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Exclusive – City boss puts staff on gold payroll to beat inflation: ‘It did not make sense to pay them in pounds’

Staff at a financial services firm in the City of London have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation.

TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other companies are now beginning to offer crypto to their staff.

Speaking exclusively to City A.M. this afternoon, Parry said that “with the cost of living crisis going from bad to worse, it didn’t make sense to continue offering pay hikes in pounds when its value is being eroded further with every passing day. It was like putting a bandaid over an open wound.”

Wealthfargo
Wealthfargo

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