Salaries in crypto are a new trend that is gradually gaining momentum across numerous industries. Many employees already ask their companies to pay a certain share of their compensation in digital assets. Crypto salaries have obvious advantages over the traditional fiat ones. For instance, cryptocurrencies are much more secure and decentralized and thus enable employers and employees to transfer funds directly without any intermediaries. In order to provide employees with a choice, companies need to feature as many crypto salary options as possible. By offering SparkPoint as salary, businesses can expand their salary method selection and allow their employees to receive tokens of a unique project. NOWPayments has tools for sending and accepting SRK salaries.
- SRK is the native currency of SparkPoint.
- SRK salaries are fast, borderless, and private.
- One can use crypto invoices to receive SRK salaries.
What is SparkPoint?
SparkPoint builds an ecosystem of decentralized blockchain-powered products. Andy Agnas and Rico Zuñiga are the founders of SparkPoint and long-time experts in blockchain technology. SparkPoint incorporates five main elements, which include SparkPoint Wallet, SparkLearn, SparkPlay, SparkEarn, and SparkDeFi. Each of these components equally contributes to the development of the ecosystem.
Versatility is the feature that distinguishes SRK from the rest of cryptocurrencies, making it truly unique. SRK is the native token of SparkPoint. Thus, SRK fuels all the activities on the platform, letting users interact with the products of SparkPoint. Another crucial aspect of SRK is that its total supply of 14 billion coins will shrink to 10 billion. This makes SRK a deflationary asset, unlike many other cryptocurrencies. Finally, the fact that SRK is a cryptocurrency issued in the Philippines which is actively traded on all major exchanges also contributes to its uniqueness.
Why should I receive salaries in SRK?
Protect your privacy
Every public blockchain currently present on the market is anonymous by default. This feature of blockchains can help companies to maintain the privacy of their employees and their financial information. The fact that blockchains are public does not mean that they require users to make their identities public. In fact, users, when using blockchains, do not provide any details about themselves. Subsequently, the information about each transaction, despite being available to the public, does not contain data about a particular individual on the network. Confidentiality is crucial both for businesses and employees, especially when it comes to financial operations. The traditional systems such as banks or payment processing services such as Skrill do not deliver the same level of privacy as blockchains. Therefore, in order to make their salaries more private, people can switch to receiving at least a portion of their salary in cryptocurrencies such as SRK.
Increase the speed of transactions
Bank transfers tend to be one of the most popular ways to receive salaries. Yet, the problem which is inherent to them is the inefficiency and lack of speed. Money transfers processed by banks can take virtually days to reach the recipient due to different reasons. For instance, there can be a weekend break or a sudden bank holiday. Cryptocurrency transfers, especially of coins such as SparkPoint, have no such issues. SRK transactions are processed in a fast way 24/7 and 365 days a year without a single stop. By accepting crypto salaries, employees can guarantee themselves faster payouts and stress-free living.
Lower employer’s costs
Bank transfers also have another problem which is the high fees. Banks often increase their fees without holding any prior discussions with clients. That is why cryptocurrencies can be used as a viable and cheap alternative to bank transfers. Crypto transactions do not imply wasting a fortune on fees charged by third-party services. SRK transactions are quite cheap and, therefore, can benefit the employer, who will end up paying less money as fees. Potentially, lower fees also can benefit the employee who accepts a crypto salary since the employer will have more money in their pocket and, therefore, more resources to allocate to salaries. That is why featuring SRK salaries is a reasonable financial decision for companies.
Ensure global transfers
Another great feature of cryptocurrencies is that they are truly global in the sense that they are not limited by any geographical borders. The majority of successful companies operate internationally and have employees all over the world and therefore need to pay them salaries using banks. In such situations, though, bank transfers demonstrate the complete inefficiency of their outdated technology. Bank transfers sent overseas not only cost an arm and a leg but also take a lot of time to arrive. Moreover, to make the process slightly more efficient, companies and employees have to open and manage bank accounts in several countries. SRK transactions, on the other hand, are borderless, and they do not require any registration. Subsequently, people can receive their salary in crypto in no time, no matter where they live. All they will need is access to the internet and their crypto wallet.
Blockchains are not only decentralized but also transparent. This is also true for Ethereum, which hosts SRK tokens. By accepting SRK as salary, you will be able to track all of your transaction history forever. It will also be beneficial for the employer to ensure better accountability using blockchain.
How to accept and pay SRK salaries
If you work for a company and wish to accept cryptocurrencies such as SRK as salary, you can use NOWPayments tools. For instance, you can create a crypto invoice by specifying the sum which you would like to receive in fiat. Then, you will be able to send this invoice to your employer, who will pay you a crypto salary using this invoice. If your crypto salary sum remains the same, you will not need to generate a new invoice because NOWPayments will automatically update the sum in crypto according to the latest exchange rate.
If you own a business and wish to send SRK salaries, you can utilize NOWPayments’ “Mass Payouts” feature, which will enable you to send several crypto payments efficiently.
SRK salaries bring a lot of benefit to both employers and employees. SRK salaries are private, fast, and global. NOWPayments assists people in receiving SRK salaries.