Bitwage creates a reputation system for job seeker payment verification based on the Bitcoin blockchain

In addition, there is good news that Bitwage has announced the addition of additional payment methods. The United States, Europe, India, Vietnam, Argentina and other places will have ways to pay in local currencies.

Bitwage, a global Bitcoin-based payroll solution for businesses, has made a name for itself in the payroll business. The company has announced the release of a new feature called “My Employment”. This new feature lets users create a professional payroll verification profile and creates a reputation system for Bitwage users. This new feature will increase the base of internet customers for freelancers and remote workers.

For many people, Bitwage’s service solves a lingering problem. Getting paid, especially for connections made over the internet, is not an easy task. Many workers have dealt with delayed payments or reduced earnings due to intermediary fees. The benefits of using Bitcoin for payments in this type of business are obvious, and Bitwage has been integrating this service since July 2014.

While the company made it easier for workers to get paid with lower fees, it didn’t solve the bigger problem. Many freelancers are still looking for new clients. When none of the existing Bitcoin platforms offered a usable reputation system for paying for work, Bitwage came up with a solution.

Bitwage's "My Employment" feature

The “My Employment” feature allows users to build an account-based reputation system. Companies and businesses looking for freelancers can see if the freelancer has been successfully paid for work completed in the past. The new platform will display the worker’s payment verification information to potential clients. Since Bitcoin is used as a payment method, the information is recorded on the Bitcoin blockchain, which is immutable.

There are two different reputation systems in existence today. The old reputation system doesn't work because it can be easily manipulated. The payment verification system cannot be manipulated because money is only sent if the reputation is earned.

What is more interesting is how existing Bitwage users can use their previous payment history as credibility. Their resume can list past employers and the amount they were paid. All of this information can be set to be visible to the public or privately, depending on the user's needs.

Users will be given a personal URL containing all their information. Public resumes will be listed on a dedicated page that anyone can view. Employers can contact workers directly and offer them a new job through this system.

More payment options coming soon

Here’s the good news, Bitwage has announced the addition of additional payment methods. The United States, Europe, India, Vietnam, Argentina, and more will now be able to receive payments in local currencies. In addition, they no longer need the platform’s invoicing solution to receive local payments. This exciting development will propel this Bitcoin company to global heights.

The company has made a breakthrough in payment processing. In September 2015, Bitwage processed more than $1 million in payroll transactions. Today, that number has grown dramatically. The company processed $1 million worth of transactions in August alone, which shows that there is still a huge demand for their services.