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March 26, 2015

Bitwage teams up with Xapo to launch new debit card

Bitwage, a US-based bitcoin payroll provider, has partnered with Xapo, a provider of bitcoin wallet to launch an international bitcoin payroll debit card.

By Verdict Staff

Bitwage, a US-based bitcoin payroll provider, has partnered with Xapo, a provider of bitcoin wallet to launch an international bitcoin payroll debit card.

The new debit card will allow employees and contractors using the Bitwage system to withdraw and spend US Dollars, European Euros, and British Pounds directly from the blockchain.

With this partnership, Bitwage will roll out this debit card to over 170 countries.

The new card will enable employees outside the US, Europe, and the UK to withdraw in their local currencies allowing them to avoid the high fees and long waiting periods associated with traditional international payment services.

As part of the partnership, users will be able to pre-load bitcoin into their Xapo wallets, which will be debited after each purchase with the Bitwage card.

The Bitwage International Debit Card will not be available for users in the US but will still work in the US. However, anyone visiting the country will be able to make purchases with their Bitwage debit cards.

The new debit card launch is still in beta phase which means that anyone who signs up for this beta will receive the Bitwage International Debit card for free.

Bitwage founder and chief operations officer Jonathan Chester told Bitcoinist: "Not only does partnering with Xapo allow employees and freelancers around the world to use their Bitcoin wages with everyday merchants, but this debit card allows mainstream employers, employees and freelancers to reap the benefits of the blockchain while having easy access to local fiat currency."

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