The Bitcoin Purchase Plan (BPP) offers an approachable, yet unique opportunity for employers to support their team members in building wealth for their future. Bitcoin savings plans use a common investment strategy of ‘dollar-cost-averaging’ (DCA), the BPP makes it easy for anyone and everyone to start purchasing Bitcoin, incrementally, on an ongoing basis.
The Bitcoin Purchase Plan removes the emotion of the volatility Bitcoin can experience, and encourages the Bitcoin Saver to continually acquire Bitcoin regardless of market swings. Participants in the Bitcoin Purchase Plan are users that are buying Bitcoin for the “long-term” and are excited about the long term benefits hodl-ing Bitcoin can provide
The Bitcoin Purchase Plan is an accessible way to help employees enter into the world of owning Bitcoin, and safely storing it themselves. By offering it as an alternative or alongside existing benefits and pensions packages, employers have the opportunity to stand out in the marketplace, and teach their team members about this innovative technology.
Like any employer sponsored savings plan the BPP uptake is most successful when there is an incentive from the employer to participate. This is especially true for a Bitcoin savings offering. Even though the name has been around almost 15 years, almost everyone today is still new to Bitcoin. There is a steep learning curve toward understanding what Bitcoin is, what it does, and why you might want to own some. As an employer taking leadership in offering this cutting edge benefit, signaling to your staff that you're serious by building in a matched contribution will go a long ways toward getting your team excited.
If your company is looking to offer this benefit and not contribute directly, we can accommodate this option so long as the employee participation meets our minimum thresholds of 6 members and a monthly purchase of $200 total.
If you like the idea of buying every staff member a certain amount of Bitcoin per month this is the option for you. Employer only plans are the path of least resistance for integrating BPP into your compensation strategy.
Many employers calculate their contribution budgets for savings plans based on payroll. If this strategy appeals to your organization we can help you plan this way. Our benefit allocation tool calculates percent of salary and you have the full ability inside our platform to update your incomes and adjust benefit amounts as frequently as you need to.
Bitcoin stands out as the premier digital currency choice for businesses entering the realm of cryptocurrency payments. Its unparalleled attributes make it the optimal selection, particularly for enhancing recruitment and retention efforts. Over its 14-year tenure, Bitcoin has exhibited remarkable resilience amidst market fluctuations, consistently maintaining its status as the foremost digital currency. With its unique combination of decentralization, price stability, and widespread adoption, Bitcoin emerges as the sole contender worthy of consideration in the corporate landscape.
The billing Bitcoin Purchase Plan (BPP) functions the same as benefits or a group RRSP / pension. Block Rewards sends you an invoice confirming employee contribution amounts and then withdraws the company total through pre-authorization and then distributes the Bitcoin directly to your staff.
No, Block Rewards is a non-custodial service. We purchase all Bitcoin on the same business day as the funds arrive from your company. Bitcoin are then immediately sent to your employees wallets.
There is no minimum number of required employees. We do require $150 minimum total purchase per pay run.
Bitcoin is a transformational financial tool that works differently than the financial tools we are used to. It's a big change! We are here to help at every step of the way and make this leap forward as simple and straightforward as possible.
Building Bitcoin into compensation and rewards will position your organization today, to recruit and retain staff in the economy of tomorrow. Why wait? Get started with submitting some basic info below. A Block Rewards team member will reach out shortly!
Welcome to Block Rewards! Headquarter based in Kelowna, BC, we're dedicated to helping Canadian employers seamlessly integrate Bitcoin into their compensation, benefits, and retirement plans. As a registered Money Services Business (MSB) with FINTRAC, trust us to lead the way in compliant, innovative solutions. Join us in shaping the future of finance, one block at a time!
