Cornerstone Global Management, LLC, has adopted Bitcoin, Ethereum, Litecoin for its unmatched employee pay program dubbed Crypto Pay & Pension (CP3), NewsLogical has learned.
The Wisconsin-based firm is officially unleashing the program on its website come Saturday, October 26th. The firm, as well, adopted the Litecoin Foundation’s crypto wallet, Loafwallet, as a means of payment for the said program.
The Litecoin’s Loafwallet, being the premiere Litecoin storage for users over the years has over 50,000 downloads, and now the most preferred and adopted wallet for the initiative.
The CP3 program, will increase the usage of Loafwallet and popularize Litecoin especially among employees and pensioners.
This Saturday, the Crypto Pay & Pension Plan Beta program will be launched. The initiative allows any employee based in the US to choose whether his/her payment be converted to the either Litecoin, Bitcoin or Ethereum or all when they receiving the fund. This fund is then forwarded to their wallets of choice upon request.
The innovation by Cornerstone Global Management will increase the wide use of cryptocurrency and bring more legitimacy to employees and retirees across the US.
Charlie Lee, the Managing Director of the Litecoin Foundation, says “Being involved in the CP3 program is great for getting Litecoin and Loafwallet into the hands of as many people as possible”.