If employers want to compensate workers in an unconventional way, they may think about doing so with bitcoin. It’s an option some companies have pursued, but it’s not always as straightforward as some enterprises may assume.
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Bitwage is a company that has specialized in the emerging desire that employers have to pay their workers in bitcoin.
Taking this approach does not require employers to go through an onboarding process, and employees get their wages in less than 48 hours no matter where they are. The company made headlines recently by adding the option for U.S.-based employers who receive W-2s to opt for getting paid in bitcoin.
As of 2017, about 200 employers used Bitwage, and approximately 95 percent of those used the service to pay international workers.
BitPay is another…