FF News Logo
Saturday, April 11, 2026
Bottomline x FFNews

Breaking News

MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments MPE 2026: Wolt on Achieving An Invisible Checkout How Fintech-Powered Fuel Cards Are Overhauling Fleet Expense Management Why Stablecoins Don’t Work Without Boring Infrastructure Chubb Names Kevin Rampe Global Head of Claims BPC Launches BPC Payments to Power Digital Commerce and Real-Time Money Movement Across Latin America PayPal Brings Payment Links to Canva Creators Eleos Life Secures $3M Media-for-Equity Investment from Mercurius Media Capital to Accelerate U.S. Growth Pipe Raises $16 Million in New Funding Round Led by Fin Capital and MaC Venture Capital Money20/20 Unveils Global Powerhouse Jury for The Money Awards 2026 Bottomline Now a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention DXC Introduces New Assure Smart Apps to Accelerate Insurers’ AI-Powered Transformation OutRival Launches Dedicated Insurance Vertical, Bringing AI Voice Agents to Carriers, MGAs, and TPAs Nottingham Building Society Completes Core Banking Modernisation With SBS Meow Technologies Introduces Banking for AI Agents

January 22 2021

Sequoia to pay interested employees in Bitcoin

Share this post:

Share on LinkedIn Share on WhatsApp

Sequoia Holdings LLC has begun offering employees the option to receive a portion of their salary in cryptocurrencies like Bitcoin.

“We’re excited to offer the members of our team this new benefit,” said T. Richard Stroupe, Jr., co-founder and CEO of Sequoia. “Many of our employees are enthusiastic supporters of cryptocurrency, and we’re happy to help them gain exposure to this trillion-dollar asset class.”

Under the new program, Sequoia employees may elect to defer a portion of their salary into Bitcoin, Bitcoin Cash, or the Ethereum platform’s ether. The company is partnering with a third-party payroll processing firm to withhold taxes and convert the remainder into cryptocurrency, which will be held in a digital wallet administered by the payroll processor.

The mechanism is similar to how an employee would defer a portion of his or her salary toward a 401(k) retirement savings plan. In this case, though, the deferral is after tax.

Russell Okung, an offensive tackle for the Carolina Panthers of the National Football League, recently made headlines for becoming the first professional football player to receive a portion of his salary in Bitcoin, in much the same way that Sequoia employees may elect to.

“Cryptocurrency has emerged as an important alternative to traditional investments like stocks and bonds,” Stroupe said. “We’re proud to give the members of our team the ability to easily invest in cryptocurrency and build their savings.

  1. MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments

    Event Videos 2026

     Read more
  2. MPE 2026: Wolt on Achieving An Invisible Checkout

    Event Videos 2026

     Read more
  3. How Fintech-Powered Fuel Cards Are Overhauling Fleet Expense Management

    Thought Leadership

     Read more
  4. Why Stablecoins Don’t Work Without Boring Infrastructure

    Thought Leadership

     Read more
  5. Chubb Names Kevin Rampe Global Head of Claims

    Insurtech

     Read more
FinovateSpring | FFNews
More On