If Bitloon celebrated its 10th anniversary today, the company highlighted its growth in enabling Bitcoin and crypto payroll solutions. Since 2014, Bitwage has focused on bringing transparency and efficiency to global employee payments.
Bitcoin and crypto payroll platform Bitloon has announced that it now serves over 4,500 registered companies and 90,000 registered users who use the company’s services to pay employee salaries in Bitcoin and stablecoins.
Bitwage allows businesses and individuals to send and receive data payments using Bitcoin and crypto. This provides an alternative to traditional payroll and bank transfer services.
There is a growing demand among employees and employers to use Bitcoin for payroll. For remote workers paid by international clients, receiving salaries in Bitcoin can avoid costly exchange fees and delays. Meanwhile, paying contractors in Bitcoin can save companies money compared to bank transfers. Bitwage handles the conversion process seamlessly on both ends.
Bitwage is on track to process over $400 million in payroll transactions this year. The company has also raised $3 million in funding from investors such as Tim Draperwho said Bitwage “has been a pioneer in integrated global Bitcoin and Stablecoin payroll.”
According to Bitwage CEO Jonathan Chester, the company’s core mission is to promote financial freedom through innovative payroll solutions. After 10 years at the intersection of payroll and crypto, Bitwage aims to continue improving global employee payments.