On Midweek, British cryptocurrency mining visitor Argo Blockchain revealed that CEO Peter Wall is now the kickoff executive of a publicly traded visitor to take their unabridged salary in Bitcoin (BTC).

In a Feb operational update, the company — which trades on the London Stock Exchange under the ticker ARB — said that as of Mon, Wall began taking his salary in the cryptocurrency and that "Any other Argo team members may choose to be paid in Bitcoin for office of or all of their salaries."

In an interview with Cointelegraph, Wall said that the decision was an obvious 1 for Argo, which mined 129 BTC last month and currently has 599 BTC on the books.

"I actually woke up in the middle of the night and asked myself, 'why am I getting paid in fiat?'" said Wall. "'Why don't we just offset paying ourselves in Bitcoin?'"

Wall pointed to NFL thespian Russell Okung equally an additional source of inspiration. Late last year, certain publications reported that Okung was drawing a portion of his bacon in Bitcoin; in reality, he was using a service to convert his wages.

By dissimilarity, Argo is in fact paying Wall in Bitcoin directly from the company's coffers. Wall reported "stiff" interest from employees as well, and he anticipates a "strong uptake" on the offer. Employee salaries will continue to be denominated in fiat, and the conversion rate will exist calculated daily using Satstreet'due south exchange rate.

Employees aren't the just ones interested. Wall joked that some shareholders take inquired about dividend payments in BTC — a feat that may be too much of a legal hurdle to clear — and said some other visitor heads accept applauded the motility.

Wall said that Bitcoin is an platonic way to take at least a portion of salary, given its utility equally a store of value and its provable scarcity.

"At that place's an evolving payment construction for how people are getting paid out, and we're happy to be at the forefront of pushing things in that direction," he said.

He anticipates other companies — even giants like Google — will offering cryptocurrency salary options to employees inside "three to five years."

"Long term there's absolutely no doubtfulness that we will be using cryptocurrencies in our daily lives across all the transactions we exercise everyday."