Ethereum (ETH) price fails to rally in the face of good news Here is why

Ethers failure to respond to good news could be rooted in investors perception that macroeconomic conditions are worsening.

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Australia cracks down on online gambling with crypto, credit card ban

The government warned betting companies that failing to comply with the new rules could result in a fine of up to 234,750 Australian dollars ($155,000).

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Reports: Crypto Is at the Forefront of the Side Job Economy for Argentines

Argentines are increasingly turning to online side jobs to have an additional crypto-based income. According to the local press, students who have lower incomes and are affected by the adverse conditions of the national economy, are the ones who are commonly getting into these jobs with foreign companies or platforms that pay in crypto. Argentines [...]

The post Reports: Crypto Is at the Forefront of the Side Job Economy for Argentines appeared first on Crypto Breaking News.

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PODCAST: Is it time to switch your salary to USD? Bitwage CEO Jonathan Chester

This year, we have seen the dollar flip the euro. The pound has flailed all over the shop. Don’t even ask about Argentina, who are experiencing 83% inflation, or Venezuela, who barely have an economy anymore.

Inflation is surging around the world. The dollar has absolutely crushed other currencies, as I am sure you have lamented if you are getting paid in anything but the famous greenback – and have hence seen your salary shrink.

This is what made it so topical for me to sit down with the CEO of Bitwage, Jonathan Chester, on the latest episode of the Invezz podcast. Bitwage are a payroll solution provider. Through Bitwage, individuals can split up their salaries how they choose to between Bitcoin, stablecoins other cryptocurrencies, or a combination of everything.  

Around since 2014, Bitwage are about as old as it gets in the crypto space. It’s interesting to hear Jonathan chat about the growth in the number of people choosing to receive part, or all, of their salary in crypto through the years – with obviously the largest jump being during the pandemic, with a combination of The Great Resignation, the cryptocurrency boom and remote working all combining to be the perfect storm for a payroll solutions provider.

We also discuss pensions, with BitWage announcing last week that they have launched a 401(k) plan in partnership with 401(k) provider ForUsAll. This means employees can automatically attribute a portion of their paycheque to crypto, should they so please.

As somebody from Ireland – a euro country – who invoices their work each month, I am acutely aware of the incredibly volatile world of foreign exchange rates. Not only that, but the sheer dominance of the dollar has been staggering. So, it was fascinating to hear Jonathan chat about the pickup in people of foreign nations (especially Latin America and Africa) moving to get paid in USD stablecoins.

The below chart comes from a piece of analysis I published last month assessing quite how dominant the dollar has been. In the context of the below, why wouldn’t you consider apportioning a part of your salary to foreign currencies, if only for some diversification protection?

Obviously, this is dependent on the person. Some require payments abroad, have different time horizons, or different goals. Others want to invest in cryptocurrency. Some just want to hold the safest currency in the world – dollars.

But it definitely presents as an interesting topic to think about. In the year 2022, it has never felt more relevant.

As always feel free to reach out with comments!

Continue the conversation on Twitter with @InvezzPortal, @DanniiAshmore and @BitWage. Or visit https://www.bitwage.com/ for more information. 

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The post PODCAST: Is it time to switch your salary to USD? Bitwage CEO Jonathan Chester appeared first on Invezz.

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Bitwage, ForUsAll Partner To Launch Bitcoin, Crypto 401(k) Plans

Users will be able to access Bitwage features and the 401(k) on one platform and can make pre or post-tax contributions.

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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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Bitwage Partners With Casa, Edge Wallet For Streamlined Bitcoin Payroll Services

The payroll provider will leverage the wallets of Casa and Edge to streamline and automate payroll in bitcoin for businesses and governments.

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NFL Defensive End Alex Barrett Is Taking 100% Of His Salary In Bitcoin

NFL player Alex Barrett from the San Francisco 49ers is taking his entire salary in bitcoin through a partnership with BTC payroll service provider Bitwage.

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Betting picks, predictions, and odds for the NHL

As one of the most loved sports in the world, hockey offers a lot of betting opportunities. Fans of NHL hockey love its physicality and fast pace, which makes it one of the most exciting sports to watch. With a few well-researched and legal wagers, things only get better. How Does NHL Betting Work? You […]

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UFC Fighter Matheus Nicolau Joins the ‘Paid in Bitcoin’ Revolution 

Nicolau, originally from Brazil, is now the first Latin American fighter to get paid in the leading cryptocurrency.

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

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Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree – Emerging Markets Bitcoin News

The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account, […]

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Terra Founder Bets 8 Figures On The Success Of LUNA

Terra founder Do Kwon is putting up big money in a bet on his own protocol. Will LUNA rise to the top, or is Kwon just reaching max euphoria? Covered: Do Kwon’s Terra Bets What This Should Remind You Of Terra (LUNA) is one of the strongest performing blockchains of 2022. However, it might just […]

The post Terra Founder Bets 8 Figures On The Success Of LUNA appeared first on CryptosRus.

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Venezuela Will Peg Minimum Wage to Nation’s Cryptocurrency

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Bitcoin Payroll Provider Bitwage Launches New Platform

The update brings a redesigned dashboard and new features for employers and workers seeking to pay and get paid in bitcoin.

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BREAKING! Wages are not keeping up with inflation

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Bitwage Processes World’s First Bitcoin Payroll On Lightning

The bitcoin payroll company teamed up with Voltage and ACINQ to process the world’s first Lightning payroll.

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Mayor of Miami Accepts Full Salary in Bitcoin (BTC)!

The Mayor of Miami demands a full salary in BTC. Mayor states he will use Bitwage and Strike apps to

The post has appeared first on thenewscrypto.com

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Crypto Flipsider News – September 20th – Coinbase Signs $1.36M Contract, More Scrutiny for Binance, PayPal Completes International Expansion, Turkey Wages War Against Cryptocurrency, Ancient Bitcoin Stash Awakens

Read Monday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – September 20th – Coinbase Signs $1.36M Contract, More Scrutiny for Binance, PayPal Completes International Expansion, Turkey Wages War Against Cryptocurrency, Ancient Bitcoin Stash Awakens at DailyCoin.com.

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The World’s Largest Payroll Providers Can Now Use Bitwage To Pay Employees In Bitcoin

Employers using payroll providers like ADP, Paychex and Paycom can now utilize Bitwage to easily pay their employees in their preferred currency.

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