Receiving his salary in ethereum has almost become normal for 41-year-old illustrator, Nick Ashton. “I was quite dubious,” he admits. “But it’s been eye opening.” According to research from payroll provider Deel, Mr Ashton is not alone. Five percent of the platform’s salaries globally (more than 100,000 contracts) are now paid in cryptocurrencies – with Latin America and Europe, the Middle East and Africa leading the way. Tellingly, these virtual pay-outs have increased 10% every month since late 2020, compounding in popularity.
Crypto salaries are becoming part of a sprawling global movement, spurred on by remote working, Web3 and the spiralling cost of living.
