17 Jul '13, 12pm

Forget Stock Options, Bitcoin Becomes a Must-Have Startup Perk

Forget Stock Options, Bitcoin Becomes a Must-Have Startup Perk

The digital currency known as bitcoin may be a neat new way to make payments in a flash, but it’s also an increasingly in-demand form of compensation among startups Last year, Finnish software company SC5 dubbed itself the first company to start paying employees with the decentralized currency. This year, the San Francisco-based Internet Archive — the organization behind popular website archive indexer Wayback Machine — followed suit. “Paying salaries as bitcoin was such an experiment with no other concrete objective than learning about bitcoin through practice. We have managed to make such a dull thing as ‘paying salaries’ more interesting and exciting,” says lead architect of SC5 Lauri Svan. It isn’t just useful for startups looking to pay employees. Bitcoins are also being used by startups looking to attract top talent. One company taking the lead on the initiative is S...

Full article: http://www.youngentrepreneur.com/blog/forget-stock-option...

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