bring itThe leading Bitcoin payroll and invoicing provider, has introduced a solution that allows employers to seamlessly connect their payroll providers to the Bitwage service. This development simplifies and ensures compliance for workers who want to receive a percentage of their salary in Bitcoin, stablecoins or US dollars. Notably, this solution is compatible with several payroll providers, including ADP, Paychex, Paycom, Gusto, Trinet, and many more.
According to a press release sent to Bitcoin Magazine, what sets Bitwage apart is its custodial experience, which ensures employees receive their payments directly into the wallet of their choice, increasing security and minimizing risk.
To implement this solution, companies need to register with the Bitwage platform and connect their payroll provider through Bitwage’s automated connection. From there, Bitwage creates a dedicated post-tax feature on the payroll provider’s portal, allowing employees to sign up. Employees can then choose how much they want to be deducted from their paycheck and distributed through Bitwage.
With each pay cycle, Bitwage automatically generates payroll for each employee based on their payroll preferences, extracting the necessary data directly from the payroll system. Employees can receive their payments directly into their Bitcoin wallet, their favorite cryptocurrency or stablecoin, or even their local currency into their bank accounts.
Bitwage CEO Jonathan Chester emphasized their mission of enabling the workforce to get paid with their preferred method, be it bitcoin or fiat. “We understand that cryptocurrency can be intimidating for employers, so to enable this mission, we are building fully compliant solutions and removing the complexities and precautionary risks of cryptocurrency from the equation,” said Chester.