article thumbnail

Champing At The Bit: Can You Pay Your Workers In Bitcoin?

YoungUpstarts

There is no middleman between parties exchanging the currency, unlike regular forms of payment that are backed and controlled by a central government authority or a bank. First and foremost, federal and state law may not allow employers to use bitcoin to pay employees’ salaries. Its appeal is that it is completely decentralized.

article thumbnail

43 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

I am a big advocate of transparency in business and government and believe that many injustices in our society exist because people are ill informed. My father owned PT business in New York and saw first-hand the financial toll of having to wait on long payment cycles, often not taking a salary for months before payments arrived.