The CEO of Bitwage CEO said the company would be improving millions of lives after its recent implementation on the Stellar blockchain. 

Crypto payroll provider Bitwage announced on Thursday, August 11th, that it is now offering the digital dollar (USDC) stablecoin to be distributed via the Stellar blockchain on their platform.

Thanks to this latest development, companies across the world now have a fully compliant, easy-to-use, and frictionless solution when it comes to paying their employees and contractors globally. 

Following this implementation, Bitwage aims to provide a new solution that makes it easier for companies to hire alent across different continents and countries

At the moment, both companies and workers suffer from issues such as the loss of certain percentage of funds when using the global banking systems, the long waiting time to receive payments and more. 

The issue discourages some companies from hiring talents outside their countries. However, Bitwage’s latest announces means that  workers are now able to receive any percentage of their salaries they want in digital dollars, via USDC. 

This latest development means that companies and employees would enjoy lower costs, same-day deposits of their funds, the ability to store their savings in USD, and the ability to get local currency exactly when they need it.

Credit Bitwage CEO Jonathan Chester exclusively told Coinjournal that;

“It’s been great working with the stellar team. Together, we’ll be empowering millions to receive wages in the currencies they want, faster and cheaper than traditional methods”

By taking advantage of USDC on the Stellar blockchain, workers are given access to USDC on a low-fee blockchain that has one of the longest histories in the industry.

Chester added that;

“USDC on the Stellar network has lower fees, so you can receive your money faster, cheaper and keep it as digital dollars for saving. Our users have been asking for low-cost options for stablecoins and we are very excited to deliver. Now, companies can guarantee cheaper, faster and better payment options to all their workforce. This option is fully regulated and compliant so all companies have to worry about is how to keep their employees happy and not worry about payments issues. Thanks to USDC over Stellar, digital dollars will make a huge change to people’s lives.”

Bitwage said although it made a name for itself in the Bitcoin payroll space, empowering people to get paid in USDC is a great alternative. 

The company concluded that using Bitwage for USDC payroll with Stellar gives both individuals and companies a low-risk option to partake in the crypto payroll revolution.

Bitwage is a San Francisco-based company that offersBitcoin, cryptocurrency and stablecoin payroll services including invoicing and benefits services. The company also offers resources to employers, employees, and freelancers with their robust, online platform.

As Brazilians celebrated Easter on April 17, 2022, CoinEx Charity worked with the Brazilian singer Mc Lustosa and launched a charitable event for poor children at Jardim Brasil and Parque Edu Chaves in the north of Sao Paulo, Brazil. During the event, staff members sent chocolate-covered Easter eggs to children in these poor communities and celebrated the festival with them. Having sent over 200 Easter gifts, the event delivered both warmth and care to local poor kids.

Mc Lustosa’s Instagram post

Easter is just like spring: it is a time of rebirth, renewal, and hope. For poor children in this region who live on public assistance, however, toys and snacks available to the average kid are a luxury. Moreover, they can’t even get Easter eggs on such a major occasion as Easter. To help them taste the joy of receiving gifts, CoinEx Charity prepared Easter egg gifts for 500+ children in poor communities in Sao Paulo, Brazil. Seeing the big smiles on the face of children who received the gifts, CoinEx Charity hopes that the event could leave these children with happy memories. 

Help the disadvantaged through good deeds

In 2022, CoinEx Charity launched a $10 million charity fund to help children and teenagers in poor areas around the world through charitable actions, ensuring their basic living conditions while giving them equal access to education. Following the principles of benevolence, mutual assistance, happiness, and sharing, CoinEx Charity strives to help more children in need grow up with good health and happy memories.

Since 2021, CoinEx Charity has launched a series of charitable events across the globe. In December 2021, CoinEx Charity visited children in Uniuyo Teaching Hospital and distributed care packages; on December 31, after Typhoon Rai hit the Philippines, CoinEx Charity immediately responded and offered full disaster assistance and a large donation; in February 2022, CoinEx Charity distributed living supplies to poor families in Iran; on February 15, after Brazil was hit by heavy rainstorms, CoinEx Charity immediately participated in local charitable events and made donations to the disaster-stricken areas; this April, upon learning that some poor children in remote areas of Brazil cannot receive the traditional chocolate gifts at Easter, CoinEx Charity prepared over 500 Easter gifts and delivered them to each child in person… In just a few months, CoinEx Charity has left its mark around the world.

Charity never stops

According to the 2021 Global Multidimensional Poverty Index (MPI), about 644 million children worldwide are multidimensionally poor. Many children still suffer from hunger, dropout, and disease in many dark corners around the world. Charity should be pursued through real actions, and efforts of public welfare should never stop. CoinEx Charity suggests that the international community should examine the circumstances facing poor children around the world and join hands to care for them. We can only improve the lives of more poor kids and provide them with a comfortable growth environment by making charitable efforts on a greater scale.

As the global impact of the COVID-19 pandemic gradually expands, the world has witnessed more conflicts, and more actions are urgently needed. Meanwhile, helping poor kids has become a pressing issue. Every child deserves a bright future. Always committed to the principles of charity, CoinEx Charity has called for the prioritization of children’s interests in countries across the globe. We should keep all children out of poverty, defend their rights, and protect their childhood. In the future, CoinEx Charity will launch more charitable events for children globally, encourage the general public to lend a helping hand to children in need, and jointly create a better world for children.

Ukraine is now accepting donations of dogecoin to support its fight to repel Russia’s invasion of the country – and the country’s vice prime minister is urging billionaire Elon Musk to participate in the fundraising effort.

Ukraine Vice Prime Minister Mykhailo Fedorov noted that dogecoin is now worth more than the Russian ruble, which has plummeted in value in response to crippling international sanctions. In his plea, Fedorov mentioned Musk and dogecoin co-creator Billy Markus by name.

“We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let’s do it,” Fedorov tweeted alongside a link to Ukraine’s official dogecoin wallet.

Dogecoin was trading at 13 cents per token as of Wednesday afternoon, according to data from Coinbase.

By comparison, the ruble was worth less than one US cent as Russia’s economy reeled from the sanctions – including the disconnection of certain Russian banks from the SWIFT international payments system and penalties enacted against Russian President Vladimir Putin himself.

@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let’s do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL

— Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022

Markus quickly responded to Fedorov’s request, revealing that he had donated some dogecoin.

“Dogecoin folks aren’t usually rich and dogecoin itself is generally used for small transactions, but we are a caring and passionate bunch those who want to help will offer what they can,” Markus wrote. “I hope the country can heal and rebuild stronger after all of this.”

Musk, a prominent dogecoin tout, has yet to respond to Federov’s tweet as of Wednesday afternoon. But the billionaire has played an active role in efforts to assist Ukraine, providing the country with access to SpaceX’s “Starlink” internet system in the event its own networks were compromised during the invasion.

In January, Musk’s firm Tesla began accepting dogecoin as payment for some products on its website.

Russia has escalated its attacks in recent days after making limited progress in its drive to capture Ukraine’s capital city of Kyiv and other objectives.

The Russian military’s offensive has included heavy shelling in civilian population centers, such as the Freedom Square in Kharkiv, Ukraine’s second-largest city.

Ukraine previously requested donations of leading cryptocurrencies such as bitcoin and Ethereum to assist its resistance efforts. On Tuesday, the Ukrainian government’s official Twitter account said the country was “grateful for the support and donations from the global crypto community as we protect our freedom.”