News > Sequoia Holdings says employees can draw part of salary in cryptocurrencies

Sequoia Holdings says employees can draw part of salary in cryptocurrencies

The Hindu | 22/01/2021 05:08 PM | Click to read full article

Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to. Under the new program, employees can elect to defer a portion of their salary into bitcoin, bitcoin cash, or the Ethereum platform's ether, Sequoia Holdings said.

Earlier this month, Bitcoin, the world's most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March.