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We've chatted with the Bitwage guys. Good guys. We respect what they're doing. Well there are a few differences currently, and even more coming over the next m
by codelitt 12y ago
We've chatted with the Bitwage guys. Good guys. We respect what they're doing.
Well there are a few differences currently, and even more coming over the next month - 2 months. But the ones that are currently available:
1. Interface. If you use the two product side by side, I think you'll see the difference.
2. Automation. Currently Bitwage (as I understand it. I could be wrong) handles ACH and Bitcoin transactions manually. Our platform is a little further along. Although they did get their MVP out before ours because of this so props to them!
3. Employee control. Our platform relies on employees to control the majority of their information which provides several benefits but mostly ease of use for the employer and freedom for the employee to update their settings and how they're paid right up to the moment that the distribution daemon fires up.
4. Wage splitting. Employees can get their paycheck into several checking accounts, savings accounts, investment accounts, and Bitcoin wallets.
5. Reporting. Our reporting for both an employer and employee is a bit more robust in our minds and takes into account that people getting paid in BTC will now have capital gains considerations.
- rebret 12y agoI think Bitwage might already allow employers to pay for the payroll order in Bitcoin.