Bitwage

Bitwage is a blockchain-powered international wage payment solution that is faster & cheaper than traditional payments without requiring the payer to sign up.

  • Stage Full Product Ready
  • Industry Software
  • Location San Francisco, CA, US
  • Currency USD
  • Founded May 2014
  • Employees 4
  • Incorporation Type C-corp
  • Website bitwage.com

Company Summary

Avg cost of payments through bank wires takes between 5 days up to 15 days in corridors like Brazil, with fees about 8% on avg (world bank statistic). By leveraging blockchain technology, we reduce fees down to 1% and with next day payouts into local bank accounts without requiring payers to sign up. Our system is so frictionless for the clients, that we already process payroll from companies such as facebook, google, or even the US Navy.

Team

  • John Lindsay
    CEO

    Creator and Lead Engineer of Oracle internal sales process application called "Who App".
    Founder, Editor-in-Chief of Stanford Undergraduate Journal of Classical Studies. http://www.stanford.edu/dept/classics/cgi-bin/web/aisthesis

  • Jonathan Chester
    President

    Founder and President of Bitwage. Contributor on forbes for all things bitcoin & blockchain related.
    Featured in Entrepreneur magazine, FinancialIT
    Spoken in front of members of the European Parliament regarding regulation of the blockchain industry as well as for the Amsterdam Institute of Finance and conferences such as SCAPayments, Transact15 and Inside Bitcoins.

    Previously worked in Sales at Oracle.

Advisors

Previous Investors

  • Draper Associates
    Unconfirmed
    Orange Silicon Valley (Through Orange Fab)
    Unconfirmed
    Plug and Play Venture Group
    Unconfirmed
  • Simon Dixon
    Simon Dixon

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