Bitwage, a bitcoin payroll startup headquartered in San Francisco, has announced the addition of 18 new currencies for invoicing and team wages.
The new currencies include South African rand (ZAR), Turkish Lira (TRY), Singapore dollar (SGD), Swedish Krona (SEK), Saudi Arabian riyal (SAR), Russian ruble (RUB), Romanian leu (RON), Polish zloty (PLN), New Zealand dollar (NZD), Norwegian Krone (NOK), Mexican peso (MXN), Israeli new sheqel (ILS), Hungarian forint (HUF), Hong Kong dollar (HKD), Danish krone (DKK), Czech koruna (CZK), Brazilian real (BRL), and Philippine peso (PHP).
“With the new offerings, workers can invoice their employers, and employers can fund payrolls using international wires in any of these new 18 currencies. Combined with Bitwage's current offering of 8 source currencies, now Bitwage offers 26 total source currencies,” Bitwage said in an online post.
The announcement follows Bitwage’s expansion to the United Kingdom. Founded in 2014, the company develops solutions for remote workers looking for work and to optimally receive their wages.
“With the recent interest in digital currencies over the last year, there has been tremendous growth in users who want to receive their wages in or through digital currency. Some users understand the potential for faster and cheaper cross border wage payments, while others are just looking to speculate. Now, we have unlocked the potential for this growing base of users to receive their wages from 18 new currencies,” Bitwage cofounder Jonathan Chester said (as quoted by Bitcoin.com).
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