GMO Internet Inc pays 4700 employees using bitcoin

GMO Internet Inc. pays more than 4700 employees using bitcoin. The Tokyo-based Internet giant has announced a payroll system to enable employees to receive their paychecks in cryptocurrency beginning in February 2018 for the March payment period.

GMO Internet Group on Monday announced it has set up a payroll option using bitcoin for GMO Internet Inc. employees, but will gradually expand to the entire group network. The internet conglomerate has 42 subsidiaries and 4,710 permanent employees in September 2019.

The GMO Wallet service was first launched in early 2017. Each bitcoin payment amount uses the exchange rate on GMO Coins exchanges where employees who create accounts will receive bitcoin on the same day as their pay.

The company is engaged in online advertising business, Internet infrastructure, internet security and mobile entertainment. GMO Click Securities brokerage firm has become the world's largest FX provider in trading volume since 2012. The company also launched a blockchain development service for customers in July.

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General Electric quarterly profit drops 28 percent

Tinuku - US industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday. GE confirmed its full-year EPS target adjusted from $1.00 to $1.07 per share, but cut its annual cash target to $6 billion from $6 billion to $7 billion and shares down 49 percent in the past year.

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Government Business Secretary Greg Clark Monday launched the start of a Great British Space Age that will see vertically-launched space rockets and satellites take off from the new spaceport. UK Space Agency said it selected the Sutherland site because Scotland is the best place in Britain to reach highly sought-after satellite orbits with vertically launched rockets.

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The UK Space Agency is also making available a new 2.65 million U.S. dollar fund…

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