Bitwage Launches Native SegWit Support to Slash Bitcoin Payroll Fees
Bitwage, a pioneer in crypto payroll solutions, today announced full native support for Bitcoin Segregated Witness (SegWit) addresses for all Bitcoin payroll outputs—boosting efficiency and reducing transaction costs.
🚀 What This Means for Bitwage Users
Following the Bitcoin network’s SegWit activation on August 24, 2017, Bitwage initially implemented a workaround using P2SH‑wrapped SegWit addresses (P2SH‑P2WPKH). This stop‑gap solution delivered fee savings, but now Bitwage users benefit from direct SegWit support, resulting in even lower fees and faster Bitcoin transfers.
According to the original Crypto Ninjas report dated April 19, 2018:
“Bitwage, a cryptocurrency payroll company … announced the implementation and direct support for Segregated Witness (SegWit) addresses for bitcoin payroll outputs.”
Benefits: Higher Value, Lower Costs
By adopting native SegWit, Bitwage significantly reduces transaction size and network congestion, passing savings directly to users. Crypto Ninjas explains:
“Benefits, of course, will see reduced fees from SegWit implementation and allow the company to offer users better value for services.”
This move supports Bitwage’s mission to provide secure, cost-effective Bitcoin payroll for remote teams and global contractors.
Scaling Further: Eyeing the Lightning Network
As noted in the same article, Bitwage is already exploring Lightning Network integration to further scale Bitcoin payouts:
“We are also looking forward to the launch of the Lightning Network, the off‑chain payment channel scaling solution … should lower fees … and allow Bitwage to get users their Bitcoin even more quickly.”
This forward-thinking roadmap positions Bitwage to offer near-instant, ultra-low‑fee wage disbursements—ideal for micropayments, cross‑chain payments, and exchange arbitrage.
Why This Matters for Crypto Payroll
Implementing native SegWit is a major milestone for any crypto-payroll platform. It aligns with industry-wide benefits:
- Up to ~40% lower Bitcoin transaction fees
- Enhanced compatibility with modern wallets (bech32, P2WPKH)
- Preparatory groundwork for future scalability upgrades (e.g., Lightning)
Altogether, this translates to smoother, more affordable Bitcoin salary delivery for employers and workers around the globe.
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By leveraging SegWit and future Lightning solutions, Bitwage strengthens its position as the go-to crypto payroll provider offering fast, low‑cost Bitcoin payouts worldwide.
Original coverage by Crypto Ninjas, April 19 2018
