Bitcoin is now helping Indians receive bigger paychecks

Indian Bitcoin exchange Unocoin has partnered with Bitwage in an effort to improve wages for international workers. Leveraging bitcoin transactions, Bitwage is able to skip currency exchange and international transaction fees. It transfers wages directly to workers in India, who now have the option of being paid in Indian Rupees. This means that Indians can receive a bigger paycheck from the U.S., Europe, and the U.K., usually at better rates when compared to conventional means. With this addition, employees in India are only required to sign up on Bitwage and a Unocoin account will be automatically created giving them the option of withdrawing directly in INR. Although transactions are carried out on the Bitcoin blockchain, employers are not required to deal with Bitcoin directly and can send payments directly in EUR, USD, GBP, and other national currencies. Read more: