Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
At the end of the day it comes down to fees. This company is just an exchange dressed up as something else - it is in direct competition with a company like Coinbase or any of the dozen others out there. People who really want to buy cryptocurrency will most likely go to the trouble of learning the basics and one of the earliest things you'll ever learn is where to buy it safely along with the cheapest price. So this come will either be offering better rates (which is not difficult when you look at rip-offs like Binance) or they offer better security, the latter being unlikely for a new start-up compared to these long established companies. There are all sorts of ways to market it but the end user is really just worried about those two things - it's easier than ever to buy cryptocurrency now, so this isn't a special idea.