Stripe, OpenNode Team Up to Allow Instant Fiat-to-Bitcoin Conversions for Businesses
The new OpenNode app will launch on the Stripe App Marketplace in coming weeks.
Fintech firm Stripe along with bitcoin (BTC) payments infrastructure platform OpenNode are joining forces to allow Stripe’s merchant customers to instantly convert all or portions of incoming payments to bitcoin via the OpenNode app.
- "The app gives businesses a simple and secure way to convert incoming payments to Bitcoin in real time, automatically or on demand,” Josh Held, OpenNode’s head of strategy, said in a statement on Tuesday.
- The new app will debut alongside the Stripe App Marketplace in a few weeks, OpenNode said.
- In February, OpenNode closed a $20 million Series A funding round led by U.K. firm Kingsway at a $220 million valuation to fuel its global expansion.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.