Wagepoint Payroll Software Becomes First to Integrate Bitcoin
A Canadian start-up will be launching a "bitcoin integration" on Monday, November 25th which will allow employers of small-to-medium businesses pay a part of their employees' paycheck in Bitcoin - making getting paid at the end of the week a worthwhile investment. A partnership between Wagepoint and Canadian Bitcoin exchange Wagepoint makes this whole thing possible (VirtEx also partnered with Robocoin to make a Bitcoin ATM). "Bitcoin is gaining traction as a mainstream currency, and as more merchants sign up to accept Bitcoin, it is inevitable that this virtual currency will find its way....
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It's official, bitcoin-based payroll is coming to North America. Online payroll management firm Wagepoint is planning to integrate the feature into its product for Canadians next Monday, with a US rollout expected in January. Virtex's role. The Halifax-based company is working with incumbent Canadian exchange Virtex to transfer payments into bitcoins for its customers' employees. Employees must set up a bitcoin wallet themselves (employers cannot do this for them) and tell the system how much of their net pay they want converted into bitcoins. Wagepoint then converts this amount via Virtex....
Companies in the United States can now automatically pay their employees in bitcoin. Wagepoint, the Canadian payroll service that works with companies to facilitate paying employee paychecks in bitcoin, announced Monday that they have expanded their bitcoin payroll services to the United States and can accommodate small and medium-sized businesses in all 50 states. The magic is done through the Wagepoint online app, which can "handle direct deposits, government remittances / reporting and all year-end reporting for both salaried and hourly employees. Shrad Rao, CEO of Wagepoint, told CCN....
Buying bitcoin from exchanges can involve lots of hoop-jumping, as customers navigate complex and tedious registration and transaction processes. Some people are now cutting through the whole tangled mess, and having their employers pay them in bitcoin directly. Canadian firm Wagepoint has been helping companies do this north of the border. Wagepoint, a startup based in Waterloo and Nova Scotia, Canada, offers Canadian and US companies an easy way to process payroll online. The firm handles payroll deductions for tax purposes and files all the necessary paperwork electronically. It has....
An increasing number of employees are opting to receive payments via Bitcoin. According to a Waterloo payroll firm, ten firms have signed up for their salary to be paid in Bitcoin. The CEO of Wagepoint, Shrad Rao, said the firm added the option in November of last year and was not expecting very many people to sign up. Not only have a surprising number of employees signed up for Bitcoin payments, but customers have come to Wagepoint specifically because of their Bitcoin integration. What's interesting is that we've actually had customers come to us because of the (Bitcoin) integration,....
Bitwage has launched a new bitcoin-based payroll product that allows American companies to pay employees outside the US in their local currency. The company's first partnership as part of its international push is with bitcoin exchange Coins.ph, and allows firms to quickly and cheaply pay workers in the Philippines - even if they don't have a bank account. Jonathan Chester, founder and Chief Strategy Officer of Bitwage, told CoinDesk he sees bitcoin as the singular payment protocol for paying people across the globe. He explained: "The core of our products is basically trying to figure out....