Bitwage: Can I use my corporations crypto to pay my workers


#1

Let’s assume that I am a recent ICO that has a storehouse of crypto that I want to use to pay my workers. After a payroll service (like ADP) deducts required withholdings can I use Bitwage as the transfer vehicle to send the appropriate amount of crypto from our corporate holdings to my employees? I might want to do this because of the traceability features that BitWage offers.


#2

Hi Yes, we can do that! Please this: https://wagein.atlassian.net/wiki/spaces/BS1/pages/create?draftId=43646977&draftShareId=3dda5045-dbe8-4192-a516-9392345bc0f9&


#3

I’m new to the space (today) and when I click that my browser balks with:
The page does not exist.
The page exists, but you do not have permission to view it.

Both Firefox and Chrome give me this error


#4

Wrong link, sorry! https://blog.bitwage.com/2018/08/13/pay-contractors-and-employees-with-bitcoin-and-ethereum/


#5

Hi there,

We have plenty of ICO companies that use us, including Augur, Status, Aragon and others. We are able to receive BTC or ETH and payout in either crypto or fiat :slight_smile:


#6

Do you guys have any kind of materials that you would give to potential clients about the mechanics/ benefits/ cautions of having employees/ contractors paid in crypto? I’m working on one (I’m a CPA) but just want to compare notes.


#7

The blog post above is our best overview. We don’t really address the case of an employer giving crypto to a user who wants to receive crypto (you wouldn’t need Bitwage to do that). Our service is more for funding fiat payrolls via crypto.

Please email support@bitwage.com if you have any more concerns! That’s probably a better venue.