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90% of Binance Exchange Employees Receive Salary in BNB cryptocurrency



90% of Binance Exchange Employees Receive Salary in BNB cryptocurrency
Source: Unsplash

An interesting news that will spice up your day. Binance revealed this week in an event at the Lichtenstein Cryptoassets Exchange (LCX) is that around 90% of Binance clients are interested in receiving their payment through BNB tokens.

The news came to limelight when Michael Arrington, Managing Director of Arrington XRP capital met with the Binance CEO Changpeng Zhao at Lichenstein this week. He was really impressed by Zhao in a short meeting by calling him “one of the smartest business tycoon of our time.”

Though accepting a salary in cryptocurrency might seems to be extremely risky for other platforms and also for the clients but trust me the research has proved that BNB is the most trustable alternative to do so.

BNB also titled as Binance Coin is the widely used token of Binance, the leading cryptocurrency exchange across the world. Binance developed BNB in the year 2017 in order to embrace enough funds to financially support the development and the working of the system and in return the firm has kept on purchasing back the BNB with the extra income generated by the firm.

It can be said that Binance plays a smart move and is well versed with the market strategies. In a short discussion with Arrington, Zhao revealed this 90 % of clients want to be paid with BNB so that they can indirectly contribute to the industry. Binance is comparatively one of the few businesses among crypto space that pay the majority of its clients through crypto.

Despite having the acute pressure of marketing BNB has placed itself well and upgraded with 15% this year. Instead of having a continuous hit of $24.91 BNB tried to gear with 60% to $9.83. Though this may seem to be a total loss to the other platforms BNB has actually proved better from other significant cryptocurrency YTD.

Apart from Binance, there are many other industries and projects that attempted to place them at zenith by adopting the decentralized apps and other cryptocurrencies. ETHBerlin comes under the same category, by replacing all the centralized methods with that of the decentralized apps.

From August, ETHBerlin started regulating with dApps in different sectors including booking hotels for the speakers, conducting raffles and for other related operations.

Coming to BNB it is ranked on 16th position in the AltDex 100 Index (ALT 100), which is mainly an index that marks the position for large-cap tokens and cryptocurrencies. The team is working hard to come up with more features that will probably place them at a higher position.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Rupali Sinha is a journalist at Koinalert. She covers the latest news and updates related to Blockchain technology and cryptocurrencies.