Preference for traditional currency (35%)
Difficulty spending crypto daily (32%)
Not trusting cryptocurrency (28%)
Tax complexity or implications (22%)
Security concerns, such as hacking and scams (22%)
Lack of understanding (22%)
What does this mean for employers?
Despite the growing interest in crypto compensation, the report found that just one in five respondents have experienced getting paid in cryptocurrency for some type of work.
Among them, 78% were satisfied with it, with nearly a third saying they handled these payments by:
Transferring funds to another wallet (30%)
Converting immediately to USD (29%)
Holding temporarily before converting (29%)
“Crypto payroll is no longer hypothetical. Interest is widespread, and real-world usage is already happening through freelance and side work,” the report read.
According to the report, cryptocurrency could be a potential incentive for employers. One in five employees said they wish their employer did, with another 16% saying crypto compensation would make them more likely to accept a job offer.
“For employers, crypto pay won’t replace traditional payroll overnight. But for certain segments of the workforce, it may offer a meaningful incentive,” the report read.