This 24-Year Old British Software Developer Accepts 100% Of His Salary In Bitcoin (BTC)
Many people have already started putting some of their savings in Bitcoin, however, there aren’t many who accept their entire salary in BTC. Although, there is a rising wave who people who dare to do this. Live a life that is free from the control of banks and transfers money with minimal transaction fees across the globe to whomever they please.
Zakk Lakin, a British software developer is one such example of this. Lakin currently works as a developer in CoinCorner Ltd. CoinCorner is a company that allows you to buy Bitcoin instantly. While it isn't exchanged in the sense of a dedicated trading venue, it is an entry-level service, which allows you to then transfer your Bitcoin elsewhere. He is a resident of Isle of Man and worked in the firm for 2 years now.
UK’s media outlet mirror interviewed the 24-year old. One of the biggest revelations in his story was the fact that Lakin hasn’t altered his lifestyle at all. He says:
“Buying things with crypto is easier than people think – there are many online merchants that accept Bitcoin and I use them to buy what I need throughout the month – everything from tech-related items such as Raspberry Pi products or cooking equipment from Amazon (yes, there are ways to buy things from Amazon with crypto!)”
Not everything is available to be purchased with cryptos currently, however, Lakin doesn’t find it hard to liquidate his assets. Working for a crypto exchange gives him the benefit of not paying the fees that other users pay. He goes on:
“At the moment I convert all of my permanent outgoings (such as rent, direct debits, etc) to GBP on payday to avoid any issues around the Bitcoin price movements and then the rest is left for disposable income/savings.”
Although, there are disadvantages living this life too. One of them being that the transaction time is huge. Zakk states:
“Over time I believe we’ll begin to see more retail companies like restaurants and petrol stations introducing Bitcoin payments, and this will mean I can spend less on fiat and more in Bitcoin.”