Bitcoin Payroll Startup Bitwage Launches UK Services


Bitcoin startup Bitwage, which focuses on the worldwide payroll market, is increasing its European footprint with a launch within the UK.

The firm announced its push into the UK market today. Through their platform, which launched in 2014, staff within the UK can settle for their wages by settlement choices like BACS, CHAPS, Faster Payments or SWIFT into their native British pound-denominated financial institution accounts.

Local customers “now have the option for a direct deposit into any wallet of their choice”, the startup added.

“For workers in the UK, this now means you are able to have more diversity in how you would like to receive your wages. You can split your wages at any percentage between many different bank accounts and digital wallets,” Bitwage founder and president Jonathan Chester wrote on the startup’s weblog.

The launch comes months after Bitwage beefed up its European-focused companies with the launch of distinctive International Bank Account Numbers (IBANs) for patrons within the area. At the time, the startup framed that improve as a part of its push into the European market.

Bitwage has raised $760,000 in funding thus far, drawing assist throughout a round in late 2015 from traders together with Orange Telecom and Draper Associates

UK pound image by way of Shutterstock

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