MicroStrategy will pay its board members in Bitcoin

In a previous occasion, an author from our environment avidly explored the possible impact that cryptocurrencies have on applicable aspects of companies and business organization. Now, in keeping with the theme of the aforementioned analysis, Financial News reports that business intelligence firm MicroStrategy plans to award the benefits to its directors in Bitcoin.

In this way, being one of the largest institutions that trust this virtual currency, it presented a proposal before the SEC - the Securities and Exchange Commission of the United States - the same one that was approved today. With this outlook, there do not appear to be regulatory risks in the medium term for the board of directors to stop receiving its profits in fiat money.

Under this SEC-supervised deal, the sums for each computable exercise will be determined in US dollars on the date of calculation, and then this will be converted to Bitcoin according to the price managed by the company's payment processor. Finally, this same payment processor will end up depositing the desired amount in the digital wallet of each director.

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Elijah Casanova
Last year law student at the Universidad del Pacífico. With an interest in technology, business and law. New technologies are our letter to the future.


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