![]() ![]() Bitwage, Bitcoin and cryptocurrency payroll sit at the intersection of these two movements. Covid-19 has acted as a catalyst for both the cryptocurrency and remote work industries. “If I can help educate or inspire someone in my shoes to take control of their wealth and put it into sound money, Bitcoin specifically, I want to take that opportunity to share my story.”Īccording to Bitwage CEO Jonathan Chester, “When we first started in 2014, Bitcoin payroll was just a niche for cypherpunks and crypto anarchists. “I have a percentage of my salary paid in cryptocurrency that is direct-deposited into my wallet.”Ĭrognale stated that by making this move public, he hopes to inspire others. The Bitwage platform allows me to dollar-cost average into Bitcoin with ease and without transaction fees,” he said. “I have been buying Bitcoin since 2020 using various exchanges, Coinbase, Binance, CashApp, I’ve tried them all. In order to get more serious about his bitcoin journey, Crognale knew that he needed to find a dependable system for investing. ![]() When looking at Bitcoin, Crognale saw a panacea to the country’s financial ills: “The predictable supply of Bitcoin makes it resistant to inflation, and not in the control of any one entity or government body.” Quantitative easing was necessary to keep our country from falling into a depression, but the long term impact was understated, if mentioned at all.” “The more stimulus money pumped into the economy, the less the dollars in our pockets are worth. “The United States Federal Reserve responded to the damaging impact of COVID-19 lockdowns by printing massive amounts of US dollars,” he said. Over the course of the pandemic, Crognale states that he “became increasingly interested in store of value properties.” His background in economics encouraged him to do a deeper dive on what was happening behind the scenes in regards to monetary policy. The move is reminiscent of spring 2021 when professional soccer player Achara Ifunanyachi – a forward for Toronto FC – went public with his Bitcoin payroll allocation, also with Bitwage. In early September, Crognale received 15% of his USL paycheck in bitcoin. 13, 2021 (GLOBE NEWSWIRE) -Īlex Crognale, a defender for the USL Championship club Birmingham Legion and founder of a new social impact focused startup Parichute, has gone public with his association with bitcoin and cryptocurrency payroll service Bitwage.
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