Fold Launches 'Bitcoin Bonus' Program for Employers Following Steak 'n Shake Debut
Publicly traded Bitcoin services firm Fold is rolling out a program to let companies grant employees bonuses in crypto....
Key takeaways
- 1Fold launched a 'Bitcoin Bonus' program enabling companies to grant employees cryptocurrency bonuses as compensation.
- 2Steak 'n Shake became the debut employer adopting Fold's Bitcoin Bonus program for its workforce.
- 3The program targets publicly traded Bitcoin services firms expanding crypto adoption into mainstream employer benefits.
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Why it matters
This marks growing institutional adoption of crypto in employee compensation, potentially normalizing Bitcoin as a legitimate benefit in India where crypto adoption among retail investors is rising. However, tax implications and regulatory clarity remain crucial for Indian employers considering similar programs.
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