Bitcoin startup Bitwage, which focuses on the international payroll
market, is expanding its European footprint with a launch in the UK.
The company announced its push into the UK market today.
Through their platform, which launched in 2014, workers in the UK can
accept their wages through settlement options like BACS, CHAPS, Faster
Payments or SWIFT into their local British pound-denominated bank
accounts.
Local users "now have the option for a direct deposit into any wallet of their choice", the startup added.
"For
workers in the UK, this now means you are able to have more diversity
in how you would like to receive your wages. You can split your wages at
any percentage between many different bank accounts and digital
wallets," Bitwage founder and president Jonathan Chester wrote on the
startup's blog.
The launch comes months after Bitwage beefed up
its European-focused services with the launch of unique International
Bank Account Numbers (IBANs) for customers in the region. At the time,
the startup framed that upgrade as part of its push into the European
market.
Bitwage has raised $760,000 in funding to date, drawing support during a round in late 2015 from investors including Orange Telecom and Draper Associates.
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