Stephen is a senior at the University of South Carolina and is working with a start-up. He is paid in cryptocurrencies.
Gerrits said that it would be a good idea to strike it rich and get some money out of it.
He spends about eight to 10 hours a week at SharpRank persuading people to download its sports app on their phones and get paid by the download.
He says he has probably earned the same or more in the digital currency as he would have in cash, but he is not sure because of the large fluctuations in the value.
Gerrits checks his account three times a week. It is fun to watch when it is rising, but not so much when it is going down.
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He considers the money from this job to be an investment since he has other funds to cover rent and essentials.
His employer thinks it's a way to attract talent.
College students are used as brand ambassadors by SharpRank to build its user base. SharpRank doesn't have a physical product to give away or discount.
Chris Adams, SharpRank's founder and CEO, said that they wanted to differentiate themselves from the pack when they were looking at what they were doing as a startup.
Adams says more than half of its workers take at least some of their pay. When employees talk about their jobs, there seems to be added value in terms of the cool factor.
A lot of my friends have graduated and are working in real adult jobs and wish they could get some of their salaries in tych.
It is risky to get paid in digital coins. The price of the virtual currency has gone from over $67,000 to under $30,000 this year. A person paid $670 incryptocurrencies in November and had $500 a month later.
Artists like to use the criptocurrency, which is used to power applications. The coin hit an all time high of $4,800 on December 1st, but has traded lower in the last week.
Tiyanna Brown is an artist who is willing to take the risk to get a foothold in the crypto economy.
The term "starving artist" is something that Brown wants to see as of the past. She sells her art on the Rarible platform in exchange for the digital currency.
Tiyanna Brown has a work called "Ethereal Body".
She said that every time someone uses her art, she gains a percentage. Your art can go up in value if more people use it and more people purchase it.
The IRS requires people earning income in digital coins to pay tax. The wages must be reported in dollars, based on the value of the coin on the day it was received. That means people who paid in cryptocurrencies may have to pay tax on their income that has dropped in value.
With more young people entering the workforce interested in getting paid in digital token, more companies are exploring the idea of paying salaries in digital token.
Companies are interested in figuring out the wage laws and taxation that make it difficult to get a good salary.
Phil Bauknight said that options can be taken to understand and mitigate risk.
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