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Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to.
Under the new program, employees can elect to defer a portion of their salary into bitcoin, bitcoin cash, or the Ethereum platform's ether, Sequoia Holdings said.
Also Read | To coin or not to coin?: The must-knows for the crypto-curious
Earlier this month, Bitcoin, the world's most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December.
The surge has been powered by increased demand from institutional, corporate and more recently retail investors, attracted by the prospect of quick gains.
