Cashila to allow Europeans to receive wages in bitcoin

Now Accepting | November 16, 2015 By:

Cashila announced the release of Reserve Cashila Feature, allowing European employees to request their wages to be paid in bitcoin through a simple bank or SEPA payment.

“This is a faster and cheaper version of banking as we know it. Your version,” said Cashila co-founder Jani Valjavec.

The payment process of the sender or the employer will stay the exactly the same. On the Cashila platform, the receiver will create a payroll request with the inclusion of necessary bank details, including specific reference number, IBAN Bank account number, payment amount, etc.

Once completed, employees and freelancers can export the invoice as a PDF or send it via email to their employers and wait for the payment to be processed by the bank and Cashila.

The users of the platform may also receive bitcoin through a European bank account, by transferring bitcoin to the platform’s Euro Wallet, then immediately converting to Euros.

Cashila is a Europe-based bitcoin services provider.