As Bit Salary Bitwage celebrated its 10th anniversary today and highlighted its growth in enabling Bitcoin and cryptocurrency-based payroll solutions. Since 2014, Bitwage has focused on bringing transparency and efficiency to payments for the global workforce.
Bitcoin and cryptocurrency payroll platform Bit Salary announced that it now serves over 4,500 registered businesses and 90,000 registered users who leverage its services to pay employee salaries in Bitcoin and stablecoins.
Bitwage allows businesses and individuals to send and receive payments Using Bitcoin and cryptocurrencies, this offers an alternative to traditional payroll and bank transfer services.
There is a growing demand among employees and employers to use Bitcoin for payroll. For remote workers receiving salaries from international clients, receiving wages in Bitcoin can avoid costly currency exchange fees and delays. Meanwhile, paying contractors in Bitcoin can save companies money compared to bank transfers. Bitwage handles the conversion process seamlessly on both ends.
Bitwage is on track to process over $400 million in payroll transactions this year. The company has also raised $3 million in funding from investors such as Tim Draperwho said that Bitwage “has pioneered the integrated global payroll of Bitcoin and Stablecoin.”
According to Jonathan Chester, CEO of Bitwage, the company’s core mission is to promote financial freedom through innovative payroll solutions. After 10 years at the intersection of payroll and crypto, Bitwage aims to continue improving payments for the global workforce.
