[teh_klev]

>The real benefit is time of transfer. ACH is infuriatingly slow. If you'd like a payroll run to arrive in employee accounts on a Friday, it must be initiated almost a week prior.

In the UK we have a thing called the Faster Payments Service [0]. It has (for now) ten participating banks which cover probably 95% of PAYE UK employees - all the big high street banks are on the scheme. I see my salary in my account in sometimes less than 30 minutes after the company payroll has been run.

I realise there will be edge cases such as employees who work offshore as I did for three or so years, but I kept my UK bank account and that bank's Visa Debit card pretty much works everywhere in Europe (it certainly wasn't a problem in the Republic of Ireland).

The only other caveat to the above is that I work for a SME (Small to Medium sized Enterprise) and SME's do tend to be a bit more agile and run their payroll in-house. Realistically, you probably wouldn't expect to see large enterprises such as BT or Vodafone choosing BitCoin.

I'm not dissing the idea of Bitwage, but in the UK it'd be solving an edge case problem.

[0]: https://en.wikipedia.org/wiki/Faster_Payments_Service#Partic...