Bitwage has announced a new partnership with their third UFC ambassador, and they officially launched their preferred wallet feature.
On August 1st, 2022, news broke that Bitwage were collaborating with Casa and Edge as preferred wallet partners.
Simply put, this means that users “can now download and access Casa or Edge as wallet options via [the Bitwage] platform.” It may sound like a minor change, but “the implications are massive for new Bitwage users.”
Bitwage recently confirmed that this feature is going live.
As explained in the update, this makes their sign-up process much “more streamlined.” For new users who are unfamiliar with crypto – and without a wallet – this small change “puts the power in their hands.”
By giving their users two “trusted” options like Edge and Casa, Bitwage is asking them “to take self-custody into their own hands, which is the most liberating part of being a crypto/Bitcoin holder.”
Second, the Bitwage team views this move “as a part of Bitwage’s dedication to educating new and current users.”
Jonathan Chester, Bitwage CEO, said:
“Education is a very important part of the Bitwage experience, and part of this experience is helping our users understand wallets while teaching them how to be their own bank.”
Previously, when using Bitwage, new users had to “come to the table” with a wallet address before using their service. Now that they offer Edge and Casa as preferred options, this is “no longer the case.”
The feature can be “accessed by companies and individuals, and for both parties, the process is simple.”
On the Bitwage platform, it is “merely a matter of selecting your cryptocurrency of choice, and then choosing a wallet – Edge or Casa – where you’d like the crypto sent.”
From there, users can easily “download the wallet of their choice and connect it back to the Bitwage platform.” And, just like that, you now “have a wallet to receive your crypto allocations after each payroll.”
Starting today through October 14, 2022, Bitwage customers are “eligible for 10% off their first year of a Casa Gold, Platinum, or Diamond membership.” You may head on over to Casa and “use discount code BW10 at checkout to redeem this limited-time deal.”
Bitwage is also pleased to announce their partnership with Argentinian UFC fighter Guido Cannetti. Using Bitwage, Guido will be “receiving 100% of his salary in the USDC stablecoin via the Stellar Network on Vibrant, which is a wallet app developed by the Stellar team specifically designed for Argentines facing inflation.”
For Argentines in the modern era, inflation is “a brutal reality that destroys the purchasing power of their local currency.” Many are left in situations where they are “desperately seeking a solution to preserve the value of their work.”
This is where stablecoins come in. USDC is “a cryptocurrency that can be exchanged 1:1 for U.S. dollars.” It has been “trusted for years as low-risk, which is why it has attracted the attention of Argentinians looking to escape inflation.”
By using USDC on the Stellar Network – “a reliable, resilient blockchain – Argentines are able to access USDC with low-cost transactions and near-instant payments.”
Jonathan Chester, CEO of Bitwage, said:
“We love partnering with athletes and influencers on deals like this because it pushes the needle forward on crypto adoption. Whether it’s Bitcoin or a stablecoin like USDC, it’s our goal to create good financial products in the crypto ecosystem while also making them ubiquitous in the everyday lives of workers around the world. We believe everyone should have an opportunity to earn their wages quickly and securely in order to preserve the value of their work.”