Amagi Metals to Pay Entire Staff in Bitcoin
Amagi Metals. Precious metals dealer Amagi Metals has announced a partnership with bitcoin payroll processor Bitwage that will allow Amagi to pay the company's entire staff in bitcoin. Employees still have the option to receive a portion of their salaries in fiat, but all employees will receive at least a portion of their salary in bitcoin. Also read: Amagi Metals to Ditch USD for Bitcoin by 2017. Amagi Metals to Pay Entire Staff in Bitcoin. Amagi says the move to Bitwage was not just about helping their employees have more payroll options. CEO Stephen Macaskill-who will receive $40,000 of....
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Precious metals dealer Amagi Metals announced it is now paying its entire staff in bitcoin via payroll service provider Bitwage. The move forms part of the company's plan to 'divorce' the US dollar by 2017, where it will stop accepting the fiat currency as payment method. Amagi Metals has worked with bitcoin for two years and, according to company data, 30-40% of its costumers currently pay with the digital currency. Speaking to CoinDesk, CEO Stephen Macaskill said he wanted to find a company that could handle bitcoin payroll seamlessly and test it with his own paycheck. Later, he put the....
Bitcoin-friendly Amagi Metals has announced that its entire staff will voluntarily accept a portion of individual employee paychecks in Bitcoin in 2015 through Bitwage. CEO of Amagi Metals Stephen Macaskill said the company is taking this action to advance its ability to function fully in Bitcoin going forward. Macaskill will accept $40,000 of his annual salary in bitcoin to demonstrate his support of Bitcoin. The announcement came on the heels of Amagi Metals' August 2014 decision to no longer accept U. S. Dollars after 2016. "I'm really excited about taking Amagi to the next level in....
Amagi Metals. Bitcoin accepting precious metals companies have received much attention within the retail precious metals industry over the past few years. This week, some changes have taken place. Amagi Metals has relaunched after some time offline due to internal issues. Under new management, Amagi Metals is hoping to win the trust of the precious metals retail scene, even if it is slowly. Amagi Metals relaunched under the management of Anthem Vault. As a representative posted to Reddit: Hello r/silverbugs - I want to introduce the new Amagi Metals brand that is being released under the....
Eventually, gold will only be purchasable using Bitcoin on Amagi Metals. In a surprise announcement made earlier today, Amagi Metals has revealed their plans to trade "exclusively in cryptocurrencies like Bitcoin." Amagi Metals is an American based precious metal dealer that specializes in providing precious metals, which they view as superior money, to an international market through the technological advancement now known as eCommerce. Since 2012, the company has taken a strong, supportive stance of Bitcoin and has promoted its use well beyond just accepting it on their website. In a....
Precious metals purveyor Amagi Metals announced on Friday that as of mid-August, their current bank account with San Francisco headquartered Bank of the West would be closed. In the latest case of banking aversion to bitcoin, Amagi Metals stated that the basis for the account closure is the fact that Amagi Metals accepts bitcoin as a payment method, which Bank of the West views as a risk. In their statement, Amagi Metals noted that after having had an account with BotW since 2011, they began receiving inquiries about their business last month, with the bank indicating that Amagi was a....