Metamask Creator Consensys Adopts Bitwage for Crypto Payroll

About Consensys

Consensys is a global leader in blockchain technology, dedicated to building the infrastructure, applications, and tools that enable decentralized networks like Ethereum. Also created MetaMask, one of the most widely used cryptocurrency wallets, and Infura, an infrastructure service that powers many decentralized applications (dApps) on the Ethereum blockchain. This showcases their leadership in blockchain innovation and emphasizes how their adoption of Bitwage for crypto payroll aligns with their mission to drive the future of decentralized work.

Why Consensys Chose Bitwage

Consensys sought a payroll solution that could offer financial flexibility to its employees while aligning with its vision. Bitwage not only delivered on these goals but also demonstrated the ability to adapt to Consensys’ specific requirements.

Let's dive into some of the details:

Flexible Payroll
Consensys enabled all their full and part-time employees to receive a portion of their salary in Ether using Bitwage's crypto payroll products. This approach encouraged their workforce to actively participate in the blockchain movement, while also contributing to the growth and adoption of Web3 technologies.

Fostering a Future of Work Mode
Consensys aims to promote the future of decentralized work, where employees are empowered to manage their finances and payments using blockchain technologies. Being part of the decentralized future by conducting crypto payroll through Bitwage, is a concrete way to support that mission.

Lower Barriers to Web3 Adoption
Crypto payroll demystifies blockchain technology by making it accessible to employees who may be new to the space. As Consensys stated, this approach is a way to give crypto more validity and encourage wider adoption of Web3 technologies within your organization. They also believe crypto payroll is just the tip of the iceberg and could expand into compensation and recognition programs to reward workers.

Why Is This Important for Your Business?

Consensys' decision to adopt crypto payroll through Bitwage highlights the increasing demand for a flexible and customizable payroll solution that allows employees to choose the currency they want to be paid in with a smooth and adaptable integration with the employer's current payroll process, making it frictionless for businesses.

Why Bitwage you ask? Here's why:

Tailored Solutions
Bitwage collaborates closely with companies, as with Consensys, to tailor the platform by making specific adjustments that align with the company’s unique requirements. These changes included creating customized employee onboarding processes and designing specific accounts for Consensys employees. This level of customization proved Bitwage's flexibility as a platform, capable of evolving to suit the demands of each company it onboards.

Flexible Payroll Add-On
Rather than replacing existing payroll systems, Bitwage works as an add-on, integrating seamlessly with current processes. This allows companies to implement cryptocurrency payroll without disrupting how they already manage payroll. As a result, you get a flexible, decentralized payroll solution that enhances employee satisfaction and supports financial inclusion with little to no overhead work.

Streamlined Employee Onboarding
As with Consensys, Bitwage helps simplify the onboarding process for employees by offering a personalized onboarding experience. Employees were quickly able to set up accounts ensuring they could start receiving crypto payments with ease and efficiency. This alleviates the burden for business owners by ensuring a smooth adjustment without the need for complex onboarding strategies.

Consensys Launches Crypto Payroll to Inspire the Future of Work | Consensys

Crypto payroll exemplifies a practical integration of decentralized technology but also a vehicle for wider web3 adoption.

ConsensysAuthor Enrique Menendez

Final Thoughts

By choosing Bitwage, your business can take the first step toward a decentralized, blockchain-powered future of work with a simple payroll solution that caters to company and employee needs. If your facing similar challenges, now is the time to explore how Bitwage can simplify your payroll process.

Thanks for reading!