• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?

Bitwage Partners With Xapo for New Debit Card Service

Evan Faggart
by Evan Faggart
8 years ago
·
Posted in Bitcoin, Bitcoin Businesses, Bitcoin Service, Bitcoin Technology, Companies, News, News teaser, Press releases, Trending
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitwage is announcing that it will be partnering with Xapo, a bitcoin debit card provider, to release the Bitwage International Debit card. This international payroll debit card service is the first of its kind.  

Also Read:  Xapo Announces Free Multi-Signature Deep Cold Storage; Five Private Keys Generated Offline and Scattered Across the World

This debit card will allow employees and contractors using Bitwage’s bitcoin payroll service to withdraw United States Dollars, Euros, and British Pounds “directly from the blockchain.” Employees working outside of the US, Europe, and the UK will be able to use the Bitwage-Xapo debit card to withdraw in their local currencies as well. Due to Xapo’s broad service area, Bitwage will be able to offer this unique debit card service to over 170 countries.

Bitwage aims to compete with traditional international payroll services with its new debit card by using the blockchain to significantly lower transaction costs. On average, international payments cost 8% and take between 5 to 7 business days to process. When a company has multiple international employees, the difficulty and cost attached to traditional payment services is multiplied. According to Bitwage, using the old services “is just a plain mess to deal with.”

international-debit-card

The Bitwage International Debit Card is meant to cut through this hassle. By using bitcoin as the intermediary for international payments, employers can take advantage of the low costs associated with sending money over the blockchain. Furthermore, the fact that employees can use their debit cards to withdraw in their local currencies ensures that both employer and employee get the best of both worlds. Employers get the low cost of the blockchain, and employees can still have the convenience of using widely accepted local currencies.

Jonathan Chester, Founder and Chief Operations Officer of Bitwage, told Bitcoinist,

“It’s all about usability.  Many international employees and freelancers have been leveraging Bitcoin through our system, not because of speculation, but because they just wanted a better way to receive their wages.  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.”

Bitwage debit card users can also choose to spend their money in terms of bitcoin. If users decide to spend with bitcoin rather than withdraw fiat, they will have the convenience of using a debit card over a mobile wallet. Bitwage claims that using mobile wallets “at a point of sale is often a clumsy and awkward process.” Bitcoiners will either have to wait for the cashier’s wallet application, as well as their own, to load, or they will end up going somewhere that does not accept bitcoin.

Bitwage claims that its debit card offers a solution to both of these inconveniences. Since users will have a card, they will not have to use a wallet application for each purchase. Because of Bitwage’s partnership with Xapo, users can pre-load bitcoin into their Xapo wallets, which will be debited after each purchase using the Bitwage card. Furthermore, Xapo’s utilization of existing credit card infrastructures will allow Bitwage debit card users to spend bitcoin at places that do not accept the currency. When making a purchase with the card, the user’s bitcoin will immediately be converted to fiat, and will be sent to the merchant’s bank to be processed as a normal credit card transaction.

Unfortunately, due to Xapos inability to ship its debit cards to the United States, the Bitwage International Debit Card will not be available to people in the US. Bitwage says that the cards will still work in the US, though, so anyone visiting the country will be able to make purchases with their Bitwage debit cards.

The initial launch will be a beta phase of the new service. Anyone who signs up for this beta will receive the Bitwage International Debit card for free. People can sign up for a debit card at Bitwage’s website.

What do you think about the Bitwage International Debit Card? Let us know in the comments below!

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Evan Faggart

Evan Faggart

Follow

Evan is the Senior Editor of Bitcoinist.net. He has a bachelor's degree in History with minors in Economics and Political Science. When he's not acting like he knows what he's doing in the newsroom, Evan is most likely playing video games. Follow Evan on Twitter @EvanFaggart.

Full Profile

Related Posts

Green Cloud Mining earns $3,777 a day: Helps you easily deploy passive income from mainstream currencies such as BTC, DOGE, XRP, etc

Green Cloud Mining earns $3,777 a day: Helps you easily deploy passive income from mainstream currencies such as BTC, DOGE, XRP, etc

26 minutes ago
Musk calls again! Earn high returns on Dogecoin with ETHRANSACTION cloud mining in 2025

Musk calls again! Earn high returns on Dogecoin with ETHRANSACTION cloud mining in 2025

1 hour ago
Musk’s attention has set off a new wave of cryptocurrency in Dogecoin cloud mining, and the hashj cloud mining team leads investors’ enthusiasm

Musk’s attention has set off a new wave of cryptocurrency in Dogecoin cloud mining, and the hashj cloud mining team leads investors’ enthusiasm

1 hour ago
REEF CHAIN ANNOUNCES LANDMARK PRINCIPAL PARTNERSHIP WITH CRAWLEY TOWN FC

REEF CHAIN ANNOUNCES LANDMARK PRINCIPAL PARTNERSHIP WITH CRAWLEY TOWN FC

5 hours ago
Using BTC, USDC to earn 1700 euros per day through BCC mining.

Using BTC, USDC to earn 1700 euros per day through BCC mining.

5 hours ago
Bitcoin Mining

Bitcoin Mining Goes Full Summer Mode — BeMine Kicks Off Crypto Summer 2025

6 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Green Cloud Mining earns $3,777 a day: Helps you easily...

    26 minutes ago
  • Musk calls again! Earn high returns on Dogecoin with...

    1 hour ago
  • Musk’s attention has set off a new wave of...

    1 hour ago
  • REEF CHAIN ANNOUNCES LANDMARK PRINCIPAL PARTNERSHIP WITH...

    5 hours ago
  • Using BTC, USDC to earn 1700 euros per day through BCC...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.