German Tech Magazine Trials Employee Payroll with Bitcoin
T3n, a German tech magazine has revealed that it will allow its employees to gain a portion of their salary in bitcoin. German tech publication t3n, an outlet that publishes technology news in both print and online media has revealed that it has been conducting a trial since November 2015 which sees its employees receive €20 worth of bitcoin, with every paycheck. The bitcoin payroll trial is due to a partnership between t3n and PEY, a Hannover, Germany-based bitcoin startup. In a blog post by the tech publication, it revealed that adopting bitcoin as a form of salary payment will help its....
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German tech magazine t3n has announced it will now allow employees to receive a portion of their salary in bitcoin. The news is the result of a partnership between t3n and local bitcoin startup PEY, which after early and more experimental work with US-based startup BitPay last January, is now developing a payment solution for bitcoin merchants. t3n said it has been conducting a trial of the payroll service since November, with employees receiving €20 worth of bitcoin with each paycheck. From here, however, workers will be able to adjust this payment, depending on their risk tolerance. In a....
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....
What's the easiest way to get bitcoins into your wallet? Answer: Get paid in bitcoin. BitPay, the world's largest digital currency payment processor, now lets employees do that with the beta release of its Bitcoin Payroll API for employers. "For the longest time the hard question was 'How do I buy bitcoin?'" said Tony Gallippi, co-founder and CEO of BitPay. "Now the answer is easy: 'Ask your employer.'". American W-2 employees (see below) can elect to have all, or part, of their salary paid in bitcoin for every pay period. It works as a 'net payroll deduction', meaning taxes and garnishes....
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....