Sequoia To Pay Interested Employees In Bitcoin

Read more on this subject: Bitcoin
News Story Source: https://www.zerohedge.com, by Tyler Durden
That changed today when Sequoia Holdings, not the hedge fund but the "employee-owned provider of high-end software development and engineering services centered on improving the analytic, collection, collaboration and sharing of data", announced that it is now giving employees the option to receive a portion of their salary in cryptocurrencies like Bitcoin.

"We're excited to offer the members of our team this new benefit," said T. Richard Stroupe, Jr., co-founder and CEO of Sequoia. "Many of our employees are enthusiastic supporters of cryptocurrency, and we're happy to help them gain exposure to this trillion-dollar asset class."

Under the new program, Sequoia employees may elect to defer a portion of their salary into Bitcoin, Bitcoin Cash, or the Ethereum platform's ether. The company is partnering with a third-party payroll processing firm to withhold taxes and convert the remainder into cryptocurrency, which will be held in a digital
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