Receive Paycheck In Bitcoin With Reverse Cashila Feature

Cashila, the only payment processor with a license to execute bitcoin to euro SEPA payments in the world, has recently announced Reverse Cashila Feature. The new feature, similar to Bitwage that turns dollar payments to bitcoin, is Euro-to-Bitcoin payroll system that enables employees to receive paycheck in bitcoin.

The company explains that the process for the payer will stay exactly the same, just like paying euros to a regular bank account. All one has to do is provide their employer or the company they work with their Cashila payment details and they are all set to start.  

Once the payment is received, the receiver can keep it in euros or go to bitcoin straight away. They even have the option of deciding how much of the payment goes to bitcoin and how much stays in euros.

“Go to PAY/SEND feature and choose Make a transfer to a bitcoin wallet, enter the amount you want to send and the receiving Bitcoin Wallet address”, Cashila explained.

Moreover, there is also a provision if someone wants to pay in bitcoin, but the receiver prefers euro. The company says that the bitcoin payment received will turn to euro as soon as it hits the Euro Wallet at Cashila. This can also be used when one wants to transfer some of their bitcoins to their Euro Wallet.

The company aims to help boost mainstream bitcoin growth in Europe, and guard freelancers and employees from bitcoin price volatility with this new feature, CoinTelegraph reported.

“This is a faster and cheaper version of banking as we know it. Your version”, said Cashila co-founder Jani Valjavec.