Bitwage Pays

Bitwage recently launched “International Payroll for the BitcoinIndividual,” allowing employees to receive wages internationally in local currency, from any U.S. employer. The service doesn’t require an individual to possess a bank account.

Bitwage has partnered with Coins.ph to offer Philippine users a variety of payout options, including bank transfers, cash cards, cash pickup, mobile money, door-to-door delivery and bitcoin.

“There are estimated one million Filipino professionals working for overseas companies via services like Elance and Odesk. On average, companies using traditional options pay $80 in fees for every $1000 remitted to the Philippines” said Ron Hose, CEO of Coins.ph in a press release. “In addition to offering individuals a more convenient and low cost method of receiving payments, together with Bitwage, we are offering companies a cheaper, more convenient way to send funds to employees in the Philippines. Our cash-to-cash delivery is powered by the bitcoin network, but leverages our network of payout options spanning 24 banks, 500 retail cash pick- up locations, and 450 24/7 ATMs to deliver cash to employees.”

Leave a Reply