Adopting a Bitcoin payroll

Bitcoin is pretty universally acknowledged as the new frontier of money and have undoubtedly been one of the on-and-off hottest topics of the last few decades. One of the key questions often bandied around is whether they should be adopted to pay salaries. It is certainly possible and in some cases preferable. According to a 2025 survey by The Rec Hub, around 47% of workers in the UK and Europe would consider receiving their salary in bitcoin. Doubtless this number may increase amongst a younger and more forward-thinking workforce. So, if you aren’t considering the use of bitcoin to pay your staff, you should be and if you are, welcome! Here are some thoughts and it turns out we have a lot to say so buckle in for a long haul.

Let’s start with some of the potential risks or issues, so that if your risk appetite is low you can save yourself from the exciting stuff.

Employee Uncertainty

Whilst the statistic of 47% feels high, it’s important to note that this is just workers who would ‘consider’ receiving a bitcoin salary. Whether this would translate into real numbers is anyone’s guess and some staff would undoubtedly be put off. Education from firms on managing bitcoin would be essential in order to get these people on board and it may become a rod for your back. Similarly, there may be some ethical necessity to educate incoming and current staff on the risks involved with Bitcoin. None of this is a deal breaker really, but a responsibility to consider nonetheless. One way to temper this risk may be to offer a hybrid model, similar to the way you may offer stock options.

Market Uncertainty

There are loads of reasons why bitcoin is a bit temperamental. It’s an immature market so it’s particularly susceptible to media hype which impacts on supply and demand and investor sentiment, etc. etc. etc. We could go on but we shan’t. The ultimate point here is that employees (and businesses for that matter) do need to be able to predict their purchasing power, which can be more challenging with bitcoin’s extreme swings. Again, there are ways to temper this, like the aforementioned hybrid payment model and by tactics like choosing a stablecoin. But the fundamental point remains that this may be off-putting, for everyone involved.

The Accounting & Practical Considerations

Aside from the more human emotional risks, there are also accounting and practical things to consider. There will likely be some level of infrastructure and payroll shifts to consider, because there are tax laws and regulations around crypto in the UK. The general take home is that it’s quite similar in terms of PAYE and NI, but there are capital gains considerations in any profits made if converting back to fiat – I don’t want to get too sidelined by tax so there’s a good article from Blockpit here that you can check out. Generally, the only qualm is that your accounting department might have to be a bit more savvy and want to be compensated accordingly!

Ok, that’s the sensible bit done, let’s move into the outside-the-box potential.

A Brand Win

Let’s cut to the chase - adopting bitcoin is your marker in the sand that you are a fresh, innovative business, keeping up with the Jones and actually, being cooler than them. In some industries, this won’t necessarily fly too well, but property recruitment has the capacity to accept and embrace new ideas and fresh takes. Recruitment tends to attract hungry, dynamic employees anyway, exactly the kind of minds that will lap up forward-thinking financial strategies so why not jump in?

Attracting The Dynamic Minds

Similarly, even within the existing pool, there will be those employees that are even more up for this new wave. If you are a pro-bitcoin business that wants to attract like minds, here is the best and most obvious way to do it. Careers generally are becoming less conventional and for those wanting the ultimate flexibility, especially geographically, bitcoin is a great option.

International Payment For International Talent

Which leads us nicely to our final big pro - the removal of old-school, clunky bureaucracy associated with traditional currencies. Those dynamic minds might not be located in ‘your local area’, by which in a globalised economy we mean ‘They might not be in your country’. There’s a currently estimated global population of 8.2 billion people, with only 68.35 million in the UK so you can bet your bottom dollar that there’s some really, really clever people living elsewhere. Why limit your talent pool when bitcoin means you don’t have to? High transaction fees, slow processing times and currency conversions all fall by the wayside if you go digital.

So there you have it, the ‘nays’ and ‘yays’ for adopting bitcoin. It does feel important to acknowledge that in property recruitment we are in the fortunate position of having choice, in an industry that has the flexibility and dynamism to adopt innovation. We aren’t necessarily experts but we’d certainly love to grab a coffee or a glass of something and get your take on this. Get in touch!

Jackson Sims Recruitment is a property recruitment company operating in the UK and APAC region. Should you be a candidate or client working in property management we have a multitude of recruitment services that can be tailored to you.

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