Fintech Mode has partnered with technology-driven ecommerce platform Heroes, which will allow employees of the firm to take salary in Bitcoin
Mode & Heroes Partnership
As part of a new agreement, Mode Global Holdings PLC announced that workers of ecommerce platform Heroes would be able to receive a portion of their monthly pay in Bitcoin. Employees who elect to receive a portion of their compensation in Bitcoin will have their funds transferred to a Mode wallet, a Financial Conduct Authority-registered Bitcoin wallet.
Heroes, an innovative and rapidly expanding firm supported by 360 Capital Partners, Fuel Ventures, and Upper90, is interested in using Mode’s platform as an extra incentive for its workers. Once an employee elects to receive a part of their compensation in Bitcoin, their Bitcoin salary will be sent directly into their Mode wallet, which is a safe and FCA-registered Bitcoin wallet.
Once an employee elects to receive a part of their compensation in Bitcoin, their Bitcoin salary will be sent directly into their Mode wallet, which is a safe and FCA-registered Bitcoin wallet. According to Mode’s recent study of Bitcoin investors, 76 percent of UK respondents would be interested in an automatic Bitcoin investment when they get their income, rising to 81 percent for 25-34 year olds.
Quotes
Commenting on the partnership, Rita Liu, CCO at Mode, said: “We are delighted to be working with the Heroes team to bring their employees an innovative and secure way of investing in Bitcoin for the longer term through our payroll product. They are a great example of forward-thinking employers who answer to increasing demand from the employees’ community to be paid in digital assets.”
Giancarlo Bruni, Co-founder and CFO at Heroes, said: “We are very excited about the partnership with Mode, which through their Bitcoin payroll platform allows us to offer something very unique and innovative to our employees. Being able to receive salaries partly in Bitcoin has been very well received and adds another string to the bow of benefits available to our employees.”
