Stripe joins forces with OpenNode to let merchants convert payments into bitcoin

San Francisco-based fintech Stripe (STRIP), through payments infrastructure platform OpenNode's app, will let merchants instantly convert incoming fiat payments into bitcoin (BTC-USD), according to a twitter post Tuesday. Moreover, businesses will be able to convert a fixed percentage of each Stripe (STRIP) payment into bitcoin (BTC-USD), or they can manually convert any amount into BTC, according to Stripe's website. OpenNode's "app gives businesses a simple and secure way to convert incoming payments to Bitcoin in real time, automatically or on demand,” said Josh Held, head of strategy at OpenNode, as quoted by CoinDesk. The new app is set to launch on the Strike App Marketplace in the matter of weeks, CoinDesk reported. The move came shortly after Stripe (STRIP) rolled out a feature to let Twitter (TWTR) users get paid in stablecoin USDC (USDC-USD). In February, OpenNode raised $20M to build up its bitcoin payments infrastructure.