Bitwage provides bitcoin, stablecoins, and cryptocurrency payroll solutions. The company reduces payroll costs, increases transfer speeds, and has increased visibility into the payment process. It allows employees to both receive a wage and pay for goods and services in Bitcoin. It was founded in 2014 and is based in San Francisco, California.
Bitwage's Product Videos
ESPs containing Bitwage
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The global payroll market is a space that provides payroll processing and management services to organizations worldwide. It encompasses software solutions, outsourcing services, and consulting firms specializing in payroll functions. The market is driven by the increasing complexity of payroll regulations and the need for organizations to ensure compliance and accuracy in paying their employees. …
Bitwage's Products & Differentiators
Onboard and Pay workers and contractors worldwide in a single platform with a mix of local currency and cryptocurrency deposits to banks and wallets.
Research containing Bitwage
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Bitwage in 1 CB Insights research brief, most recently on Oct 18, 2022.
Expert Collections containing Bitwage
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bitwage is included in 4 Expert Collections, including HR Tech.
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Bitwage News
Aug 9, 2023
With this implementation, Bitwage seeks to contribute to the development of professionals in Latin America and the world. 2 minute read Bitwage announced the official launch of the TRON network in the first week of August. This development enables users in Argentina and across the globe to have more networks available for receiving their digital dollar salaries, providing the necessary liquidity and compatibility for economically moving in the market when exporting digital services. With this new implementation, users and businesses can access their digital dollars like USDT without incurring GAS fees for sending, translating to a total cost of 3% for USDT, the currency that the new network will initially be available in, according to a press release. Jonathan Chester, CEO and Co-founder of Bitwage explained that they have been closely listening to users in Argentina who have been strongly requesting the ability to receive USDT on the TRON network. He added that TRON is the smoothest network for handling USDT, making it much easier for users to quickly and easily obtain their hard-earned money. Adopting TRON, Bitwage facilitates the collection of payroll fees on a network characterized by its low shipping fees. Additionally, the liquidity in digital dollars like USDT through the TRON network is one of the most attractive factors not only for Bitwage’s users and businesses but also for the company itself, as Jonathan Chester, the current CEO, and co-founder, pointed out. The coronavirus pandemic (COVID-19) in early 2020 forced the closure of many nations globally. Consequently, teleworking became an essential measure to limit the number of infections. Data from Statista in 2019 shows that remote work was already a significant trend in some Latin American countries, with Colombia leading with 45% of workers surveyed. Percentage of people who can work remotely in selected Latin American countries in 2019. (Source: Statista) In this sense, the previous graph verifies a trend in how people now relate to remote work and self-employment. For the site, Ámbito, the Ministry of Economy estimates that nearly 500,000 Argentines will be freelancers working abroad by 2023. This is due, among other things, to the economic recession the southern cone country is going through. According to Gitnux, approximately 1.57 billion people of the global working population work as freelancers, and freelance platforms have an estimated value of USD $3.39 billion. How much do freelancers earn in the world? (Estimated rate in Euros). (Source: WebsitePlanet) With this new implementation, the report concludes that Bitwage’s commitment to offering the best payroll services for professionals working online and exporting services is intensifying.
Bitwage Frequently Asked Questions (FAQ)
When was Bitwage founded?
Bitwage was founded in 2014.
Where is Bitwage's headquarters?
Bitwage's headquarters is located at 244 California Street, San Francisco.
What is Bitwage's latest funding round?
Bitwage's latest funding round is Convertible Note - VII.
How much did Bitwage raise?
Bitwage raised a total of $5.12M.
Who are the investors of Bitwage?
Investors of Bitwage include BnkToTheFuture, Draper Associates, Orange Digital Ventures, Orange Fab, Plug and Play Accelerator and 3 more.
Who are Bitwage's competitors?
Competitors of Bitwage include Deel and 6 more.
What products does Bitwage offer?
Bitwage's products include International payroll and 2 more.
Who are Bitwage's customers?
Customers of Bitwage include Fluid Truck, BairesDev and Athyna.
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