Wave of the future? Here comes cryptocurrency payrolls

The process of employees being paid in cryptocurrency hit the spotlight last year when NFL star Odell Beckham and Miami Mayor Francis Suarez declared they would take their salaries in bitcoin.

The question is, can companies pitching crypto payroll services make inroads with average wage-earners?

On Monday, Tennessee-based Cornerstone Global Management, Inc., which transforms payroll into Bitcoin, Litecoin, Ethereum or stablecoins through its pay conversion platform Hedge, announced its acquisition of Canada-based Paydrop via cash and stock swap, Fintech Finance News reported.