Bitcoin payment service company Open Node launches Fiat-to-Bitcoin payout feature

posted 3 months ago
L.A. based Bitcoin payment service provider Open Node released a new product feature to allow employers to pay their employees’ invoices in fiat and, in turn, give those employees the option to withdraw this paycheck in Bitcoin.

The automated service, dubbed Bitcoin Payouts, will also give employers and other entities the ability to tailor situation-specific payouts through their Open Node accounts (they can be used for payroll, tax refunds, prize winnings, and like disbursements). Payouts will come with baked in accounting mechanisms for tax and legal compliance as well.
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