Strike rolls out feature that lets U.S. customers receive paycheck in bitcoin

Strike, a payment processor, has launched a new tool that allows users to convert their salaries to bitcoin. Workers are one step closer to receiving bitcoin wages thanks to this innovation.

Employees may take their paychecks and convert them to cryptocurrency in one simple step instead of waiting for their company to pay them in bitcoin.

Users can convert all or part of their paychecks into bitcoin using Strike. Rather than cashing out in currency and then converting back to bitcoin, customers can convert their paycheck directly to BTC.

Making bitcoin accessible to more people

The “Pay Me in Bitcoin” function was unveiled on Thursday and is part of Strike’s drive to make the cryptocurrency more accessible to its users.

Strike is best known for assisting El Salvador in the acceptance of bitcoin, but they are also a bitcoin-focused payment processor that allows customers to receive and send bitcoins.

Strike eliminates the requirement for firms to adopt cryptocurrency and begin paying their employees in it. Instead, employees have the option of converting their wages to fiat currency or cryptocurrencies.

Simplifying and speeding up the process

Strike’s release of the “Pay Me in Bitcoin” function follows Coinbase’s announcement of a similar tool just a few weeks ago.

Coinbase disclosed in a blog post that clients can now deposit their paychecks straight into cryptocurrency to simplify their trading activities and, like Strike, to speed up the process of users changing their money to digital assets.

Investors can now choose to deposit their entire income or a portion of it into their cryptocurrency trading accounts, which has been welcomed in the crypto community.

Customers can also choose to have their paychecks instantly deposited into U.S. dollars on Coinbase, which they can then use to trade on the website.

 

Image courtesy of Cointelegraph News/YouTube

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