(Finance Magnates) You Can Now Get Paid in Ethereum Thanks to Bitwage and Uphold
Avi Mizrahi | Innovation ( CryptoCurrency ) | Wednesday, 01/06/2016 | 09:15 GMT+1
Start getting paid in Ether now because getting your salary in Bitcoin is so 2015.
Starting today, June 1, members of cloud money platform Uphold can buy or convert funds to Ethereum’s cryptocurrency Ether (ETH) on their system. In addition, Bitwage, the payroll and international wage payment service startup, is now enabling companies to introduce their employees to the world of smart-contracts cryptocurrencies and decentralized autonomous organizations (DAO) through their paycheck.
Bitwage CEO John Lindsay states: “Bitwage is excited to leverage Uphold’s support for Ether. Together, we make purchasing Ether simple and easy for you and your employer, and allows you to accrue smaller amounts (or larger, if you prefer) each pay period continuing to build up the the value you wish to hold.”
Back in April 2016 Bitwage added support for European individuals after it solidified its base in the US. Jonathan Chester, founder and president of the firm, said at the time: “In 2015, the European Union had a higher GDP than the United States. With our launch in the European Union, contractors and freelancers all over the world will have a much easier way to receive their wages abroad from one of the largest economic zones in the world. All without the friction involved in trying to convince clients to change their payment solutions.”
Around the same time Uphold partnered with Bittrex to allow real-time market pricing for its members to convert Voxel, Litecoin and Ethereum into a wide range of fiat currencies, including the US dollar, euro, Chinese yuan, Indian rupee, Japanese yen and British pound, as well as precious metals, including gold and silver. Uphold already has a long-standing integration with the global bitcoin exchange, Bitstamp.
Full article available here.
Image taken from Finance Magnates.