Stripe, OpenNode Team Up to Allow Instant Fiat-to-Bitcoin Conversions for Businesses

Fintech firm Stripe along with BTC$102,153.11 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.

Read more: OpenNode Finds Way for Retailers to Turn Fiat Payments Into Bitcoin (Using Apple Pay)