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I got paid in bitcoin... well kinda!!

Difficulty Level - Easy

Its our Ninth post in the "I did what with crypto" series...

  • In our first post (click here)... we bought skittles from a physical store

  • In our second post (click here)... we went online shopping

  • In our third post (click here)... we paid rent to my landlord..

  • In our fourth post (click here)... we donated to the red cross

  • In our fifth post (click here)... we used dogecoin to buy Ice cream

  • In our sixth post (click here)... we used paypal's pay with crypto feature

  • In our seventh post (click here)... we bought starbucks with bitcoin (using baakt)

  • In our eight post (click here)... we bought ice cream and earned bitcoin

In this post, I share something i've always wanted to do... get paid in bitcoin..well kinda!

My Ingredients

  • A Job haha... if you don't have one you can't get paid

  • A Job with direct deposit

  • An account on the strike app

The rest of the story - How it works

In case my employer is reading :) let me be clear... haha.... so...

1. I did get paid in USD by my employer. The strike app gave me a direct deposit routing and account number which i provided to my employer. See below

2. But a portion of my paycheck (specifically $50 per pay period) was direct deposited into the Strike app. See below

3. In the Strike app i setup 100% of my deposited amount to be auto converted to Bitcoin... for illustration i'm also showing below that this doesnt have to be 100%, it can be 50/50 in which case only 50% of my direct deposited amount would be converted to bitcoin

4. The strike app auto purchases bitcoin according to the percentage i have preset (in my case 100% of my deposited amount would be used to purchase bitcoin) see below:

Thats it!

So what?

All that is left is a debit card and i may not need a regular bank account any more... Think about this... if i can direct deposit my entire paycheck to the strike app... and automatically buy crypto from here.... then all i need is to be able to spend USD from the strike app and... remind me why i need a bank account again?

How it needs to get better?

I think adding a debit card product!

Now you!!!

Leave me a message, or better... go do something... anything with crypto and tell us about it...maybe we will even post your story in this series!!

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