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Uphold launches global cryptocurrency payroll for gig workers; Amazon debuts debit card in Mexico
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| Two interesting stories in today's newsletter. First, a new global cryptocurrency payroll program launched by Uphold in partnership with Bitwage and Dash. The platform lets employers quickly and inexpensively pay their suppliers in cryptocurrency, which can then be converted to various currencies, depending on the worker and country.
In Mexico, Amazon saw a market building opportunity for their e-commerce business and launched Amazon Rechargeable – a debit card aimed at the two thirds of Mexicans who do not own a credit card and are under-serviced by banks. Just think if Amazon had its checking account ready for Prime time (pun intended)? |
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Uphold expands cryptocurrency payroll to gig economy/underserved workers
A new Uphold partnership will simplify and speed up the payroll process for employers paying employees and freelancers, and freelancers invoicing clients around the world. The partnership brings together Uphold with Bitwage, an international payroll processing service, and digital currency Dash in a new cryptocurrency payroll platform. Read more… |
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Amazon Rechargeable debit card launches in Mexico
According to government research, fewer than one-third of Mexicans own a credit card. With such a large un-banked population, Amazon saw an opportunity to grow its e-commerce business by launching its own debit card called Amazon Rechargeable. Read more... |
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