This summary covers Jonathan Chester's discussion at CoinCongress 2015 regarding Bitwage's services and the growing movement away from traditional banking structures.
Summary
Jonathan Chester discussed Bitwage's payroll integration service, which allows employees to receive a portion of their paycheck automatically converted into Bitcoin. He noted the rapid growth of the platform, reporting month-over-month increases between 30% and 100%.
The primary focus was the launch of a "cloud-saving solution." This new feature allows users to hold and receive wages in a highly diversified manner, not just Bitcoin. Users can now allocate funds across 17 different currencies and precious metals (including gold, silver, euros, and dollars), making it a "diversified payroll." While wages can be diversified, all purchases made through the system are still processed via Bitcoin. Chester framed the service as a means for individuals to "vote" against the current financial system by controlling where their money goes.
Main Topics Discussed
* Bitwage’s payroll integration service (converting paychecks to Bitcoin).
* The new "cloud-saving solution" for diversified wages.
* Diversification across multiple assets (metals, fiat, and crypto).
* The philosophical shift of using personal finance as a form of protest against traditional banking.
Key Quotes
1. "We've been growing anywhere between 30% and 100% month-over-month."
2. "Think of it like a diversified payroll in a certain respect."
3. "The only way they can vote is with their money."
People Mentioned
* Jonathan Chester (Bitwage)
Bitcoin Price
* Not mentioned.