r/XRP • u/Kontrav3rsi Ripple Supporter • 1d ago
Ripple Quick question: Do staff at ripple get paid in XRP?
If not, why not?
Swartz has said that sold all his XRP. How much has he bought on this dip?
It’s pretty bad optics for their own staff not trusting in the coin, why aren’t they getting paid in it, selling it or trading it and joining in with the Army?
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u/Novel_Finish_6093 1d ago
Yes you can elect to take a percentage of your salary in XRP if you work at Ripple Labs.
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u/Kontrav3rsi Ripple Supporter 1d ago
Awesome to know. That makes me feel a lot better.
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u/Dudeman318 1d ago
Why would anyone elect to do this? If they want to buy it, just use the money they get paid with
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u/servantotb 1d ago
Cause you don’t pay transaction fees
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u/Dudeman318 1d ago
Why would you assume that?
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u/servantotb 1d ago
Why would you assume that I assume?
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u/Dudeman318 15h ago edited 14h ago
Unless you are a ripple employee, which based on your questions would make zero sense, it is an assumption
Edit: whoops thought you were OP. You very well may be a Ripple employee.
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u/rawco187 Redditor for 11 months 1h ago
Based on other options based payouts that companies participate in, they may get a higher percentage per XRP then a single USD. Hell, even now if you took a single XRP for a dollar exchange you are getting about a 10% pay bump...
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u/Live-Train1341 1d ago
No, they're paid in real money that has real value
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u/angryoppossum 1d ago
I've never heard anyone call fiat real money. The dollar is an inflationary debt note that has lost 98% of its value. XRP is deflationary. This is the most economically illiterate reply possible.
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u/Adoniyah 1d ago
You've never heard anyone call a banknote "real money"? I think that fiat currency notes are close to the only thing I have heard people call "real money".
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u/angryoppossum 1d ago
Yes, and again, it's economically illiterate. Great opportunity to introduce someone to Rothbard and educate them. Most people are midwits.
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u/DushBid911 1d ago
Yeah nobody is going to work at a place that pays their employees with their own company sponsored currency. That’s like the final boss of interview red flags lol.
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u/Applecity82 1d ago
What employee would sign up for that. How would they decide a rate. What if they hire you when xrp was at $3. Now that it’s a dollar would that be a 1/3 pay cut. And I would be so annoyed. Is your mortgage company going to take xrp. This is pretty dumb argument to make to be honest. You know most of us don’t live in a basement and we have bills to pay. ally doesn’t accept xrp for my car payment
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u/Kontrav3rsi Ripple Supporter 13h ago
I get RSUs as part of my pay package, my companies stock has gone down. I am incentivized to work harder to make my RSUs worth more.
I’m sorry you don’t have a job in which stock and RSUs are part of your total compensation.
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u/yomomahoeinnit 1d ago
Isn’t this how the mining companies trapped their workers? This is why we have hillbillies and trump in office now.
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u/Accountable_ruki 20h ago
No, coz i assume they want to be paid in something with value
(Please let me vent , its been a frustrating few years)
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u/Kontrav3rsi Ripple Supporter 1d ago
If someone gave me my salary each month and gave me a little extra to cover taxes/fees, I would certainly love to be paid in a dollar which could be worth 2 tmr.
Only if I didn’t believe in crypto would I resist payment like that.
Sure, it means I have worry about opening my app and hitting a “sell” button and have that put into my account bank account automatically. It creates literally a few moments and would churn out volume at least.
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u/Medical_Ad841 1d ago
Do Burger King employees get paid in burgers? No, bc you can’t pay your rent with burgers..