Sequoia Holdings, the Software development service provider, has started offering the employees to take the option to receive a part of their salary in cryptocurrency. Under his program, the staff can elect for the deferring of a portion of their salary in bitcoin. It includes bitcoin cash or an Ethereum platform with Ether.

Sequoia is bringing in a third-party payroll that works as a processing firm for withholding the taxes. This makes them convert the reminder into cryptocurrency. It is going to be held as a digital wallet with the administration of the processor. The firm is likening the mechanism on how an employee is going to defer a portion of their salary toward 401(k) retirement with the savings plan. The deferral is going to come after the tax.

Richard Stroupe, the CEO of Sequoia, is saying that “Cryptocurrency has emerged as an important alternative to traditional investments like stocks and bonds. We’re proud to give the members of our team the ability to easily invest in cryptocurrency and build their savings.”

Bitcoin is recently seeing the value, which is soaring under $15000 from three months ago, which is going over $40000 from the early January. It is going before the slump around the $32000 mark with the pixel time. The cryptocurrency is experiencing a surge with the interest of the Financial Conduct Authority of the U.K. It is warning the investors that they are going to prepare the loss of all the money in case of the speculative punts.

Source: https://www.finextra.com/newsarticle/37329/sequoia-holdings-lets-employees-get-part-of-salary-in-bitcoin/retail

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