Bitcoin payment company, BitPay has now joined thousands of blockchain and crypto companies that have implemented a totally remote work routine
The COVID-19 pandemic led many companies, early this year, to take their operations online and adopt the WFH approach (Work From Home). The implementation of this approach varied between partially and totally, depending on the industry and other factors involved.
The latest company to switch to a permanent remote work approach is BitPay, the world’s largest provider of Bitcoin payment services and a wallet company.
The company’s CMO, Bill Zielke, reported that BitPay employees were working in a totally remote capacity until further notice. “Thus, employees will have the option to use our offices or remain remote. We intend to have offices for meetings, training, events for clients and business meetings and events ”He added.
The crypto industry is well suited for remote work
According to Stephen Pair, BitPay’s CEO, the new approach has been a success considering that the crypto space is a predominantly Internet-based industry.
“We were following the coronavirus closely and immediately recognized its relevance and scope. As a result, the executive team has implemented a virtual plan to continue business as normal for the well-being of our employees. The work at home policy worked well, so we turned to cyberspace to continue working ”Explained Pair
It looks like a trend now, given that BitPay also follows other cryptocurrency platforms, such as Binance, by taking – for now – a remote approach.
Most employees of the crypto industry prefer remote work
The success of the new approach is also driven by the fact that most employees in the crypto industry are in favor of the idea of remote working. According to a statement from Business Wire, the vast majority of employees (85%) would choose remote work, citing that it is more productive.
Explaining the change, BitPay’s marketing director, Andrew Kelin, said: “It took me a while to adjust to working at home because I am a sociable and outgoing person. I am grateful to have this flexibility and my team is able to collaborate and work together as if we were side by side. “
BitPay teams around the world have taken the new approach. “The Argentine team said they preferred to work from home and be more productive, 86% of US employees and 75% of Amsterdam also said so”Said Zielke.