A new study reveals that U.S. technology professionals would be happy to be paid in Bitcoins. The survey was conducted by Tech in Motion, an event organizer that brings local tech communities together.
Tech in Motion sent the questionnaire to its 18,000 members and received 847 responses. Of those who responded, 51.12% chose “yes, absolutely” to the question “Would you be interested in being paid for your work in cryptocurrencies like Bitcoin?” 18.06% chose the option “Maybe, let’s see where Bitcoin is in a year or two.” The remaining participants said that they would prefer to be paid in traditional currency. Of those who chose not to embrace Bitcoin, 9.92% stated it was because they “do not think Bitcoin will last,” and 1.18% stated they did not know what Bitcoin was.
These results indicate a greater acceptance of the currency and a bright future for the use of Bitcoin in the United States. It is encouraging that Tech in Motion’s survey showed that over half of the participants were eager to start using cryptocurrencies. This may convince U.S. payroll processors to offer crypto-currency options to clients’ employees. Bit pay is in the early stages of beginning to develop such a service in the United States. Canada has already embraced bitcoin options. Wagepoint, a payroll management firm, has teamed up with Canadian virtual exchange VirtEx to incorporate bitcoin options.
Payroll seems the best way to integrate Bitcoin technology into our system. By expanding Bitcoin wage payments, employees will easily acquire and begin to use and spend crypto-currency like U.S. dollars. Tech in Motion’s survey results demonstrate that the IT community is ready to move forward with crypto-currency integration. Their membership covers a wide cross section of the tech industry, including hardware and mobile product developers, software developers, open-source developers, and IT infrastructure producers.
Tech in Motion also conducted rough polling in the cities where their members are located and found that the results were similar to their overall survey. All signs suggest that crypto-currency is on its way in the U.S. with an endorsement from IT professionals.
1. Tech
Pros
Welcome
Bitcoin
Payments
By
Bitvestment
Partners
January
30,
2014
A
new
study
reveals
that
U.S.
technology
professionals
would
be
happy
to
be
paid
in
Bitcoins.
The
survey
was
conducted
by
Tech
in
Motion,
an
event
organizer
that
brings
local
tech
communities
together.
Tech
in
Motion
sent
the
questionnaire
to
its
18,000
members
and
received
847
responses.
Of
those
who
responded,
51.12%
chose
“yes,
absolutely”
to
the
question
“Would
you
be
interested
in
being
paid
for
your
work
in
cryptocurrencies
like
Bitcoin?”
18.06%
chose
the
option
“Maybe,
let’s
see
where
Bitcoin
is
in
a
year
or
two.”
The
remaining
participants
said
that
they
would
prefer
to
be
paid
in
traditional
currency.
Of
those
who
chose
not
to
embrace
Bitcoin,
9.92%
stated
it
was
because
they
“do
not
think
Bitcoin
will
last,”
and
1.18%
stated
they
did
not
know
what
Bitcoin
was.
These
results
indicate
a
greater
acceptance
of
the
currency
and
a
bright
future
for
the
use
of
Bitcoin
in
the
United
States.
It
is
encouraging
that
Tech
in
Motion’s
survey
showed
that
over
half
of
the
participants
were
eager
to
start
using
cryptocurrencies.
This
may
convince
U.S.
payroll
processors
to
offer
crypto-‐currency
options
to
clients’
employees.
Bit
pay
is
in
the
early
stages
of
beginning
to
develop
such
a
service
in
the
United
States.
Canada
has
already
embraced
bitcoin
options.
Wagepoint,
a
payroll
management
firm,
has
teamed
up
with
Canadian
virtual
exchange
VirtEx
to
incorporate
bitcoin
options.
Payroll
seems
the
best
way
to
integrate
Bitcoin
technology
into
our
system.
By
expanding
Bitcoin
wage
payments,
employees
will
easily
acquire
and
begin
to
use
and
spend
crypto-‐currency
like
U.S.
dollars.
Tech
in
Motion’s
survey
results
demonstrate
that
the
IT
community
is
ready
to
move
forward
with
crypto-‐currency
integration.
Their
membership
covers
a
wide
cross
section
of
the
tech
industry,
including
hardware
and
mobile
product
developers,
software
developers,
open-‐
source
developers,
and
IT
infrastructure
producers.
Tech
in
Motion
also
conducted
rough
polling
in
the
cities
where
their
members
are
located
and
found
that
the
results
were
similar
to
their
overall
survey.
All
signs
2. suggest
that
crypto-‐currency
is
on
its
way
in
the
U.S.
with
an
endorsement
from
IT
professionals.
Bitvestment
Partners
is
dedicated
to
investments
in
the
Bitcoin
and
crypto-‐currency
ecosystem.
The
company
has
deep
expertise
in
cryptography,
peer-‐to-‐peer
networks,
and
e-‐
commerce,
and
is
involved
in
Bitcoin
mining,
Bitcoin-‐related
e-‐commerce,
and
innovative
uses
of
blockchain-‐based
algorithms.
Bitvestment
Partners
applies
a
deep
bench
of
in-‐house
expertise
to
evaluate
Bitcoin-‐business
and
related
investment
opportunities.
They
see
Bitcoin
as
having
a
tremendous
potential
to
revolutionize
payments
in
emerging
markets
as
well
as
empower
unbanked
individuals
to
have
greater
control
over
their
personal
finances.