Workers in India stand to benefit from a recent announcement by Bitwage, a blockchain-powered international wage disbursement and job acquisition solution, and Indian bitcoin company Unocoin who revealed the launch of a partnership. Bitwage is a solution for international trade processing needs which harnesses blockchain technology to cut transaction costs and time. Powered by Unocoin’s recently announced API, the Bitwage platform is accessible on all web, iOS, and Android applications.
With the new integration, Unocoin is helping Bitwage further expand in India. Contractors, employees, and businesses can now sign up on Bitwage, selecting INR as their currency, and generate a Unocoin account automatically. With the service, Indian employees will be able to receive their wages in INR from companies based in the United States, Europe, and United Kingdom, typically at far better rates than competitive services. Companies such as Uber, Facebook, Google, and Airbnb already use Bitwage to send money to their employees.