Bitwage, a leading Bitcoin and crypto payroll platform, announced that it now serves over 4,500 registered companies and 90,000 users who rely on its services to pay salaries in Bitcoin and stablecoins.
As per the announcement, Bitwage enables companies and private users to send and receive money using cryptocurrencies like Bitcoin. This offers an alternative to bank wire services and conventional payroll.
Bitwage is celebrating its 10-year anniversary by highlighting its substantial growth in the industry. Since its founding in 2014, Bitwage has focused on enhancing transparency and efficiency in global payroll processes, providing an alternative to traditional bank wires.
With the increasing demand for cryptocurrency payroll solutions, particularly among remote workers and international contractors, Bitwage is on track to process over $400 million in payroll transactions this year.
The company has raised $3 million in funding from investors, including Tim Draper, who praised Bitwage as “trailblazers in Bitcoin & Stablecoin integrated global payroll.”
CEO Jonathan Chester emphasized that Bitwage’s core mission is to promote financial freedom through innovative payroll solutions, with the company committed to further improving global workforce payments as it enters its second decade.
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