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!!
