Bitwage, a blockchain-powered platform revolutionizing international payroll, announced the release of IBAN numbers for all users that are receiving wages in the EU.
“We are able to offer this through a new banking partnership we’ve made over the past few months,” Jonathan Chester, founder, and president at Bitwage stated in the official post. “Now EU users have the first real option for a direct deposit into any wallet of their choice.”
With the launch of IBAN numbers, those users receiving wages from EU companies will be able to see exactly when funds have been received by Bitwage. Through this ‘real-time transaction viewing’ feature, they need not wait till Bitwage processes payrolls to know whether funds have been received.
Also, another upgrade by the company is ‘no deposit claims’, where with the new unique IBAN numbers, EU users no longer required to create deposit claims since payment descriptions are no longer required for these transactions.
“All Bitwage Premium will automatically be provided with these unique numbers. All users with monthly transaction volumes over 1,999 Euro may request unique EU IBANs as well,” he added.
The release follows the recent upgrades from Bitwage that includes Bitwage Premium that enables users to receive their wages ‘same day’ after funds are received. The company also announced another feature Bitwage Authenticator which is a new and secure TOTP functionality, directly through the Bitwage iOS & Android apps. This offers extra security than typical SMS 2-Factor passcodes and more convenience than Google authenticator.
