20 sats \ 3 replies \ @DarthCoin 12 Aug 2023 \ parent \ on: I bet you did not know these things about Bitwage bitcoin
I think is more about each country where they provide the service.
Let's be clear: they are ramp between fiat banks and BTC, so they must obey each country legal circumstances.
The most important thing for me personally is that I DO NOT have to use a bank account in my name in order to receive BTC. My client is just paying in his currency he want to use, I receive BTC. I really don't care about how is done.
If the service were custodial (BTC were kept by Bitwage) then yes, could be some complications, but the fact that Bitwage is only a "taker" of the fiat and instant giver of the BTC, I am just happy that I get straight BTC into my own wallet.
Disclaimer: I live using only BTC, without any bank account from 2018. I closed them all. Fuck'em.
Using our service means that you can be living anywhere in the world, working for a US company (for example), and having 100% of your paycheck coming to you as Bitcoin. You don't even have to have a bank account.
Companies can run payroll without owning a bank account, by funding the salaries with Bitcoin for example. While everyone on the team gets paid based on their distribution.
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