Advantages
No employer on-boarding required
Receive your wage in less
than 48 hours no matter where
you are
Track your wages
at all times
Cheaper than traditional bank transfers
Global access
Secure and compliant
How it works?
Employee sets up an account at Bitwage
Bitwage issues specific banking details for the user
Employee gives these new banking details to employer or client
Payroll sends USD wire or direct deposit to the employee’s Bitwage banking details
Bitwage delivers digital assets directly to the wallet or account of employee’s choice same or next day
Bitwage vs Bank
Bitwage constantly analyzes all the mechanisms to distribute wages across borders, comparing traditional systems such as bank wires with new international gateways, such as XBT and XRapid protocols. Through this fully encompassing approach, Bitwage radically reduces the cost of paying workers, freelancers and outsourcing firms across borders.
| Send 1000 USD |
| Same to Next Day |
| Neither party pays service fees |
| Retail Exchange Rate is 50.21 PHP/USD |
| Receive 50,210.00 PHP |
Bank wire
| Send 1000 USD |
| 5-14 business days |
| Sender and Receiver both pay 25-45 USD |
| Retail Exchange Rate is 47.03 PHP/USD |
| Receive 42,797.30 PHP |