- Bitwage partnered with For Us All to offer Bitcoin and cryptocurrency 401(k) retirement plans.
- Users will be able to access all of the features available though both companies on one platform.
- Users can make pre or post-tax contributions, allowing users to avoid capital gains tax on bitcoin in retirement..
Bitwage, a bitcoin and cryptocurrency payroll provider, has partnered with For Us All to offer 401(k) retirement plans with bitcoin, per a release sent to Bitcoin Magazine.
For Us All is a fintech company focused on providing high-tech 401(k) plans which support bitcoin and other cryptocurrencies.
Thus, while Bitwage continues to support functions that allow anyone to get paid in BTC, even if their employers don’t like it, those same users can now opt into a bitcoin or crypto-backed 401(k).
“Our goal is to provide a complete crypto payroll and benefits suite of services for employers and their workforce,” said Bitwage CEO, Jonathan Chester.
Contributions to the 401(k) can be made or a pre-tax or post-tax (Roth) basis. Users leveraging a Roth account would accrue zero capital gains tax on their bitcoin if they waited until retirement age to use the funds available.
“ForUsAll is one of the most seamless and compliant services on the market,” said Chester. “Together, we create a one-stop-shop of crypto benefits and services that can scale to thousands of employees.”
The partnership between the two companies is supported by a single-sign on experience, meaning users will have access to the full suite of features in one location. Additionally, all Bitwage users will receive three months of fees for the 401(k) plan waived for signing up for an unknown limited time.
The new partnership follows a waiting list initially put out by Bitwage to gauge interest in the product, which the company said received “overwhelming” support.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
USDC 
XRP 
Lido Staked Ether 
Dogecoin 
TRON 
Cardano 
Toncoin 
Wrapped stETH 
Shiba Inu 
Wrapped Bitcoin 
Avalanche 
WETH 
Chainlink 
Bitcoin Cash 
USDS 
LEO Token 
Polkadot 
Sui 
Litecoin 
NEAR Protocol 
Wrapped eETH 
Aptos 
Uniswap 
Pepe 
Internet Computer 
Dai 
Bittensor 
Artificial Superintelligence Alliance 
Monero 
Kaspa 
Ethena USDe 
Stellar 
WhiteBIT Coin 
Ethereum Classic 
First Digital USD 
POL (ex-MATIC) 
Stacks 
OKB 
dogwifhat 
Aave 
Filecoin 
Arbitrum 
Cronos 
Mantle 
Celestia 
