27 Mar '13, 3pm

Expensify now lets companies reimburse international employees in Bitcoin

Expensify now lets companies reimburse international employees in Bitcoin

Businesses using Expensify will soon be able to reimburse international employees in Bitcoin. The expense report company today rolled out support for the virtual currency, lending yet more momentum to the decentralized form of payment. Speaking to The Next Web , Expensify CEO David Barrett said that Bitcoin fills a legitimate need for the company. "As our user base grows internationally, we’re getting an increasing number of requests for cross-­currency reimbursement, and Bitcoin is absolutely perfect for this,” he said. Expensify already offers support for overseas reimbursements via PayPal, but the accompanying surcharge (4 percent) can quickly add up. There's no such fee when using Bitcoin. "We’re excited to use this technology in a pretty mainstream way," Barrett said.

Full article: http://www.theverge.com/2013/3/27/4152856/expensify-lets-...

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