Xapo Partners with Bitwage

March 25, 2015

Today, Xapo is excited to announce our relationship with Bitwage. Bitwage is the world’s first bitcoin payroll provider, allowing individuals to receive all or a part of their salary in bitcoin without requiring their employers to onboard any third party payroll processor. Currently, many international contractors can lose up to 10% of every paycheck due to conversion fees, exchange rates, and other foreign operation fees. Xapo’s relationship with Bitwage can reduce many of these fees by providing certain Bitwage users with the Xapo debit card.

Starting today, all international contractors paid via Bitwage can sign up for a Xapo debit card, allowing more of their wages to stay in their pockets. By using the Xapo debit card, they will no longer need to convert their bitcoins to a local currency or search for bitcoin-friendly merchants. Bitwage users will now be able spend their bitcoin earnings at any merchant that accepts Visa cards, whether or not they accept bitcoin.

This relationship effectively completes the bitcoin payment cycle, allowing individuals to earn and spend bitcoin without ever touching fiat currency or using a traditional bank.

We expect this relationship to bring to light the positive benefits of using bitcoin as a payment rail, as well as its superior use for remittance payments, an industry worth $500 billion annually. Xapo’s debit card is still in beta and will be released to a wider audience soon. We do not yet issue cards in the US or India.

Fernando Gouveia

By

Article published on March 25, 2015

, , , , ,
MORE NEWS

Xapo Debit Card Update

The Debit Card has always been at the forefront of Xapo's efforts to bring secure, Bitcoin-based financial products to users around the world. According to Visa’s recent communication regarding different debit card programs, only customers in the European territory will be able to order new Xapo Debit Cards, effective today. In addition, Xapo must suspend service on all…

By Anni Rautio

Xapo Granted E-Money License

Xapo granted E-Money License We are proud to announce that Xapo (Gibraltar) Ltd. has been granted an E-money License by the Gibraltar Financial Services Commission effective July 10th 2017. License under the Financial Services (Banking) Act of 1992, License number FSC0063BNK. As a regulated E-Money Institution Xapo is now licensed to issue electronic money in…

By Diego Valenzuela

Xapo Bitcoin Cash (BCH) Update

As expected, yesterday the Bitcoin blockchain experienced a “fork”, in which a new coin called “Bitcoin Cash” was created. That means that, if you had bitcoins (BTC) in Xapo at the time of the fork, you now have your bitcoins and an equal amount of Bitcoin Cash (BCH). For your reference, the fork happened after…

By Federico Murrone