Bitwage is the global leader in Bitcoin, cryptocurrency and stablecoin payroll with services across invoicing and benefits services. The company also offers resources to employers, employees, and freelancers with their robust, online platform
San Francisco, California--(Newsfile Corp. - August 21, 2022) - Crypto payroll provider Bitwage continues to drive innovation in the crypto payroll space by offering the USD Coin (USDC), a fully-reserved dollar digital currency, on the Stellar blockchain on their platform.
Bitwage
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Using Bitwage, companies across the world now have a fully compliant, easy-to-use, and frictionless solution when it comes to paying their employees and contractors globally. Hiring talent across different continents and countries can be a major pain point - even for companies that already have an established presence in the countries they want to hire from - and Bitwage is aiming to provide a new solution with this latest implementation.
With this announcement, workers are now able to receive any percentage of their salaries they want in digital dollars, via USDC. This means lower costs, same-day deposits of their funds, the ability to store their savings in USDC, and the ability to get local currency exactly when they need it. By leveraging USDC on the Stellar blockchain, workers are given access to USDC on a low-fee blockchain that has one of the longest histories in the industry.
Here's how it works: Any company in the world can register with Bitwage today and use it to pay their workforce. After this, the company invites their workers to Bitwage's platform. Workers then choose what percentage of their salary will go into USDC, local currencies, or Bitcoin. When it comes to salary itself, companies pay the wages just like they are used to paying, without reducing overhead on their accounting or salary department. Once paychecks are funded and paid, workers receive USDC and any other currencies to addresses or bank accounts they have provided.
Bitwage has made a name for themselves in the Bitcoin payroll space, but getting paid USDC is a great alternative. If an individual needs their money right away, and they can't afford to hold it for long periods of time, USDC is a convenient option. Additionally, big companies looking for stability may not be ready to take on the occasional volatility of Bitcoin. Using Bitwage for USDC payroll with Stellar gives both individuals and companies a low-risk option to partake in the crypto payroll revolution.