Bitwage recently launched “International Payroll for the Individual,” 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.”