NEW YORK–NYDIG, a bitcoin company with which two credit unions have now partnered to allow members to buy and sell bitcoin, has now introduced a Bitcoin Savings Plan it said will allow employees of certain companies get paid in bitcoin.
“A Bitcoin Savings Plan is an exciting employee benefit program that allows an employee to convert a portion of their paycheck to bitcoin,” the company said. “The bitcoin is held on the same secure, regulated NYDIG platform used today by some of the largest banks and companies in the world.”
According to NYDIG, among the first to offer the benefit are companies owned by former NFL quarterback Drew Brees, who will also be using a Bitcoin Savings Plan to convert a portion of his compensation to bitcoin. Several companies Brees is involved with will also be making the optional benefit available including Everbowl and StretchZone, the company added.
NYDIG said Fertitta Entertainment, owned by hospitality business mogul Tilman Fertitta, will be offering the benefit to employees of the Houston Rockets (which recently inked a sponsorship deal with NYDIG, paid in bitcoin) and to corporate employees of restaurant giant Landry's.
‘Recruit & Retain’
“For the first time, employers can leverage the power of bitcoin to help recruit and retain the best employees with an innovative perk alongside established benefits such as 401(k)s,” NYDIG said. “Employees choose what percentage of their pay they would like to auto-convert to bitcoin, and NYDIG's platform makes the rest seamless. Bitcoin traded and held by employees as part of this benefit does not incur any transaction or storage fees and is stored in NYDIG's industry-leading, 100% cold storage system–known as the safest way to hold bitcoin.”
Companies launching a Bitcoin Savings Plan from NYDIG also include publicly traded companies such as Q2, MVB Bank and Vantage Bank, NYDIG said.
"We know how hard it is for companies to attract top-notch talent. That's never been truer than it is today," said Patrick Sells, chief innovation officer of NYDIG. "A NYDIG Bitcoin Savings Plan is an easy-to-adopt benefit that can help employers stand out from the pack while providing their employees with a critical tool for protecting their financial futures.”
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