Bitwage are proud to announce three new releases for their Bitcoin payment services.
1) Bitwage Releases The Bitwage API
The first is the release is their API. With this API, companies can now integrate the full range of Bitwage solutions, enabling companies to offer their customers more value added services. The API includes all of our fund receiving methods, mass payouts, and seamless integration with their full set of last mile partners.
2) Hubstaff Integrates The Bitwage API Into Their Leading Time Tracking Software
Hubstaff is a time tracking software with proof of work that supports Mac, Windows and Linux which helps teams manage their remote workforce more efficiently. They focus on showing how long specific tasks are taking, providing in-depth time reports, and proof of work through screenshots and application monitoring.
With the new Hubstaff and Bitwage integration, managers and payroll administrators can set up automatic employee payments using their credit/debit cards. Employers can pay their employees on an hourly basis based on their time tracked, or they could setup a weekly, bi-weekly or monthly fixed rate.
Not only does this integration reduce the hassle of managing employee payments, it also ensures faster payments to your employees because Bitwage is able to transfer the money within one business day and in some cases, within hours as soon as the funds hit the Bitwage account.
3) Bitwage Releases Credit Card Payments
For employers, the classic payroll problem has always been figuring out how to send payments to workers in other countries. Sometimes your bank requires you to do international payments in person, or maybe they do not let you do international payments at all. Many services require you to load funds into accounts before you can send a mass payment. Maybe you just want to use a credit card to build up airline miles, but no service will let you use a credit card for international wage payments.
Facilitating international wage payments is quite painful. Bank wires and traditional financial technologies are slow and costly.
For instance, when sending wage payments to the Philippines through an international wire, it can take 5 days to arrive. In addition to this you can often lose over 10% in fees and bad exchange rates. You can see a live comparison of Bank Wires to the Philippines with Bitwage Rates here.
Globalization is integrating the economies of countries all over the world and with it is the growing trend of the distributed workforce. It is not unusual to find US employers working with employees and contractors in Europe, Brazil and Philippines and for European companies to employ workers from eastern to western Europe, and even Asia Pacific. Callcenters and Business Process Outsourcing companies from the Philippines are finding more and more work from US and European companies. However, much of the payroll innovation of the past 30 years has focused on paying domestic employees. This trend can be seen in the offerings of old established payroll players, such as ADP, or new comers, such as Gusto and Zenefits.
At Bitwage, they are focused on helping companies manage their international workforces by offering faster and easier wage payments.