One in Five French Workers Expresses Interest in Crypto Salaries
In Brief
A fifth of French workers would like to receive their salaries in crypto.
This trend is predominately led by younger male workers.
A recent survey has revealed that one out of every five French workers wishes to receive all or a portion of their salary in cryptocurrency. Conducted by Payfit, a French payroll software provider, the survey has sparked conversations about the changing landscape of remuneration preferences among the workforce.
Payfit‘s findings indicated that 20% of French respondents expressed an interest in receiving their salaries in cryptocurrency, as opposed to traditional fiat currencies. Payfit’s CEO, Amaury Lelong, found it challenging to pin down the specific reasons behind this preference.
When broken down by demographics, the survey showed a clear trend towards younger male respondents favoring crypto salaries. Approximately 31% of respondents aged between 18 and 35 stated they would welcome receiving their wages in crypto. Nearly a quarter of male respondents also voiced the same preference.
On the other hand, the survey results showed that employees from larger companies seemed less receptive to crypto salaries. Over 80% of respondents from firms employing over 500 people rejected the idea. Additionally, 79% of respondents from the CSP+ demographic, typically including business owners, doctors, lawyers, and company executives, also expressed a disinterest in receiving crypto-based remuneration.
Which Groups of French Workers Want to Get Paid in Crypto?
Despite the uncertainty, the CEO acknowledged that the survey findings reflect a broader shift in the relationship between work and finance. “Since the arrival on the labor market of the Millennials and then of the digital natives, we have observed a marked […] change in the relationship people have toward work,” he noted.
This revelation comes amidst a rising trend of crypto adoption in France. The inflationary pressures on the national economy have reportedly encouraged some to turn to cryptocurrencies. In addition to individual interest, institutional adoption is also on the rise. Major shopping malls in the country announced earlier this month that they would begin accepting crypto payments. Crypto traders in the nation have declared around $448 million worth of crypto-related profits this year.
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About The Author
Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
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Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
