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{{#seo:
|title= Bitwage. All about cryptocurrency - zaoniao Wiki
|keywords=funds, invest, Bitwage, freelance, payment service, bitcoin payroll, pay, payments in bitcoin, btc
|description=Bitwage is a bitcoin payroll and international wage payment service allowing users to be paid or pay wages. For large international companies, the transition to payments in bitcoins is a certain convenience: payments take place in a few minutes
}}

[[File:Bitwagelogo.png|400px|right|Bitwage payment service logo]]
'''[https://www.bitwage.com Bitwage]''' is a bitcoin payroll and international wage payment service allowing users to be paid or pay wages (wages in [[bitcoin]], local currencies, and/or commodities).<ref>[https://www.forbes.com/sites/jonathanchester/2015/12/03/starting-bitwage-an-international-payroll-company-that-uses-bitcoin/ Starting Bitwage An International Payroll Company That Uses Bitcoin]</ref> Bitwage create solutions for remote workers looking for work and to optimally receive their wages. Bitwage offer unique jobs, flexible distributions, reduced payroll costs and increased fulfillment speeds.
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With Bitwage, employers can pay salaries to employees in bitcoin or ether without having to bind a Bank account. This model is especially useful for those who regularly interacts with freelancers in other countries, the more that artists can get paid in their national currency.
===Main information===
* '''Country:''' United States
* '''Headquarter:''' San Francisco
* '''Type:''' Financial Services
* '''Round:''' Seed
* '''Cost:''' $0.76 million
* '''Date:''' 19-Nov-2015
* '''Investors:''' Orange Telecom, Draper Associates, Cloud Money Ventures, Saeed Amidi

== History ==
{{#ev:youtube|B3jrGkDXbBk|400|right|BitWage: The Future of Payroll}}
Founded in 2013 by John Lindsay and Jonathan Chester, Bitwage was originally created as a pure bitcoin payroll services for employers in July 2014. In November of 2014, Bitwage released a way for employees and freelancers to receive their wages in [[Bitcoin]] without requiring their employers or clients to sign up. Eventually, John and Jonathan realized that a large percentage of their volume were coming from a small percentage of their users. These were all international users. So in February 2015, Bitwage launched their international payroll services. Bitwage currently helps companies payout to their distributed workforces<ref>[http://www.pymnts.com/in-depth/2016/where-the-distributed-workforce-meets-the-distributed-ledger Bitwage Uses Blockchain For Global Payroll]</ref> and helps employees, freelancers and contractors receive their wages all over the world, including Philippines, Mexico, Brazil and Argentina.<ref>http://www.nasdaq.com/article/its-2016-what-are-bitcoins-real-use-cases-cm611665</ref>

Bitwage was part of the Plug and Play Financial Technology Accelerator and the Orange Fab Accelerator, an accelerator run by Orange Silicon Valley, which is a subsidiary of Orange S.A., France's largest telecommunications company. Bitwage competed as a finalist in BBVA's 2015 Open Talent Competition in New York. In August 2015, Bitwage performed over $1 million in payroll [[transactions]].<ref>''[https://www.bitwage.com/usage Bitwage Usage Charts]'' Bitwage. Retrieved 23 August 2015.</ref> According to PC Magazine, Bitwage has processed more than $4.5 billion worth of payments to date. In December, Bitwage officially launched in India.<ref>[http://economictimes.indiatimes.com/small-biz/startups/bitcoin-startup-unocoin-pairs-up-with-bitwage-to-improve-global-wage-distribution/articleshow/56099016.cms Bitcoin startup Unocoin pairs up with Bitwage to improve global wage distribution]</ref>

In 2017, Bitwage won the French Tech Ticket and now has offices at Station F in Paris in addition to San Francisco. In November 2017, Bitwage added 18 new currencies including the Russian ruble.<ref>[https://www.coindesk.com/bitcoin-payroll-startup-bitwage-adds-18-new-currencies/ Bitcoin Payroll Startup Bitwage Adds 18 New Currencies - CoinDesk]</ref>

==Transactions==
For large international companies, the transition to payments in bitcoins is a certain convenience: payments take place in a few minutes instead of 2-4 banking days. In addition, in this way it is cheaper to send international financial transfers. You do not need to have a Bank account to receive money.

In the case of an ordinary Bank transfer from one country to another, the payment may pass through two banks, which will take a Commission for their services, and the employee will lose another conversion from one currency to another. In General, Bitwage is more convenient in all respects.
[[File:bitwage2.png|600px|center|Bitwage scheme]]
The developers of Bitwage promise to make additional features for the service, including the calculation of bonuses and salaries almost in real time, that is, you can pay a salary at least every day.

Let us hope that the world's largest corporations will switch to such payment systems in a few years. Some have already done so. So, about 60 000 companies in the [[world]] already accept payments in bitcoins, including Dish Network, Expedia, Holiday Inn, Reeds Jewelers, Bing, The Chicago Sun-Times, Square, Overstock.com, the Sacramento Kings, TigerDirect.com et al.

The creators of Bitwage conducted a study and found that about 10% of these companies also pay salaries to employees in bitcoins. Until now, they had to make payments manually, and now they can automate payments.

== External links ==
* [https://www.bitwage.com Bitwage official site]

==See also==
* [[Invest Funds List]]
* [[ICO]]
* [[Blockchain]]

== References ==
<references />
[[Category:Companies]]
[[Category:Bitcoin organizations‎]]
[[Category:Established in 2015]]
[[Category:Services]]

Bitwage - Revision history

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