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Bitcoin is Now Helping Indians Receive Bigger Paychecks from Abroad

The Bitcoin Blockchain has enabled millions of workers in India to receive bigger paychecks in Indian Rupees through a new partnership between Bitwage and Unocoin.

 

Leveraging bitcoin transactions, Bitwage is able to skip currency exchange and international transaction fees. It transfers wages directly to workers in India, who now have the option of being paid in Indian Rupees. This means that Indians can receive a bigger paycheck from the U.S., Europe, and the U.K., usually at better rates when compared to conventional means.

With the economic crisis and the demonetization policies currently taking place in India, the new option is timely. More and more people are not only looking for new ways of accessing financial services, but are also turning to Bitcoin as a safe-haven asset.

Bitwage is not only offering a cheaper way for workers to receive their salaries compared to traditional channels like PayPal. Bitwage is actually paying employees more than what is transferred to them in addition to faster transactions.

Source: CWT News.

  • January 16, 2017 10:43 AM MSK
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