Blockchain-based firm Bitwage has partnered with Mexican bitcoin exchange Bitso in order to offer bitcoin payroll services to Mexican employers.
According to Bitso blog post, the integration takes advantage of the efficiency and security offered by bitcoins to transport payroll around the world within minutes. “This integration allows your customer to make a payment for your services via bank transfer in your country while you receive payment in Mexican pesos to your account,” the post read (loosely translated).
Users of this service will gain advantages of getting their payments faster, getting the best exchange and lower commissions. Bitwage blog announced on Monday the launch of its payroll service along with its collaboration.
“We are excited to launch our Bitwage Payroll service for Individuals in Mexico with the help of Bitso, Mexico’s first and largest Bitcoin and Ether exchange,” Jonathan Chester, president of Bitwage said in the blog post. “Bitso has been developing efficient financial services while increasing education, information and the use of Bitcoin in Mexico since 2014. Now, you can accept Mexican Peso wages into Mexican bank accounts from employers and clients anywhere in the US or throughout the European Eurozone".
In past months, Bitwage has enabled same, to next-day wages for countries like Philippines, Brazil and the Eurozone with some of the most competitive exchange rates in the word.
Talking about offering the service to Mexican workers, Chester said, “We are confident our aligned goals in revolutionizing financial transactions will continue to benefit the growing freelancer, digital nomad and international contractor population in Mexico and in the World.”
Bitwage is a bitcoin payroll and international wage payment service, which allows workers to receive their wages in flexible distributions including digital and fiat currencies. The company aims to reduce payroll costs, increase transfer speeds, and make the payroll process trackable for employers and workers.
Founded in 2014, Bitso is a platform that enables to buy and sell bitcoins with Mexican Pesos. The company prioritizes security, transparency and best practice operations, while breaking new ground with innovative product development.


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