Arkansas is offering remote tech workers $10,000 in bitcoin to move to there

  • Date: 15-Jan-2022
  • Source: CNBC
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Arkansas is offering remote tech workers $10,000 in bitcoin to move to there

The , a nonprofit organization, is offering remote tech professionals and entrepreneurs to move to the region. , the largest cryptocurrency by market value, is currently trading at around $42,893, according to Coin Metrics. Why bitcoin? "Northwest Arkansas is experiencing explosive growth in the tech sector, specifically within blockchain-enabled technologies, and this incentive embraces the growing trend of cryptocurrency as a payment option by employers," its . The incentive is part of the NWA Council's "Life Works Here" campaign, which is funded by the . When it first launched in 2020, the NWA Council initially offered $10,000 cash as an incentive program. It recently decided to add the option for remote workers to accept the amount in bitcoin instead, although they can still choose cash if they prefer. "While we've had overwhelming interest in the initial incentive program, we're continuing to seek out unique and in-demand talent in the STEAM and blockchain professions," the website says. In order to be eligible, applicants must relocate to Northwest Arkansas, which includes Washington and Benton counties, within six months of acceptance to the program and sign a one-year lease or buy a home. Applicants also must be at least 24 years old, have