Bitwage is a payroll system that allows employees and freelancers to receive payment in a variety of currencies, including Bitcoin, Ethereum, stablecoins, and local currencies.
What is Bitwage?
How does it work?
Why use Bitwage?
Story of Bitwage
What is Bitwage?
Bitwage is an international payroll platform that empowers workers to get paid how they want by providing a flexible and convenient payment solution. Whether workers prefer to receive their earnings in cryptocurrency directly to their wallet, or in traditional currency to their bank account, Bitwage offers a seamless and secure way to access their funds.
Bitwage doesn't store funds, instead sending them directly to the user's chosen wallet or bank account.
With Bitwage, workers have the freedom to choose the payment method that best suits their needs and preferences, ensuring a hassle-free and personalized payment experience.
How does it work?
1. Your client or employer sends funds to Bitwage
2. Once received, Bitwage will convert your pay to your desired mix of currencies
3. Finally, we sent to your wallet address and/or bank account
Why use Bitwage?
Some of the benefits that Bitwage offers are:
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- You can get paid faster and cheaper compared to international wire transfers
- You get access to some of the best exchange rates
- You can deposit directly to your crypto wallet as fast as the same day
- You can create and manage invoices among multiple clients
Story of Bitwage
Bitwage was founded in 2014 by our CTO John Lindsay and our CEO Jonathan Chester, with the vision of transforming how people receive and manage their wages by integrating cryptocurrency payments into the traditional financial system. The company was established in San Francisco and aimed to address the growing demand for alternative payment methods, particularly in the context of cryptocurrency.
The initial idea behind Bitwage was to offer a way for freelancers, remote workers, and businesses to handle payments in digital currencies, which were becoming increasingly popular at the time. The company sought to provide a bridge between the traditional banking system and the emerging world of cryptocurrencies.
Bitwage's platform allows users to receive payments in various cryptocurrencies and convert them into local currencies if desired. It also offers payroll and invoicing solutions, helping businesses and individuals manage their finances more flexibly and efficiently.
The company has grown in response to the increasing interest in digital currencies and the need for innovative financial solutions. Its services are used by a diverse range of clients, from freelancers and remote workers to larger enterprises looking to adopt cryptocurrency payments.