Topic: 2013-03-27 ITbusiness: Expensify offering bitcoin option for employee expenses (Read 1023 times)
March 27, 2013, 02:00:21 PM
Hopefully other big players will follow suit
March 27, 2013, 11:41:36 AM
The other upside to this is now not only is another large company using BTC, but this is a really great avenue to get BTC into the hands of so many people.
March 27, 2013, 11:36:26 AM
This is very exciting. To me, this is the best implementation of bitcoin.
If is a classic case of where Bitcoin is at its best. Making relatively small payments to individuals across international borders. By the way this is huge, since among other things the companies paying these expenses are for the most part large multinational corporations.
March 27, 2013, 11:17:21 AM
This is very exciting. To me, this is the best implementation of bitcoin.
March 27, 2013, 11:14:43 AM
March 27, 2013, 09:52:15 AM
from the Expensify blog http://blog.expensify.com/ :
"Maybe you’ve heard of Bitcoin recently in the media. It’s quickly gaining popularity and we believe we are the most mainstream company to implement it with an actual business implication. We’ve hinted that it’s coming, but today we are excited to announce Expensify has added Bitcoin as a reimbursement option for your expense reports. Fans of digital, decentralized, crypto-currencies rejoice!
"We see Bitcoin as more than just a gimmick. It is a great solution to a real world problem facing businesses today – international reimbursement. We think this is a big deal. Previously, our US companies with international employees or contractors were incurring currency conversion or wire transfer fees to the tune of 4% in some cases. To this end, Bitcoin is a great tool for minimizing the cost of reimbursing companies outside of the US. As a plus, transfers are secure and instant – no more waiting multiple business days for your ACH to clear!"
This is good.
"Maybe you’ve heard of Bitcoin recently in the media. It’s quickly gaining popularity and we believe we are the most mainstream company to implement it with an actual business implication. We’ve hinted that it’s coming, but today we are excited to announce Expensify has added Bitcoin as a reimbursement option for your expense reports. Fans of digital, decentralized, crypto-currencies rejoice!
"We see Bitcoin as more than just a gimmick. It is a great solution to a real world problem facing businesses today – international reimbursement. We think this is a big deal. Previously, our US companies with international employees or contractors were incurring currency conversion or wire transfer fees to the tune of 4% in some cases. To this end, Bitcoin is a great tool for minimizing the cost of reimbursing companies outside of the US. As a plus, transfers are secure and instant – no more waiting multiple business days for your ACH to clear!"
This is good.
March 27, 2013, 09:24:32 AM
Nice. This is the sort of use where bitcoin can show its strengths. We need more of this.
March 27, 2013, 07:59:28 AM
Very cool!
March 27, 2013, 07:52:59 AM
http://www.itbusiness.ca/news/expensify-offers-to-reimburse-your-employees-with-bitcoins/31306
Expensify (Silicon Valley): Bitcoin now offered (instead of bank deposit) for international employee expense reimbursement.
With 200,000 companies using their system and 1.4M users, could be pretty significant.
Expensify (Silicon Valley): Bitcoin now offered (instead of bank deposit) for international employee expense reimbursement.
With 200,000 companies using their system and 1.4M users, could be pretty significant.
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