Exclusive: Bitwage partners with Argentinian UFC fighter Guido Cannetti

Invezz can exclusively report that Bitwage has partnered with Argentinian UFC fighter Guido Cannetti.

Following the partnership, Guido will receive all his salary in USDC stablecoin through the Stellar Network on the Vibrant wallet app using Bitwage.

Inflation has become a brutal reality for Argentinians since it is reducing the purchasing power of their local currency. A majority of Argentinians have been left in a position where they are desperately looking for ways of preserving the value of their hard-earned money.

This is where stablecoins come in and the USDC stablecoin which can be exchanged 1:1 for the US dollar offers a good opportunity for the likes of Guido.

By using  USD Coin (USDC) stablecoin on Stellar Network, a reliable and resilient blockchain, Argentines can access USDC with low-cost transactions and near-instant payments.

Commenting about his move to get paid in USDC, Guido said:

“I am getting paid in USDC because it is safer for my future, and Bitwage is the best option to do this. Their customer service, their product, and everything about them works great for beginners like me.”

In a rejoinder, Jonathan Chester, the CEO of Bitwage said:

“We love partnering with athletes and influencers on deals like this because it pushes the needle forward on crypto adoption. Whether it’s bitcoin or a stablecoin like USDC, it’s our goal to create good financial products in the crypto ecosystem while also making them ubiquitous in the everyday lives of workers around the world. We believe everyone should have an opportunity to earn their wages quickly and securely in order to preserve the value of their work.”

Besides Guido, there is a long list of athletes that have joined the list of ambassadors supporting Bitwage.

Some renowned athletes that currently use Bitwage for their crypto payroll services include UFC fighters Luana Pinheiro and Matheus Nicolau, US soccer players Achara Infunanyachi and Alex Crognale, and American football player Alex Barrett.

The post Exclusive: Bitwage partners with Argentinian UFC fighter Guido Cannetti appeared first on Invezz.

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Exclusive: Bitwage CEO wants to ’empower digital dollar salaries globally’

Crypto payroll provider Bitwage has continued with its push to drive innovation of crypto payrolls by integrating the digital dollar (USDC) stablecoin on the Stellar blockchain. The move is aimed at empowering digital dollar salaries globally.

Companies worldwide can use Bitwage’s fully compliant, easy-to-use, and frictionless solution in paying their employees and contractors globally. With the latest implementation of digital dollar on Stellar Network, Bitwage users will be able to hire talent across different countries and continents seamlessly.

Stellar is a low-fee blockchain that has one of the longest histories in the blockchain industry.

Following the implementation, said Bitwage CEO Jonathan Chester said:

“USDC on the Stellar Network has lower fees, so you can receive your money faster, cheaper and keep it as digital dollars for saving. Our users have been asking for low-cost options for stablecoins and we are very excited to deliver. Now, companies can guarantee cheaper, faster and better payment options to all their workforce. This option is fully regulated and compliant so all companies have to worry about is how to keep their employees happy and not worry about payments issues. Thanks to USDC over Stellar, digital dollars will make a huge change to people’s lives.”

Paying employees in foreign countries is a process plagued with many problems, including being too expensive and taking too long.

Over the years, companies have leveraged the traditional banking system for payrolls; something that can take hours since accurate reporting requires a lot of effort and time. In addition, employees around the world lose up to 10% of their salaries and wait for between five days and two weeks to receive their pay when using the traditional bank wire services.

To make things worse many of these employees receive their pay in local currencies at a much higher rates of inflation losing an addition 5% to 20% of their money compared to the dollar every year.

Following the integration with Stellar Network workers will now be able to receive any percentage of their salaries using digital dollars (USDC) via Bitwage. This translates to lower costs, same day deposits, and the ability to retain their payments in USD and also get their local currency immediately when they need to convert.

The post Exclusive: Bitwage CEO wants to ’empower digital dollar salaries globally’ appeared first on Invezz.

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Continue reading UFC Fighter Matheus Nicolau Joins the ‘Paid in Bitcoin’ Revolution  at DailyCoin.com.

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The post Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’ appeared first on Crypto Breaking News.

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The post Bitwage halts USDC payments for US residents, cites ‘strict regulations’ appeared first on CryptoSlate.

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