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.

By Michael Bellusci

May 24, 2022 at 7:51 p.m. UTC

Updated May 25, 2022 at 8:19 p.m. UTC

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Follow @mikeybellusci on Twitter

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.

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