Bitwage gives freelancers access to Bitcoin-based invoices

The modern freelancing industry comes with a lot of caveats, one of which is how most platforms only allow its users (independent contractors) to connect a single bank account.

In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.

To try and solve these user problems, payroll and invoicing company Bitwage is introducing a freelance marketplace, allowing people to create multiple bank accounts to more smoothly process payments for freelancing and to accept crypto assets. The new platform is currently in beta.

“Bitwage can generate bank accounts for users specifically for their relationships with their employer or client,” Bitwage’s co-founder and CEO Jonathan Chester told Bitcoin Magazine. “Through a partnership with a new banking partner, we are able to generate unique accounts for each unique client/worker relationship.”

He explained that these unique accounts allow for faster confirmation of receipt of funds, easier accounting management and the ability to get paid from any client, employer or platform.

In other words, it’s possible for a much more diverse base of users to smoothly conduct payment transactions using Bitwage.

Read more here.

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.