, 2022-05-20 07:40:28,
Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky.
Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins and outs of the crypto industry — different types of virtual wallets, non-fungible tokens (NFTs), and browser extensions — has been quite an education.
“It has been a very steep learning curve for me,” said Howell, 35, who works in investor relations for Exodus, a bitcoin and crypto wallet firm. “It is just a new industry, but also it’s very fast-moving.
“So there’s always something new within crypto that has evolved.”
Howell never owned digital currencies before taking this job. Now she is paid in bitcoin on the first of every month — based on her salary in U.S. dollars.
“If bitcoin is $50,000 (per token) and I make $25,000 per month, I’ll receive half of a bitcoin,” said Howell. “Now on the first [of the month], our company sets the price, so at a certain time on the first of every month, they’ll say this is the exchange rate for bitcoin.” Employees can then convert their crypto paychecks into dollars, with the company covering the conversion fees.
Yet, this single mother of two has gone all-in with crypto. She recently purchased a new home, but struggled with the first lender she tried not accepting her bitcoin income.
Allysa Howell, left, works for a crypto-wallet company that pays all of its employees in bitcoin.
“I was disqualified from a mortgage, which made me really nervous,” said Howell as she…
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