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.

More News

Xapo sells Institutional Custody Business to Coinbase, giving focus to Consumer Business

Today, we are announcing the sale of our Institutional Custody Business to Coinbase. For Xapo, this transaction means a greater focus on our Consumer Business and a big step towards our mission to build a safe and global way to use money. At Xapo, we’re firm believers that no matter who you are or where…

By Xapo

Introducing Xapo’s new experience

We’re thrilled that you finally get to see what we’ve been working on for the past few months! As part of our rebrand project, we’re releasing our revamped Android, iOS, and web apps which include exciting and refreshing new features. We’ve started the global rollout of the new app and it should reach you in…

By Carolina Fabroni

Meet the new Xapo

At Xapo, we’re firm believers that no matter who you are or where you're from, you deserve easy access to digital financial services. This conviction led us to create a simple-to-use bitcoin wallet and an industry-leading bitcoin storage platform, described by The Wall Street Journal as the “Fort Knox of bitcoin storage.” Since 2014, we’ve…

By Carolina Fabroni