment: offer to pay salaries in bitcoin. Now it only remains to be seen if the country’s authorities will permit the plan.
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Spot.IM Wants to Pay Bitcoin Salaries
Spot.IM is not part of the cryptocurrency ecosystem but of the established Internet industry. It helps media websites manage their social engagement and comments sections, and among its clients it lists Time Magazine, NBC, Huffington Post, Engadget, Fox News and other big names. The company has raised a total of about $38 million since it was founded in 2012, and its latest round in November 2017 brought in $25 million in Series C funding from Russian billionaire Roman Abramovich and other venture capitalists.
Can They Make Banks Trust Bitcoin?
Ido Goldberg, Head of Spot.IM’s operations in the country, told Israeli newspaper Calcalist that: “As ones who deal with some of the most advanced technologies every day, we are great believers in the future of cryptographic currencies. Still, currencies are built on trust, and to create such trust companies, organizations and institutions will have to recognize cryptographic currencies as legitimate.”
Would you want to accept part of your salary in bitcoin? Share your thoughts in the comments section below.
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