4,500 Companies Now Pay Their Employees in Bitcoin Using Bitwage

As Bitwage celebrated its 10-year anniversary at present, the corporate highlighted its development in enabling Bitcoin and crypto payroll options. Since 2014, Bitwage has targeted on bringing transparency and effectivity to world workforce funds.

Bitcoin and crypto payroll platform Bitwage introduced it now serves over 4,500 registered corporations and 90,000 registered customers that leverage its providers to pay worker salaries in Bitcoin and stablecoins.

Bitwage permits corporations and people to ship and obtain funds utilizing Bitcoin and crypto. This offers a substitute for conventional payroll and financial institution wire providers.

There’s a rising demand amongst staff and employers to make the most of Bitcoin for payroll. For distant employees paid by worldwide shoppers, receiving salaries in Bitcoin can keep away from pricey overseas change charges and delays. In the meantime, paying contractors in Bitcoin can save corporations cash in comparison with financial institution wires. Bitwage handles the conversion course of seamlessly on each ends.

Bitwage is on observe to course of over $400 million in payroll transactions this 12 months. The corporate has additionally raised $3 million in funding from buyers like Tim Draper, who mentioned Bitwage “have been trailblazers in Bitcoin & Stablecoin built-in world payroll.”

In response to Bitwage CEO Jonathan Chester, the corporate’s core mission is to advertise monetary freedom by means of revolutionary payroll options. After 10 years on the intersection of payroll and crypto, Bitwage goals to maintain enhancing world workforce funds.