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Making Moves, BitPay’s Bitcoin Payroll now available though Zuman and Incoin

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BitPay announced today at Money2020 that two payroll service providers, Zuman and Incoin, are now using its payroll API to enable employees to receive any portion of their wages in bitcoin.

Zuman is a cloud-based HR solution that handles payroll, benefits, and talent management for high growth companies.

“Offering employees choices through payment alternatives on payday is a part of what Zuman is all about,” said Doug Devlin, co-founder and CEO of Zuman. “Through our partnership with BitPay, we will be able to better help companies that are moving beyond their startup phase attract and retain high value employees.”

Incoin offers a user interface for employers to pay their employees, without the hassle of having to switch payroll providers.

“Incoin is the best option for any employer who wants to give more freedom and incentives to employees,” said Cody Littlewood, CEO of Incoin. “BitPay has been a crucial partner to us. Their knowledge and commitment to Bitcoin, combined with their integration options, were deciding factors for us to use BitPay’s API versus competitors.”

BitPay’s Payroll API supports multiple currencies and can send payments to any bitcoin wallet. Employees who opt to take a portion of their after-tax earnings in bitcoin will have it seamlessly deposited into their bitcoin wallet each pay cycle. BitPay’s API makes the exchange rate available to the employer, so that the employee can properly account for the cost basis of the bitcoin that they earned.

“There’s no need to buy bitcoins any longer, when you can receive them as part of your normal paycheck,” said Tony Gallippi, Co-Founder and Executive Chairman of BitPay. “With Zuman and Incoin, employers can enable employees to have bitcoins automatically sent to any bitcoin address, in any bitcoin wallet, worldwide.”

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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