Crypto

Arkansas offers remote technicians $10,000 in bitcoin to live on – Reuters

The Northwest Arkansas Council, a nonprofit organization, is offering tech professionals and remote entrepreneurs $10,000 in bitcoin to move to the area.

Bitcoin, 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 technology sector, particularly blockchain-enabled technologies, and this incentive embraces the growing trend of cryptocurrency as a payment option by employers,” it reads. on your website.

The incentive is part of the NWA Council’s “Life Works Here” campaign, which is funded by the Walton Family Foundation. When it 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, though they can still choose cash if they prefer.

“While we generated considerable interest in the initial incentive program, we continue to seek unique and sought-after talent in the STEAM and blockchain professions,” the website states.

To be eligible, applicants must move to northwest Arkansas, which includes Washington and Benton counties, within six months of accepting the program and sign a one-year lease or purchase a home.

Applicants must also be at least 24 years old, have at least two years of work experience, currently live outside the state of Arkansas, and be a US citizen or have the required credentials to legally work in the United States, according to the program. website.

In addition to cash, the NWA Council also offers remote workers a bike, highlighting area mountain bike trails, or free memberships to local theaters and museums.

So far, more than 35,000 people have applied in more than 115 countries and 50 states, according to the NWA Council.

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