Bitwage Introduces Bitwage Cloud Savings, Implements Bitreserve Connect


Bitwage, an automated international bitcoin payroll platform has partnered with bitcoin cloud-based financial service provider Bitreserve, to implement its newly developed platform called Bitreserve Connect and developed a new product called Bitwage Cloud Savings.

Bitreserve Connect, which was launched on June 16 at MoneyConf in Belfast, is a cloud-based bitcoin/money platform which allows businesses to:

  1. Hold, send and convert money instantly — and for free — to anyone
  2. Incorporate Bitreserve’s best-in-class anti-money laundering (AML) and know-your-customer (KYC) security and information infrastructure to ensure businesses meet regulatory requirements.
  3. Conduct completely transparent transactions, where all money held, sent and converted can be traced in real-time;
  4. Secure and protect customer deposits with one-to-one reserve backing.

Bitwage is one of the first four financial technology platforms to implement Bitreserve Connect. With the help of Bitreserve, Bitwage has introduced a new product, Bitwage Cloud Savings, which enables employees to store their payments in “9 currencies and 4 precious metals, including US dollars, Bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.”

Bitwage Founder and COO Jonathan Chester announced in a blog post:

From paycheck to paycheck, Bitwage users will be able to decide exactly how their salary is paid. Whether you are an Argentinian contractor

Read more ... source: TheBitcoinNews