The International cryptocurrency payroll and human resources service provider Bitwage has recently launched Bitcoin Cash (BCH) payrolls which will enable the US, EU, and UK companies to pay workers in BCH via Bitwage.
The significance of this new launch by Bitwage, which is also an advanced job search site especially focused on the needs of remote workers, is that anyone working for a US, EU or UK employer can now receive a portion of their wage in BCH by signing up to the service. Companies can also sign up to fund payrolls in BCH or to offer BCH to their employees and freelancers.
Commenting on the launch, Bitwage CEO Jonathan Chester said that as cryptocurrency becomes more mainstream, employees and freelancers are looking to diversify their portfolio of cryptocurrency. Bitwage is making it easier for workers around the world to accumulate their favorite cryptocurrency, through passive dollar-cost-averaging.
Bitwage, a facilitator of cross-border payments for clients, their employees, and contractors, has been providing direct Bitcoin deposits since 2014, and reportedly already serves over 30,000 people including employees, freelancers, and independent contractors. It has also reportedly raised around $1 million in total funding from several investors such as Draper Associates, Orange, and BPI France.
According to reports, the company added BTC to its payroll on public demand. Earlier this year, the company had expanded beyond just Bitcoin by launching support for ETH payrolls. Shortly after that, it took a customer survey to learn what else its users wanted and discovered that there was a demand for more cryptocurrency payment options. Bitcoin Cash, as a consistent top four digital asset, offering low fees and fast transactions, was a natural choice to add.
Interestingly, Bitwage’s services are currently used by several corporate bigwigs. The company’s website says that the service has been used by workers of Google, Facebook, Uber, Airbnb, American Express, GE, Comcast, and other corporations as well as public institutions such as the World Health Organization.