BitPay announces partnership with PEY

Announcements | March 24, 2016 By:

BitPay has just announced a new partnership with Hanover-based bitcoin payments company PEY. Under the agreement, PEY will be using BitPay’s bitcoin payroll API to offer bitcoin salary and benefits payments for businesses in Germany.

“PEY will be one of the latest companies to start using the bitcoin payroll API we launched in 2014, alongisde US-based HR platform Zuman and Canadian gaming marketplace OPSkins, which uses BitPay to issue more than $40,000 in bitcoin payouts daily,” said BitPay Sr. Sales Engineer Corey Glaze.

PEY is starting the bitcoin payroll rollout with German tech publication t3n, which will allow employees to opt in for bitcoin salary payments as well as an additional tax-free benefit of up to EUR 44. If the launch of the service in Germany is successful, PEY plans to expand the payroll offering to companies in other European countries.

BitPay is a bitcoin payment processor.