Japanese internet giant GMO paid more than 4,700 employees in bitcoin

nRunaway Comment: Japan’s Internet leader GMO Group announced that starting in February next year, employees can get some of the wages of bitcoin payments. However, initially this option was only open to GMO Internet Co. Ltd staff and gradually extended to the entire group. Wages are paid using the GMO Coins exchange rate of the group’s own exchange. The goal is to contribute to the development of cryptocurrencies around the world. The company will invest in the future to build mine and mining chip research and development.n
nTranslation: Annie_Xun
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GMO introduces Bitcoin Payroll Systemn
Japan’s Internet leader GMO Group announced in February next year, employees can get some of the wages of bitcoin payments. However, initially this option was only open to GMO Internet Co. Ltd staff and gradually extended to the entire group. The company website shows that GMO Internet currently has 4,710 full-time employees.n

The company’s Web site also lists the 42 subsidiaries of the GMO Group, including GMO Coinscompany, a corporate cryptocurrency subsidiary, and GMO Click, one of the world’s largest forex platforms.n
In order to pay wages in bitcoin, the company explained:n
n”GMO Internet Group has decided to introduce a system to pay part of the salary in bitcoin in order to boost the virtual currency holding of domestic workers.”n
nThe initial bitcoin payment amount is 10,000 yen (88 dollars) and the upper limit is 100,000 yen (881 dollars). Bitcoin payments will be deducted from Japanese yen wages using the GMO Coins exchange rate. Employees who create accounts at the GMO Coins exchange “can get bitcoin on the payday.”n
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GMO promotes crypto currency development internallyn
After the crypto currency trading platform was set up in May, GMO announced the mining business in September. The company plans to invest 10 billion yen in the next five years to build mines and research and develop 7nm, 5nm and 3.5nm mining chips. October GMO announced plans to sell through the sale of token configuration 7nm chip mining board.n

Company statement said that “the mining business is currently in preparation, the start date is January 2018.”n
n”GMO Internet Group will contribute to the development of global virtual currency and promote virtual currency related projects within the group.”n
n”To further strengthen these virtual currency projects, it is important that employees actively use the virtual currency to improve their virtual currency knowledge.”n

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