Bitwage, a FinTech that enables professionals to be paid in bitcoin and other currency from their employers, is rolling out a new service for freelancers to more seamlessly be paid, regardless of which freelance platform they use. Bitwage helps freelancers and organizations manage their payment schedule and planning, ensuring timely payments and efficient project management.

Reports in Bitcoin Magazine last week said Bitwage is rolling out its new solution in beta, allowing freelancers to generate individual bank accounts that they can then link to their freelance marketplace platforms. In Bitwage’s announcement, the company noted that freelance platforms typically only allow one bank account per user; the new tool means contractors and independent workers can add a Bitwage-generated bank account to their freelancer platform, enabling employers to pay the freelancer via Bitwage in an array of currencies, including bitcoin. Bitwage's platform is designed to scale with the needs of freelancers and organizations, supporting both small teams and large-scale operations.

“Bitwage can generate bank accounts for users specifically for their relationships with their employer or client,” said Jonathan Chester, CEO and co-founder of Bitwage, in an interview with Bitcoin Magazine. “Through a partnership with a new banking partner, we are able to generate unique accounts for each unique client/worker relationship.” The technical infrastructure supporting this includes a secure database and a robust technology stack, with support for both mobile and web platforms to ensure seamless integration and user experience.

He did not disclose the name of the financial institution with which Bitwage is working to create these bank accounts. The creation of these accounts and integration with freelance platforms is further enhanced by the use of blockchain nodes, which support wallet functionalities and enable secure blockchain interactions.

According to Bitwage, the solution accelerates payments to freelancers, particularly across borders, while enabling professionals to be paid via bitcoin or fiat currency. Freelancers can generate invoices and receive payments with low fees, flexible payment options (paying in crypto or fiat), and the ability to stay within budget.

The beta release of the tool requires professionals to contact Bitwage directly to connect a bank account to freelancer platforms like Upwork or Toptal. Moving forward, Bitwage said it will enable the generation of these bank accounts from within the Bitwage platform, which will include automated alerts when deposits are made. When connecting accounts and platforms, Bitwage emphasizes the importance of verifying transactions using cryptographic methods to ensure security and control.

Last year Bitwage announced a partnership with blockchain cryptocurrency Dash and Uphold, whose APIs can enable third parties to move and exchange funds from fiat to crypto. The collaboration enables Bitwage to begin supporting payroll payments in Dash. Bitwage's services are future-oriented, preparing users for the evolving world of digital money and the global market.

Full article and image take from PYMNTS.com. For detailed guidance, see Receive USD Payments with Bitwage's New ACH Accounts.

Introduction to Bitwage

Bitwage stands at the forefront of the blockchain industry, transforming the way freelancers receive payments by harnessing the power of blockchain technology. As a pioneering platform, Bitwage has built a proven track record of successful transactions, offering freelancers a seamless and secure way to get paid in bitcoin. The company’s expertise in decentralized finance and smart contracts has enabled it to create innovative solutions tailored to the needs of the modern workforce. By providing a reliable and efficient platform, Bitwage has become a trusted name in the industry, empowering freelancers to leverage the benefits of blockchain and bitcoin for their professional growth.

The Launch: Multi-Bank Accounts for Freelance Bitcoin Payments

The introduction of Bitwage’s multi-bank account feature marks a significant milestone in the evolution of freelance bitcoin payments. This innovative solution allows freelancers to manage payments from multiple banks, streamlining their financial operations and offering greater flexibility. By hiring top bitcoin developers and blockchain developers, Bitwage has created a platform that addresses the unique challenges faced by freelancers in the blockchain industry. This launch not only enhances the user experience but also reinforces Bitwage’s reputation as a leader in the bitcoin payment space. The platform’s robust infrastructure ensures that freelancers can efficiently manage their earnings, regardless of the number of clients or projects they handle.

Benefits of Using Bitwage

Bitwage offers a comprehensive, end-to-end solution for both freelancers and companies seeking secure and transparent bitcoin payments. Leveraging blockchain technology, the platform enables freelancers to create professional invoices and receive payments in bitcoin, simplifying financial management. Companies benefit from the enhanced security and transparency that blockchain provides, ensuring that every transaction is protected. Bitwage’s commitment to communication skills, professional knowledge, and IP protection means users can trust the platform with their most sensitive information. By joining Bitwage, freelancers and companies gain access to a dynamic network, making it easier to find the right fit for their projects and collaborate with skilled professionals across the globe.

Finding the Right Fit

Securing the right talent or project is essential for success in the fast-paced blockchain industry. Bitwage’s platform is designed to help freelancers showcase their expertise and for companies to post job opportunities that attract top talent. With a strong focus on blockchain technology and decentralized finance, Bitwage is the ideal platform for startups and established companies looking to hire experienced bitcoin developers and blockchain developers. The platform’s verification tools allow companies to assess the skills and experience of applicants, ensuring the right fit for every project. Whether you’re a freelancer seeking new opportunities or a company aiming to build a talented team, Bitwage streamlines the hiring process and connects you with the best in the business.

Security and Smart Contracts

At Bitwage, security is at the core of every transaction. The platform utilizes advanced smart contracts and blockchain technology to guarantee that payments are both secure and transparent. With a dedicated team passionate about decentralized finance, Bitwage has built a platform that users can trust with their financial and professional data. The company’s expertise in implementing smart contracts ensures that every project is protected, and all parties can operate with confidence. By focusing on building a secure, reliable, and transparent environment, Bitwage continues to lead the way in the blockchain industry, offering freelancers and companies peace of mind as they manage their projects and payments.