Amazon’s proposal to pay workers in digital currency

The thing that seems to have flown under the radar in all this is that it is proposal to pay workers in digital currency. Specifically, the digital currency holding the workers wages is being given to the workers while Amazon is taking the liability on their balance sheet. <br><br>Their reasoning is that they need to pay workers out in digital currency holding to outsource payroll management as the workers are in too many countries. <br><br>Digital currencies are notorious for being poor store of value, volatile, and subject to holding requirements. So the workers are subject to the risk of losing holding value and/or being unable to use the digital currency when they need it. <br><br>It is very much the case that governments will ultimately step in and regulate workers wages in digital currency but it kind of puts the situation we are in into perspective. <br><br>Workers have to be paid in something that is going to be subject to holding requirements, taxes, and volatility. <br><br>Why is it like this? I honestly don’t see workers being paid in digital currencies as a positive thing. The best case scenario is that the workers get a stablecoin and the stablecoin can maintain its parity in the long term but it only kind of puts a bandaid on the problem. <br><br>The whole thing really seems like a recipe for disaster.