Winklevoss brothers exchange Gemini and Bitwage have opened a new proposal for the US tax system, which allows citizens to transfer part of their salary to personal savings pension accounts before taxes

Bitwage, a company that provides solutions for payroll services for employees in cryptocurrency, has launched a pension plan with the ability to invest in bitcoin. The offer is available to US residents, in accordance with the 401 (k) model, which is the most popular plan of the us private pension system.

Article 401 (k) of the United States Tax code implies that employees have the right to transfer part of their salary to their personal retirement savings accounts before taxes. The amount of contributions can be increased at the expense of the employer. These plans are often based on a basket of assets, such as stocks and bonds.

The development of the new cryptocurrency plan involved the Winklevoss brothers exchange Gemini (converts dollars into bitcoin), a provider of custodial services Kingdom Trust (stores assets) and leading Retirement Solutions (does administrative work). Dollars will be automatically converted to cryptocurrency at the time of making the payment.