Bitwage, a leading provider of Bitcoin payroll and invoicing, has introduced a solution that allows employers to seamlessly connect their payroll providers to the Bitwage service. This development simplifies and ensures compliance for workers who want to receive a percentage of their salary in Bitcoin, stablecoins or USD. Notably, this solution is compatible with various payroll providers, including ADP, Paychex, Paycom, Gusto, Trinet and many others.
According to a press release sent to Bitcoin Magazine, what sets Bitwage apart is its non-custodial experience, ensuring that employees receive their payments directly to the wallet of their choice, increasing security and minimizing at risk.
To implement this solution, companies need to sign up on the Bitwage platform and connect their payroll provider through the Bitwage Automated Connection. From there, Bitwage creates a custom, post-tax benefits portal on the payroll provider, which allows employees to opt-in. Employees can choose the amount they want to be deducted from their salary and distributed through Bitwage.
In each pay cycle, Bitwage automatically creates a payroll for each employee based on their payroll preferences, pulling the necessary data directly from the payroll system. Employees receive their payments directly in their preferred Bitcoin, crypto or stablecoin wallet or even as their local currency in their bank accounts.
The CEO of Bitwage, Jonathan Chester, emphasized their mission to pay workers in their preferred method, whether it be bitcoin or fiat. “We know that crypto can be intimidating for owners, so to accomplish this mission, we create fully compliant solutions and remove the complexities and risks of crypto custody from the equation,” said said Chester.