like Bitwaj Today, the company celebrated its 10th anniversary, highlighting its growth in enabling payroll solutions using Bitcoin and cryptocurrencies. Since 2014, Bitwage has focused on bringing transparency and efficiency to global workforce payments.
Bitcoin and cryptocurrency payroll platform Bitwage has announced that it now serves over 4,500 registered businesses and 90,000 registered users who use its services to pay employees in Bitcoin and stablecoins.
Bitwage enables businesses and individuals to send and receive payments using Bitcoin and cryptocurrencies. This provides an alternative to traditional payroll and bank transfer services.
There is a growing demand among employees and employers to use Bitcoin to pay employees. For remote workers who get paid by international clients, receiving salaries in Bitcoin can avoid expensive foreign exchange fees and delays. At the same time, paying contractors in Bitcoin can save businesses money compared to bank transfers. Bitwage handles the transfer process seamlessly on both ends.
Bitwage is set to process over $400 million in payroll transactions this year. The company has also raised $3 million in funding from investors like Tim Draper, who said Bitwage “has pioneered global payroll integration using Bitcoin and stablecoins.”
According to Bitwage CEO Jonathan Chester, the company’s core mission is to promote financial freedom through innovative payroll solutions. After 10 years of working at the intersection of payroll and cryptocurrency, Bitwage aims to continue improving pay for the global workforce.