Although the interest of the general public for the most popular cryptocurrency in the world, Bitcoin, decreased almost every month as well as its price, an Internet company in Israel wants to give its employees the opportunity to receive some percentage of their salary or even their entire wage in cryptos.
Israeli internet company based in Tel Aviv, [Spot.IM](https://www.calcalist.co.il/money/articles/0,7340,L-3740135,00.html) that helps media websites such as NBC, Huffington Post and Time Magazine with their social engagement has already made the first steps to implement a crypto payroll form for their willing employees. In the coming months they expect agreements to be settled on the exchange rates of the digital currency, mentioning also that conversion taxes and fees will be absorbed by the employer. The company has also already addressed the matter to the Labor Ministry.
>"As those who deal with some of the most advanced technologies every day, we are great believers in the future of cryptographic currencies. Still, currencies are built on trust, and to create such trust companies, organizations and institutions will have to recognize cryptographic currencies as legitimate. "
-Ido Goldberg, Head of Spot.IM's operations in the country in an interview for Calcalist
[image source](https://pixabay.com/en/bitcoin-crypto-virtual-money-3024279/)
On the other hand, [Brad Garlinghouse](https://en.wikipedia.org/wiki/Brad_Garlinghouse), CEO of [Ripple](https://ripple.com/), recently came up with a tough affirmation at the **Stifel Cross Sector Insight Conference** claiming that Bitcoin is by over 50% controlled by Chinese miners asking at the same time his audience *who would agree to accept an official currency that is controlled by China*.
>"I'll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50% of Bitcoin. "How do we know that China will not intervene? How many countries want to use a Chinese-controlled currency? It's just not going to happen. "
Moreover, he said he believes in blockchain technology and its important use cases, but he does not believe that it will disrupt the banks, but will rather help them with faster transactions all over the world and low fees, but he doesn't see Bitcoin the perfect candidate for this position. At the conference in Boston he did not "forgot" to compare Ripple/XRP with Bitcoin and induce to the public the idea that Bitcoin is not really the perfect solution for financial transactions, especially in the case of banks.
>"This is how liquidity will be managed in the future. Bitcoin today takes 45 minutes to settle a transaction. Banks will use what is efficient and cheaper. And if you deliver a better product at a better price [...] they will use it. "
-Brad Carlinghouse, CEO of Ripple
He also stated that he owns Bitcoin and he's *long on crypto* advising people to invest in what is called the digital gold, but not more that anyone could afford to loose.
References:
https://news.bitcoin.com/ripple-ceo-bitcoin-controlled-by-chinese-absurd-to-think-it-could-be-primary-world-currency/
https://news.bitcoin.com/internet-company-asks-israeli-authorities-permission-to-pay-salaries-in-bitcoin/
**Thanks for your attention,
Ace**