Bitwage: International Payroll Platform Helps Freelancers Escape Bitcoin Volatility and Liquidity Issues
Freelancers, employees, expat workers and startups in developing countries such as Argentina, the Philippines and Indonesia often struggle in settling transactions with banking systems, remittance outlets and mobile payment networks. Over the past few months, bitcoin startups including Bitwage, Coins.ph and Bitspark have been providing various bitcoin services to assist expat workers to send payments internationally efficiently, with low transaction and conversion fees. This week, Bitwage announced local support for users in Brazil, Mexico, Philippines and the Eurozone, allowing....
Related News
Bitso has begun offering Bitcoin payroll services to Mexican workers. Thanks to a partnership with payroll service Bitwage, the cryptocurrency exchange now allows workers to be paid in Bitcoin and receive pesos. Bitcoin helps Mexico’s workforce become global. According to Bitso CEO Pablo Gonzalez, expanding payroll to Bitcoin expands opportunities for Mexican workers, especially freelancers, to find work internationally, as well as cut down on logistics and transaction feeds of being paid in their own currency. He says: “In Bitso, we are all about empowering Mexicans with real Bitcoin....
Today, we have an interview with the founder of Bitwage, a company that aims to pay workers with bitcoin that in turn pay bitwage through wire transfers. The instructions are fairly straight-forward. Bitwage will send you a bank number, you tell your employer to wire transfer your paycheck to said bank number and voila, bitwage will then pay you in bitcoins. What is Bitwage? “Bitwage is the largest bitcoin payroll provider in terms of users and volume. We make it incredibly easy for anyone to send and receive wages in bitcoin. We offer three main solutions, payroll individual, payroll....
Bitwage is an international bitcoin payroll provider. The company offers a service that enables users to receive their wages in bitcoin. Bitwage is trying to introduce the future of international payroll. Companies using Bitwage can reduce payroll costs, and other benefits while being able to increase visibility into the payment process. Bitwage developed an app that simplifies the payroll process for people working abroad. The company allows employees to both receive a wage and pay for goods and services in Bitcoin. Through Bitwage, people no longer need to have a bank account to receive....
Many freelancers living in Brazil are making a living online, yet collecting payments can be a struggle depending on the recipient’s access to financial services. BitWage is on a roll as of late, and the company announced blockchain-based payroll processing and invoicing services for Brazilian customers. Given the company’s focus on international payments, Brazil can be a huge market for Bitwage. With many freelancers active in the country, offering alternative methods of getting paid becomes even more necessary. What makes the invoicing solution provided by BitWage so appealing is how....
Bitwage is making international payroll better and easier. Companies using Bitwage reduce payroll costs, increase transfer speeds, and have access to unique payroll tools that cannot be offered through traditional means. The average cost of paying employees overseas is 8% from flat fees and exchange rates, 3-5 business days and the stress of having no insight into payment flow process. Bitwage allows Employees to both receive a wage and pay for goods and services in Bitcoin. However, being paid in Bitcoin has been difficult for customers concerned about the volatility of the Bitcoin....