Xapo Visa Debit Card Now an Option for Employees Paid in Bitcoin Through Bitwage
Employees opting to get paid in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term through Bitwage will now have another option on how to receive their wages.
Bitwage has formed a partnership with Xapo, allowing workers to have their pay deposited directly onto Xapo's bitcoin-based Visa debit card. The bitcoins can then be spent at any merchant accepting Visa, even if the merchant does not accept bitcoin.
The new feature is touted for effectively bypassing the entire fiat-based financial system. For workers based overseas, getting paid in bitcoin can potentially help them realize significant savings from cross-border transfer/Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term fees. However, the bitcoins remain bitcoins and the user bears all exchange rate risk until they are spent.
Bitwage allows employees to get paid in bitcoin, even without having their employer or a third party payroll processor sign up to the program. Users don't need a bank account, making the service more attractive in countries with sizeable unbanked populations. Employers currently using their services consist mostly of bitcoin companies, including Bitreserve, ChangeTip and Coinsetter.
Earlier this year, Xapo announced enhancements to its wallet offering, employing both multisignature technology and physical security measures.
Xapo noted that its debit card is still in beta, and that it's not available in the U.S. or India.
Employees opting to get paid in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term through Bitwage will now have another option on how to receive their wages.
Bitwage has formed a partnership with Xapo, allowing workers to have their pay deposited directly onto Xapo's bitcoin-based Visa debit card. The bitcoins can then be spent at any merchant accepting Visa, even if the merchant does not accept bitcoin.
The new feature is touted for effectively bypassing the entire fiat-based financial system. For workers based overseas, getting paid in bitcoin can potentially help them realize significant savings from cross-border transfer/Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term fees. However, the bitcoins remain bitcoins and the user bears all exchange rate risk until they are spent.
Bitwage allows employees to get paid in bitcoin, even without having their employer or a third party payroll processor sign up to the program. Users don't need a bank account, making the service more attractive in countries with sizeable unbanked populations. Employers currently using their services consist mostly of bitcoin companies, including Bitreserve, ChangeTip and Coinsetter.
Earlier this year, Xapo announced enhancements to its wallet offering, employing both multisignature technology and physical security measures.
Xapo noted that its debit card is still in beta, and that it's not available in the U.S. or India.