(CoinWire) Bitwage Releases Feature that Enables Crypto Payments on Upwork, Other Freelance Platforms

(CoinWire) Bitwage Releases Feature that Enables Crypto Payments on Upwork, Other Freelance Platforms

February 17, 2019 Independent contractors in the freelancing industry are currently allowed by many platforms to use only one bank account. Aside from limitin

February 17, 2019

Independent contractors in the freelancing industry are currently allowed by many platforms to use only one bank account. Aside from limiting freelancers to only use fiat, this can cause delays especially when employees work offshore.

In order to solve these problems, Bitwage is launching a new feature, enabling people to have multiple bank accounts to flawlessly process payments for salaries and to accept cryptocurrencies. The new feature is presently in beta.

Jonathan Chester, the co-founder and CEO of Bitwage, stated: “Bitwage can generate bank accounts for users specifically for their relationships with their employer or client. Through a partnership with a new banking partner, we are able to generate unique accounts for each unique client/worker relationship.”

Chester said that these unique accounts let immediate confirmation of receipt of funds, simpler accounting management, and the ease of getting paid from any employer, client, or platform anywhere, anytime.

In short, Bitwage allows smooth payment transactions for a much more diverse base of users.

“A freelancer can receive from Upwork, freelancer, Toptal, etc and get paid in BTC or through crypto to receive fiat into their bank accounts faster and cheaper than the solutions offered directly on platform,” according to Chester.

He stated that the company already has users “around Latin America, especially in Brazil, Argentina and Mexico,” and there’s a great opportunity to expand.

Chester added that the company witnessed “many freelancers around the world asking for solutions that connect to freelance platforms.” The new feature is “the result of many months of planning and building relationships,” and Bitwage is “hoping to soon announce connections into some other exciting platforms.”

Although the new feature is still in beta, users can request access by messaging Bitwage through its Slack channel or sending an email to beta@bitwage.com. After the official roll out, users can sign up for an account and receive automatic updates via SMS, email, and on the platform.

“Bitwage is focused on being the global gateway between the crypto and fiat worlds in the context of worker/company relationships,” stated Chester. “We are excited to continue innovating and introducing bitcoin to mainstream applications.”

Full article and image taken from CoinWire.

Bitwage Makes Paying Global Teams Easy.

Workers choose to get paid in their preferred mix of local and crypto currencies. Ready to get started?

You might also like

USDT vs USDC for Payroll: Which Stablecoin Is Right for Your Business?

USDT vs USDC for Payroll: Which Stablecoin Is Right for Your Business?

Explore the pros and cons of USDT and USDC for payroll. Determine which stablecoin suits your business needs.

From Bank Wires to Blockchain: How Crypto Payroll is Changing Global Compensation

From Bank Wires to Blockchain: How Crypto Payroll is Changing Global Compensation

Explore the differences between crypto and traditional payroll systems, including speed, cost, compliance, and accessibility, helping you understand how blockchain is reshaping compensation.

Why Stablecoins Like USDT, USDC, and DAI Are the Future of Global Payroll

Why Stablecoins Like USDT, USDC, and DAI Are the Future of Global Payroll

Stablecoins like USDT, USDC, and DAI are transforming global payroll by enabling faster, lower-cost, and more transparent cross-border payments. In this article, we examine the limitations of traditional payroll systems, the mechanics of stablecoin-backed payments, and practical steps for integrating stablecoins into payroll processes, with a focus on compliance, automation, and employee flexibility.