Mode Global Partners With PayEscape to Pilot Bitcoin Payroll Program

By Joe Hoppe

Mode International Holdings PLC stated Thursday that it has partnered with payroll supplier PayEscape to launch a pilot of U.Ok.’s first Bitcoin Payroll product, with an inside check pilot underway.
The fintech firm stated Bitcoin Payroll will deduct a portion of an workers web pay every month, changing it into Bitcoin and depositing it into the person’s Mode Bitcoin pockets.

An inside check pilot is underway with important uptake, the corporate stated. Pilots shall be run inside Mode and PayEscape all through the remainder of 2021 and the start of 2022.
“I’m delighted to have the ability to leverage our regulated, trusted atmosphere to ship these advantages and construct on the already robust wealth that’s saved inside the Mode ecosystem,” Chief Govt Ryan Moore stated.

                        

                

					

                     
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Shares at 0856 GMT had been up 1.75 pence, or 5.4%, at 34.0 pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com