A bitcoin savings plan? In Texas, banks are switching to cryptos


Laredo Bank ready? – As the prospects for regulation and restrictions on the use of Bitcoin become clearer in Europe, the United States is organizing the new economy. The banks themselves seem to have understood Bitcoin’s interest for them and for their customers. And now their employees!

Bitcoin salary: Fast forward to the future?

As we mentioned at the end of last year, French legislation is not yet adapted to this type of question. A question that will nevertheless come back with insistence in the months and years to come, while some of our neighbors have taken it head on.

Indeed, the United States is getting organized and seeking to develop a framework that will benefit them and businesses. Joe Biden recently asked several national agencies to submit a report on this subject. An eminently strategic subject as it brings together cross-cutting subjects: economy, cyber security, innovation, finance and the energy sector, to name but a few.

If a more in-depth framework still needs to be developed across the Atlantic, it is already possible to take part of your salary in crypto currency, and not just any currency: in Bitcoin please!

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Discover the “Bitcoin Savings Plan”

Proposed by the New York Digital Investment Group (NYDIG), this bitcoin savings program was set up to facilitate the process for companies. The practice already exists and several business leaders have taken the plunge. This is particularly the case of the NBA franchise of the Rockets of Houston (Texas) which joined the program “Bitcoin Savings Plan”.

The Vantage Bank Texas (located in Laredo, Texas) will soon integrate this savings plan in order to offer it to its employees. The underlying technology is very popular with younger profiles, says Eric Thomson (Human Resources Director) to the local gazette. He describes this opportunity as an alternative to the other savings plans already offered:

The idea of ​​the Bitcoin savings plan was presented to us by one of our partners […]. This program is just one of many savings plans that we offer to our employees. […]. Vantage Bank is committed to educating our employees, researching this technology and understanding how blockchain will better support our customers and their financial needs. »

Far from the fantasies often associated with Bitcoin, blockchain and cryptos in general, a growing number of professionals and institutions are taking the plunge for themselves and their employees. The fact that this kind of service is offered within a bank is all the more significant for the whole pedagogical and educational aspect. Employees can now be skin in the game (invest) and better advise their clients about Bitcoin and its possibilities.

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