Midex, the cryptocurrency exchange with a long-standing outstanding reputation has conducted a research which has revealed that over 40% of people are already prepared to accept their salary in cryptocurrencies.
The study was designed for gaining a deeper understanding of how the public perceived cryptocurrencies, with over fifty different employees being selected from five renowned international organizations. While the number of participants isn’t significantly large, it does show that a good percentage of financial players have taken cryptocurrencies into consideration –opening up to the idea of a moneyless system.
Of course, not everyone shared the same opinion. While some believed that a crypto bubble is an unavoidable fact, others were increasingly worried about the legality of the crypto ecosystem. The current inability to establish clear regulations of the market does also not help in this respect, but we have high hopes that by May time we will have a clearer picture of how to approach the situation.
However, perhaps the most surprising part of the results was that 36% of those who participated seemed content with the idea of having part of their salary paid in cryptocurrency, while a smaller number (of solely 4%) were opened and prepared to have it all paid in virtual currencies.
It’s Already Happening
There are already multiple businesses across the globe offering this alternative to its employees. For example, GMO Internet announced at the end of 2017 that it would be putting on the table the option of receiving Bitcoin-denominated salaries. The beginning of this movement was designed to start March 2018, and since the company boasts over 4.000 employees, the news could be incredibly bullish for Bitcoin.
Going back to Midex, the crypto exchange seems to advertise that it has no “extant analogs in the world’. Not only that, but the platform is proud to boast a system which eliminates human errors –instead, using smart contrasts and neural networks. In other words, Midex has created a beautifully elegant combination of modern banking and innovative blockchain technology.
All in all, it’s hard to anticipate what will happen next. We know that, to date, ICO has sold more than 18 million MDX tokens, but they are still looking to sell more -aiming to achieve a staggering 25 million. Sold for 0.00296 ETH per token the total amount would equate to almost $20.5 million –a grand lump sum in the overall scheme of things.