Wagepoint Lets US Companies Now Pay Employees in Bitcoin
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....
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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,....
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....
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....
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....
A newly released survey from Bitwage, a bitcoin-focused payroll solution provider, has revealed that 47% of bitcoin companies are open to paying their employees in the digital currency. The survey sought to assess the sentiment toward bitcoin payroll options held at more than 150 bitcoin-friendly companies, most of which were based in the US. In total, 38 companies responded, with 18 reporting they would be open to paying bitcoin wages. Of the companies surveyed, 10.5% of the employers who responded are currently paying employees, at least in part, in bitcoin. Notable bitcoin companies....