Stripe and OpenNode, a Bitcoin (BTC) payments infrastructure platform, have teamed together to allow Stripe’s merchant clients to convert all or part of their incoming payments to bitcoin via the OpenNode app. OpenNode announced this news to its users on Twitter.
Notable Points:
- Stripe, one of the world’s top payment processors, has announced that companies would be able to convert any amount of money into bitcoin.
- The feature is offered through a new app on Stripe’s new app store from Bitcoin Lightning Network infrastructure provider OpenNode.
- Stripe also announced the debut of its app store, which allows bespoke user interfaces to connect to Stripe’s worldwide client base.
About OpenNode
OpenNode is by far the most user-friendly bitcoin payment solution for e-commerce businesses. A straightforward plug-in solution that includes payment architecture APIs for developers and the quickest payment processor capacity on the market offers new payment models and immediate settlements for consumers and businesses.
About Stripe
Stripe, Inc. is a San Francisco, California-based financial services and software as a service (SaaS) company with operations in Dublin, Ireland. Payment processing applications and APIs for e-commerce websites and mobile apps are the company’s main offerings.
What is in there for the users and businesses?
Users will be able to convert currency payments into bitcoin in real-time via the OpenNode app, which is available on Stripe’s app store.
Businesses can choose to have a certain percentage of their payments changed into bitcoin automatically, or they can manually convert any amount into bitcoin.
Within the software, businesses will be able to see their bitcoin wallets and conversion rates at a glance.
The program will also allow companies to link directly with their bank accounts, allowing instant bitcoin to fiat transfers.
The automated translation from currency to bitcoin is achieved through the app’s split-payment function, which companies will be asked to use during the initial setup process. If a company does not want to set up split conversion right away, they may return to the app’s settings and switch it on later.
