1 in 5 French Workers Wants to Get Paid in Crypto, Survey Finds

A fifth of French workers would like to receive all or part of their salaries in crypto, a survey has found.

The survey was conducted by the French payroll software provider Payfit and reported by the French media outlet Cointribune.

The survey found that 20% of French respondents were in favor of ditching fiat salaries and instead receiving remuneration in crypto.

The software firm’s CEO Amaury Lelong said he found it “difficult to interpret” the reason why so many respondents said they preferred crypto salaries.

Which Groups of French Workers Want to Get Paid in Crypto?

The figure was even higher among younger respondents: 31% of those aged 18 to 35 said they were “in favor” of receiving their salaries in crypto.

And it appears men are the most crypto-keen of the genders: almost a quarter of male respondents said they wanted crypto salaries.

The data also showed that those working in larger companies were less open to the idea of crypto salaries: over 80% of those employed by companies that have over 500 employees rejected the notion.

And 79% of those in the CSP+ demographic (typically business owners, doctors, lawyers, and company executives) also said they did not want to be paid in crypto.

Lelong mused:

“Is this generation […] fully aware of the risks of volatility inherent in this type of asset?”

But the CEO claimed that the statistics were indicative of a wider “upheaval” in the relationship between work and finance. He said:

“It is a fact that the world of work is undergoing unprecedented change that is linked to technological, societal, and environmental developments. Since the arrival on the labor market of the Millennials and then of the digital natives, we have observed a marked […] change in the relationship people have toward work. And, more generally, [we have seen change in] the role that work plays in people’s lives.”

Regardless, crypto adoption appears to be rising fast in France.

Some have claimed that inflation has dogged the national economy of late, turning some to crypto.

France has nearly vanquished inflation crisis of the last year, but will face stronger price pressure in the years to come, Finance Minister Bruno Le Maire says https://t.co/0DjdrFBFS4

— Bloomberg (@business) June 26, 2023

Earlier this month, some of the nation’s biggest shopping malls said they would begin accepting crypto as a form of payment.

Also this year, crypto traders in the nation declared some $448 million worth of crypto-related profits.