Introducing Get Paid In Crypto (GPIC) - Receive A Portion Or All Of Your Income In Crypto
June 3, 2021
What Is Get Paid In Crypto (GPIC)?
Get Paid In Crypto is a first-of-its kind feature available through the Digifox app that allows you to receive a portion or all of your income in the form of cryptocurrency. It doesn’t require employer approval, will be available to nearly one billion people across the globe initially, and historically speaking, is one of the best ways to gain exposure to the cryptocurrency market.
Why Would I Want To Get Paid In Crypto?
For many, investing in crypto is a nightmare, and unfortunately, the only way someone could gain exposure to the market for the last decade was through purchasing it through exchanges. This leaves users with questions like, “Is it the right time to get in? How much is enough?” Digifox is here to change this.
Historically, averaging into cryptocurrency markets over time has been one of the best strategies to invest in crypto. Buying when it’s both low and high helps to mitigate the market ‘volatility’ and ride the broader wave of bitcoin and other cryptocurrencies over the long-term.
With Get Paid In Crypto, you’re able to easily segment a portion or all of your paycheck to crypto, gaining exposure gradually over time, and not having to worry so much about the short-term moves in the market. This is also referred to as dollar cost averaging, and it holds up historically well in the stock market, precious metal investing, and crypto.
Want to see for yourself? Take a look for yourself and try this tool from dcaBTC that shows the power of dollar-cost averaging, it’s truly eye opening. After a while, even considering the major upswings and 80% corrections bitcoin can tend to have, in under two years, your bitcoin holdings would still be worth many times over your original savings had they remained in dollars, and would have heavily outpaced the returns you’d make with recurring investments in stocks or gold.
For example, if you received $100 of your bi-weekly paycheck in the form of bitcoin for the last five years, your original $13,100 would have grown by 1,312.16% to nearly $185,000!
Many theorize cryptocurrencies are an emerging form of savings or ‘store of value’, that helps to combat the general decline in the purchasing power of your savings, broadly known as inflation.
How Does It Work?
We’ve made it incredibly simple, and it’s broken into three simple steps:
Determine your allocation (Amount of your paycheck, % of BTC, ETH & LTC)
Setup your wallet (Generate a local wallet or savings account)
Contact your employer (We’ll generate a streamlined email just for you)
That’s it, it’s really that simple. We walk you through the entire process, and if you ever need support, our real, human customer support is here to help make sure you get across the finish line.
GPIC is a ‘one-and-done’ feature, meaning once you’ve set it up, you’ll continue to receive a portion of your salary in crypto, so long as you continue to work at your existing job or don’t instruct your employer to stop sending funds to your account.
Can I Gain Access To GPIC?
Nearly 1 billion people from the US, UK, and EU will be able to access GPIC from launch, but the feature won’t be made available to everyone at the exact same time.
If you’re eager to be one of the first users to access the feature, our waitlist is live within the app, and the more friends and family you refer to Get Paid In Crypto, the higher you’re placed in the queue.
We’re extremely eager to bring this feature to the crypto space this summer. It’s been months in the making, and I couldn’t be more proud to finally share it with you all. It couldn’t have been possible without the team at Digifox, as well as our partner Hedge, the provider who’s powering this feature for our users
At Digifox, our core goal is to provide better financial opportunities to everyday people. This is just one of many steps we aim to take in delivering that decade-long vision.
Founder & CEO of Digifox
Digifox is an all-in-one finance platform. Earn 50-100x more on your interest, buy crypto, and send money globally.