The UK Company Paying a Global Workforce with Bitcoin

Leeds company offers Bitcoin payments to members of its global workforce.

In response to increased worldwide awareness of the rising value and potential applications of cryptocurrencies including Bitcoin, one Leeds based company is leading the way in offering Bitcoin payments to members of their global workforce.

Victvs Ltd based in Leeds, is a global company providing business support services in over 100 countries. With a global network of over 1000 people, managing international payments to so many countries can be very difficult. Victvs see Bitcoin as a welcome additional option through which to pay their global network and from 1st December 2017, began offering its members the option of receiving payment in the cryptocurrency.

Victvs CEO and founder Ben Clayson, believes that Bitcoin and Blockchain technologies hold exciting potential for his global workforce, “As the connected global workplace evolves, new tools and technologies like Bitcoin are being created to provide people with greater individual control over resources including finance. We believe that cryptocurrency payments will have real benefits for the members of our global network and we expect to see developments in Blockchain technology having a profound effect on our industry in the near future.”

From the point of view of international beneficiaries, receiving payments in Bitcoin comes with far lower processing fees and much quicker receipt of payment than traditional banking methods. Whilst the legislation surrounding cryptocurrencies is still unclear in many countries, Bitcoin and others including Ethereum and Monero are gaining in popularity all over the world.

Contrary to popular belief, payments made in Bitcoin are not anonymous and the funds can be exchanged for material goods, with everything from sushi to properties now being offered with a Bitcoin price. Despite not being expected to replace traditional currencies, there is no escaping the phenomenal growth of cryptocurrencies and Blockchain.