Bitcoin payroll and invoicing platform Bitwage, with operations in the U.S and the U.K., has launched two new products: Inwage, an advisory firm that creates and deploys solutions for launching initial coin offerings (ICOs); and Ether Inputs, an invoicing platform that allows ICO companies to pay employees in their preferred currency.
[1]
“The world of cryptocurrency is ever changing. While we strongly believe that Bitcoin is the greatest store of value ever seen, we also recognize the value of new forms of digitized assets,” said Jonathan Chester, president of Bitwage and Inwage, in a statement. “With our new ICO and Ethereum solutions, we are excited to help move this part of the industry forward.”
Inwage
ICOs offer alternative opportunities for companies to raise funds for their startups, but the process of creating and running an ICO project is often risky, complicated and expensive.
Inwage, created as an advisory firm, provides easy-to-deploy services for companies of all sizes to launch their ICOs. It offers a turnkey solution that comes with several features, including technical support, which ranges from smart contract development to initialization; security compliance and advice; and help with marketing and visibility of an ICO project.
Running an ICO often means dealing with large sums of money; this means the company could become a target for hackers. While Inwage offers companies the tools needed to process and hold their funds, it can also provide additional security consulting solutions by helping ICO companies set up enterprise-grade security protocols. Furthermore, it offers recommendations to avoid failures of smart contracts, as well as website security to protect all transactions carried out in the ICO.
Chester told Bitcoin Magazine, “Bitwage has processed $50 million with 0 hacks and has insurance for errors and omissions and cyberliability. An additional $50
