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Wagepoint and Buttercoin Offer First Bitcoin Payroll Solution for Small Businesses in the United States

NEW YORK, NY--(Marketwired - Sep 8, 2014) - Wagepoint, an HR tech company specializing in online payroll software for small businesses, has launched the first bitcoin payroll solution to be offered in all 50 states and U.S. territories for small- and medium-sized businesses.

In partnership with Buttercoin, a bitcoin trading platform backed by Google Ventures, Wagepoint enables businesses to link employees' bitcoin wallets as a second or third priority deposit. Employees can allocate the dollar amount or percentage of net pay they want converted into bitcoin. 

"Wagepoint is constantly looking to innovate and push the envelope when it comes to payroll software so we can give our customers and their employees the best online payroll experience," said Shrad Rao, CEO of Wagepoint. "Adding a bitcoin feature was a natural next step -- it's an exciting currency that is rapidly growing. It will undoubtedly change the way consumers make payments, and we are right at the forefront to help employers get this currency in employees' hands."

"By partnering with Wagepoint, we're helping make Bitcoin payroll easy," said Cedric Dahl, CEO of Buttercoin. 

Wagepoint's bitcoin announcement comes on the heels of its launch in the United States, making it the first payroll startup to offer services across North America. Serving more than 500 customers, Wagepoint's software is available in all 50 states and territories.

Other Wagepoint features include:

  • Quick onboarding with a 'Switch It' service to move customers enrolled in other payroll systems
  • Employee access to paystubs and employment forms
  • Multiple paygroups for payroll on different frequencies
  • Auto-approve with set-it-and-forget-it features
  • Support service within the app

The bitcoin feature is included in Wagepoint's Pro plan and requires no extra charge for employers. To start a free 30-day trial, visit www.wagepoint.com.

About Wagepoint
Wagepoint is an HR tech company with a simple, fast and friendly online payroll app for small businesses across North America. It is an easy-to-use payroll solution that can handle direct deposits, government remittances / reporting and all year-end reporting for both salaried and hourly employees.