At a Glance:
- Shopify employees will now have the flexibility to choose between cash and stock components.
- Shopify’s New York-listed shares have declined by 65% from the peak in November 2021.
- Shopify unlocked the ability for eligible U.S. They merchants to receive bitcoin payments from customers globally.
It has introduced a new change to the employee compensation packages. The employees of Shopify will now have the flexibility to choose between cash and stock components.
Digital currency has now become a norm among the public. This has encouraged several companies to alter the employee compensation system where the staff can choose between cash or stock components. It has announced that the changes in employee compensation will take effect from the second half of the year starting in July.
Shopify experiencing a decline in shares
It has not disclosed any comments by far. The company announced the changes on Thursday afternoon. The company aimed to make the salaries more competitive at a time when the e-commerce infrastructure company’s stock has taken a dip.
Shopify’s New York-listed shares have declined by 65% from the peak in November 2021. The company is now struggling to maintain the sales surge seen during the early days of the COVID-19 pandemic.
Shopify also enables bitcoin payment
Shopify had recently integrated the platform with Strike-the world’s leading digital payment platform built on Bitcoin Lighting Network. With this collaboration, It will unlock the ability for eligible U.S. Shopify merchants to receive bitcoin payments from customers across the world as U.S. dollars.
After the amalgamation f Strike, it has enabled the merchants to accept payments across the world and save costs on processing fees with a final cash settlement. Strike integrated enabled Shopify merchants to expand the existing payment options and explored the untapped global markets and purchasing power.
Strike will also enable Shopify merchants to generate savings through low-cost payment processing. It has also removed the complexity of bitcoin transactions by delivering instant bitcoin payments conversion to dollars.
