Ken Chigbo
Independent Analyst
- Netzmedien AG’s are keen to move operational costs to cryptocurrency, Bitcoin (BTC).
- The company already held voting for approval to pay employees in BTC over CHF, at their choice.
Large Switzerland-based media company, are exploring migration away from fiat currency for the cryptocurrency in Bitcoin (BTC). The organisation announced today that they will look at paying all wages in Bitcoin (BTC). effectively.
The announcement follows Netzmedien AG’s decision recently to convert half of its assets to cryptocurrencies. Top company executives have been giving their employees a choice to choose between BTC and Swiss Franc.
A round of voting was conducted, which saw Bitcoin emerge as the winner. The CEO Heinrich Meyer, stated that they would start accepting bitcoins by mid-2019 for their media publications. Demonstrating their large interest of full migration to cryptocurrencies.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
HYPE drops 6% amid Eyenovia plans to establish Hyperliquid treasury
Hyperliquid (HYPE) sustained a 6% decline on Tuesday despite Nasdaq-listed Eyenovia's (EYEN) announcement that it entered a securities purchase agreement to offer up to $50 million of its shares to establish a HYPE treasury.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP dips as US involvement in Israel-Iran conflict looms
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices hovered around key levels on Wednesday after falling the previous day. The crypto market turned risk-averse amid growing concerns that the United States could intervene in the escalating conflict between Israel and Iran.
Crypto market tumbles as US missile strikes over Iran: SPX, VIRTUAL, and WIF lead the losses
The broader cryptocurrency market is trading in the red as the US steps into the Israel-Iran conflict. Bitcoin (BTC) trades below $105,000 at press time, while meme coins such as SPX6900 (SPX) and Dogwifhat (WIF) lead the market pullback alongside Virtuals Protocol (VIRTUAL).
Shorts weigh on Ethereum amid whale accumulation and strong ETH ETF inflows, experts reveal why
Ethereum (ETH) is down 2% on Wednesday amid a simultaneous growth in accumulation and short positioning across ETH futures. The divergence follows investors leveraging a delta-neutral play to scoop yield.
Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.