Bitwage provides remote workers with solutions to find work and maximize their wages. We offer unique jobs, flexible distributions and reduced payroll costs.
San Francisco, CA, United States, Oct. 03, 2021 (GLOBE NEWSWIRE) —
Bitwage – the leading provider of Bitcoin and cryptocurrency payroll, invoicing, and benefits – announced this week that they closed $1.5MM in a funding round with online investment platform, BnkToTheFuture. The round oversubscribed to 125% of the company’s target in the first few days. Since inception, BnkToTheFuture is home to over 150K qualified investors. It has received over $1bn in funding rounds.
Bitwage was founded in 2014 by Jonathan Chester and John Lindsay when they foresaw the opportunity to combine payroll services with cryptocurrency and bitcoin.
Bitwage has achieved many notable milestones since its inception.
$120MM transactions were processed
50k users registered
2k Companies Registered
The US economy doubled in 2021
The key Latin American market has grown 20x since the inception of Covid
While accomplishing these unique milestones, Bitwage raised over $1MM from acclaimed investors and blockchain visionaries, including Draper Associates and Max Keiser’s Heisenberg Capital.
Bitwage experienced exponential growth in the last two years, catalyzed by the COVID-19 pandemic, the global remote work trend, and the rapid adoption of blockchain based assets. These trends have led to Bitcoin, stablecoin and cryptocurrency payroll services experiencing rapid growth.
Bitwage is poised to lead this emerging market. Bitwage has been a pioneer in the cryptocurrency and Bitcoin payroll industry, gaining an advantage from its 2014 launch. Bitwage is ahead of its competition by using years of product development, extensive transaction histories, and deep relationships with the cryptocurrency and banking communities to navigate the new regulatory and consumer environments.
Bitwage is set to become a large part of the infrastructure that will power domestic and international deposits into consumers accounts everywhere, whether it be their hardware wallets, their favorite exchanges, or their bank accounts.
Jonathan Chester, Bitwage CEO “When we first started in 2014, Bitcoin payroll was just a niche for cypherpunks and crypto anarchists. Covid-19 has acted as a catalyst for both the cryptocurrency and remote work industries. Bitwage, Bitcoin and cryptocurrency payroll sit at the intersection of these two movements. The tailwinds are picking up for Bitcoin and cryptocurrency payroll to become a massive multi-billion dollar industry and Bitwage is poised to become the global leader.”
You can check out Bitwage funding round on Online Investment Platform here: https://app.bnktothefuture.com/pitches/bitwage-inc/landing
CONTACT: Name Jonathan Chester
Email: [email protected]
Address: 244 California St. Suite 607, San Francisco, California 94111, United States