Paybits to Launch Employee-Controlled Bitcoin Payroll Service
Las Vegas, Nevada-based Paybits has today announced the launch of what they're calling the first payroll service that allows employees of any company to convert a portion of their net pay into bitcoin directly for each pay period (be it weekly, bi-weekly, and so forth). The service will be launched in beta in August 2014, and will launch publicly later in October. The business was founded by Mr. Scott Nichols, whose idea was to make people more comfortable in using digital currency. "Bitcoin shouldn't require membership in the technocracy to acquire it. Bitcoin should be as easy to get as....
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If you want an automated way to convert a portion of your paycheck to Bitcoin, Paybits is just for you. PayBits is just exactly what I just went over, it is a service that allows you to send a portion of your paycheck that will automatically become converted to Bitcoin. Paybits offers an employee-controlled payroll-to-bitcoin service. With Paybits any employee in any company can get some of their pay in bitcoin. It is a unique offering because it doesn’t require the direct participation of either your company or payroll service provider. The Paybits model allows an individual to acquire....
Just several days ago we brought you news of a new service called Paybits. Paybits effectively allows employees to control how much of their paycheck gets converted to bitcoin, but yet another company is coming on the scene to help out with bitcoin payroll. Dubbed Bitwage, the company took to social sharing website Reddit.com to submit their press release. What they are offering is a service that serves as "the first formal bitcoin payroll service." As of today, the payroll service has launched in the form of a private alpha, and the company says this alpha has been designed for smaller....
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....
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....
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....