California-based crypto company Bitwage announced a partnership with the settlement firm Simply Efficient HR - the move will allow American companies from all 50 states, as well as Puerto Rico, to pay their employees salaries in Bitcoin (BTC) and Ethereum (ETH).
Bitwage and Simply Efficient HR collaboration
Thanks to a solution from Bitwage, American workers whose companies are participating in the new program can choose what percentage of salaries can be paid in USD or cryptocurrency. Jonathan Chester, CEO of Bitwage, noted:
“Since Bitwage is a leader in the development of settlement solutions, we are enthusiastic to continue to promote the idea of using cryptocurrency in everyday life. Together with Simplexity, we hope to address the challenges that exist in the crypto industry while continuing to help ensure that Bitcoin and other cryptocurrencies become part of our daily lives. "
The gap between the financial system and the crypto industry
The first client of Bitwage can be considered the P2P exchange Paxful, their collaboration began in November last year. For example, Hayel Abbassi, Paxful Controller, noted: