Friday February 26, 2021
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » BitPay Announces Beta Release of Bitcoin Payroll API

BitPay Announces Beta Release of Bitcoin Payroll API

PanAm Post Staff by PanAm Post Staff
January 14, 2014

Tags: bitcoinBitPay
0
0
SHARES
0
VIEWS
FacebookTwitterTelegramWhatsapp

EspañolBitPay, the world’s largest payment service provider for virtual currencies, has announced the beta release of a new bitcoin payroll API for employers to offer W-2 employees the ability to receive a portion of their net pay in bitcoin. The BitPay website states that the bitcoin portion of the net pay is treated as a net payroll deduction, and is handled post-withholding and post-garnishment, if any.

BitPay first developed the bitcoin payroll API at the request of their 20 employees, who all now receive a portion of their net pay in bitcoin. “Since all payroll and withholding taxes are taken out first from the employee’s gross income, bitcoins can be sent from the net pay tax-free, and the employer’s gross income reporting to the IRS remains unchanged,” said Bryan Krohn, BitPay’s chief financial officer.

RelatedArticles

Three Signs That Elon Musk Has the World at His Fingertips

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021

BitPay’s merchant base has grown to over 20,000 approved merchants accepting bitcoin and recently surpassed US$100,000,000 in bitcoin transactions processed.

Source: Yahoo Finance.

Tags: bitcoinBitPay
Previous Post

One Million Canadians to Cuba Every Year. Why Not US Citizens?

Next Post

Honduras: ZEDEs Are Coming

PanAm Post Staff

PanAm Post Staff

Related Posts

Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Analysis

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Analysis

Antiracist Baby: Netflix Series Loaded with Racially Indoctrinating Children

January 29, 2021
Dollarization Advances in Venezuela with Debit Cards for Foreign Currency Accounts
Politics

Biden forbids linking COVID-19 with China

January 28, 2021
Mexico, the Dilemma of Voting for a Comedian or an “Alleged” Rapist
Analysis

Biden Accelerates Change with Racial Undertones on the $20 Bill

January 27, 2021
Next Post

Honduras: ZEDEs Are Coming

Discussion about this post

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.