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Business

Mesa business offers employees cryptocurrency wages

Posted 4/27/21

Autoline Industries, a Mesa business, is offering employees the option to receive all or a portion of their pay in Bitcoin.

Autoline Industries is a manufacturing and distribution company based in …

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Business

Mesa business offers employees cryptocurrency wages

Posted

Autoline Industries is offering employees the option to receive all or a portion of their pay in Bitcoin.

Autoline Industries is a manufacturing and distribution company based in Mesa. It is a multi-brand company specializing in aftermarket automotive performance parts, and mil-spec components for defense, aerospace and commercial industries, according to a release.

“The cryptocurrency market has advanced tremendously, with Bitcoin value climbing at a rapid rate,” Nick Jackson, founder and president of Autoline Industries, said in the release. “Congruent with the ever-evolving market, Autoline is excited to move forward with utilizing the digital currency to offer an alternative option for employees to receive payments.”

Using a crypto payroll will allow more freedom over funds and quicker deposits due to the decentralized ledger cryptocurrencies are based on. Autoline employees will have the options of allocating a portion or the entirety of their paychecks into Bitcoin or refuse the cryptocurrency for fiat money. Interested employees can enroll immediately to ensure Bitcoin payments will be available in their digital wallets as soon as the next pay period, the release states.

The company’s relationship with BlokForge helped preestablish Autoline’s involvement with Blockchain technology. BlokForge was founded in 2017 to supply mining equipment and accessories to the end user, the release states.

“Our company has strongly believed that Bitcoin and blockchain technology are the future, which is why we chose to establish our home in Mesa,” Mr. Jackson said in the release.

Autoline settled into the old Sunkist factory in 2017 after rehabilitating the historic building due to the city’s innovative approach to technology. The East Valley is progressively establishing a comprehensive portfolio of industries, growing businesses in the technology, advanced manufacturing, and aerospace and defense sectors. With the support from leaders like Rep. Jeff Weninger, the city of Mesa is steadily becoming a hub of innovation, technological advancements and business opportunities, the release states.

As an early adopter of Bitcoin, Mr. Jackson believes the decision to offer the cryptocurrency as a valid payment method for employees, is “consistent with Mesa’s progression,” he said in the release

For more information, go to autolinemfg.com.