The Bitwage platform arouses interest in Argentina. Given the company’s organic growth in this country, the company highlighted the benefits of cryptocurrencies for freelancers and businesses, among other things.
It should be noted that the platform provides financial connectivity for Argentines providing services abroad. Bitwage generates an account for the user with a bank based in the US, Europe or the UK and enables them to receive funds in cryptocurrencies, which can also be stable coins, from their customers or foreign companies.
From Bitwage, they confirmed that they currently have more than 50,000 active users in more than 100 countries and that there is a monthly movement of around $ 1.5 million in Latin America.
“Thanks to the blockchain technology, the operation of Bitwage payments is simplified and accelerated, so that users can receive their income in cryptocurrencies or fiat money (depending on the country). Upon registration, the user is provided with a US, European or UK bank account for the Argentine worker, freelancer or exporter to work. ” detailed by Bitwage.
“In this way, you can provide the other party with the details of the assigned account to transfer the money and then convert it into cryptocurrencies (BTC, ETH, USDC or others) that are deposited in the wallet of your choice.” they added later.
Jonathan Chester, CEO and Founder of Bitwage, commented:
“Given the current situation where remote working is the new modality that will stay here and continue to grow worldwide, we made Bitwage the simple solution to offer accounts with several banks and to be able to offer crypto currencies as a means of payment “.
Then he indicated:
“In addition, many workers today choose to receive their wages or part of it in bitcoin or stablecoins to support the value of their income. Our goal is to help them by making it easier to access and reducing the cost of financial services that are too high in traditional banking systems. ”
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