BitPay’s Bitcoin Payroll now available though Zuman and Incoin
BitPay, the global leader in bitcoin payment processing, announced today at Money2020 that two payroll service providers, Zuman and Incoin, are now using its payroll API to enable employees to receive any portion of their wages in bitcoin.
Zuman is a cloud-based HR solution that handles payroll, benefits, and talent management for high growth companies. Their dedication to innovation and cost efficiency drives their decision to support bitcoin payroll.
“Offering employees choices through payment alternatives on payday is a part of what Zuman is all about,” said Doug Devlin, co-founder and CEO of Zuman. “Through our partnership with BitPay, we will be able to better help companies that are moving beyond their startup phase attract and retain high value employees.”
Incoin offers a convenient user interface for employers to pay their employees, without the hassle of having to switch payroll providers. Their simplified payment process makes payroll processing effortless for employers.
“Incoin is the best option for any employer who wants to give more freedom and incentives to employees,” said Cody Littlewood, CEO of Incoin. “BitPay has been a crucial partner to us. Their knowledge and commitment to Bitcoin, combined with their integration options, were deciding factors for us to use BitPay’s API versus competitors.”
BitPay’s Payroll API supports multiple currencies and can send payments to any bitcoin wallet. Employees who opt to take a portion of their after-tax earnings in bitcoin will have it seamlessly deposited into their bitcoin wallet each pay cycle. BitPay’s API makes the exchange rate available to the employer, so that the employee can properly account for the cost basis of the bitcoin that they earned.
"There’s no need to buy bitcoins any longer, when you can receive them as part of your normal paycheck,” said Tony Gallippi, Co-Founder and Executive Chairman of BitPay. “With Zuman and Incoin, employers can enable employees to have bitcoins automatically sent to any bitcoin address, in any bitcoin wallet, worldwide."
About BitPay
BitPay is the global leader in bitcoin payment processing with offices throughout North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.
BitPay: https://bitpay.com/
Related News
Bitwage has announced the beta launch of a new service that allows employees and independent contractors to receive part of their paycheck in bitcoin, even if their employers don't offer the option. Called Bitcoin Payroll for the Individual, or BP(i), the launch from California-based startup follows a notable announcement from its competitor BitPay, which revealed that payroll service providers Zuman and Incoin had integrated its payroll API yesterday. In an interview with CoinDesk, chief strategic officer Jonathan Chester emphasized how the BP(i) product brings a new twist to existing....
Payroll in Bitcoin has just reached Germany, with payment processors BitPay and PEY partnering to allow Germans to make their living in cryptocurrency. Salary to be paid in cryptocurrency. Last week, Bitcoin payment processor BitPay announced that they had begun a new partnership with PEY, a German Bitcoin payments venture. The Hanover-based company broke the announcement on their site as well, joining Canadian gaming company OPSkins and American human resources company Zuman in using BitPay’s Bitcoin payroll API. PEY will be debuting Bitcoin payroll with t3n, a technology publication,....
PEY, the German bitcoin payment solutions company is using Bitpay's bitcoin payroll API to provide payroll service to t3n. We can send funds across the world using bitcoin, we can also use it to pay for goods and services and we can also trade it against other currencies and commodities. When we can do all these things with bitcoin, why can’t we just get paid in the same digital form which we can spend comfortably? Actually, we can. There are many such services that allow companies to pay their employees’ salaries in bitcoin. It is just a matter of adoption and not many companies have....
With Bitpay Payroll Services, you now can ask your employer to pay you in Bitcoin! ATLANTA-(BUSINESS WIRE)-BitPay, the world's largest payment processor for virtual currencies, announces a beta release of their bitcoin payroll API for employers, which allows their W-2 employees to receive a portion of their net pay in bitcoin. "Since all payroll and withholding taxes are taken out first from the employee's gross income, bitcoins can be sent from the net pay tax-free, and the employer's gross income reporting to the IRS remains unchanged." The Bitcoin Payroll API is designed for employers....
The payroll provider will leverage the wallets of Casa and Edge to streamline and automate payroll in bitcoin for businesses and governments.