In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.To try and solve these user problems, payroll and invoicing company Bitwage is introducing a freelance marketplace, allowing people to create multiple bank accounts to more smoothly process payments for freelancing and to accept crypto assets. The new platform is currently in beta.“Bitwage can generate bank accounts for users specifically for their relationships with their employer or client,” Bitwage’s co-founder and CEO Jonathan Chester told Bitcoin Magazine. “Through a partnership with a new banking partner, we are able to generate unique accounts for each unique client/worker relationship.”He explained that these unique accounts allow for faster confirmation of receipt of funds, easier accounting management and the ability to get paid from any client, employer or platform.In other words, it’s possible for a much more diverse base of users to smoothly conduct payment transactions using Bitwage.According to Chester, “A freelancer can receive from Upwork, freelancer, Toptal, etc and get paid in BTC or through crypto to receive fiat into their bank accounts faster and cheaper than the solutions offered directly on platform.”He added that the company already sees usage...
