Every day we see how financial innovation is becoming necessary throughout the world. Here at CriptoTendencia we always try to keep you aware not only of what happens in the Bitcoin market, but in the technological openings that are made so that digital assets become a definitive space in the world today.
Precisely, something that can help this happen is to start looking for alternatives in which currencies like Bitcoin can be used as payment methods.
One of the most important advances in this area is that OpenNode now allows you to make payments using Bitcoin, through Apple Pay. This initiative is currently operating in its beta phase, but at the same time it has been able to attract 5,000 merchants who are highly interested in it.
What does OpenNode look for when offering this alternative with Bitcoin?
This company seeks to offer its customers the possibility of creating savings accounts in Bitcoin. In addition, they have within their main objectives to speed up the processing of payments with Bitcoin and therefore the news that they now have access to Apple Pay falls as a ring to the finger of many believers of the company.
The announcement of this news was in the hands of Ryan Flowers, who serves as Marketing Director of OpenNode. Thus, it is at this precise moment that many merchants are willing to accept cryptocurrencies as a means of payment. However, in this case, what remains outstanding is that it allows the conversion of dollars to Bitcoin.
Are merchants satisfied?
Certainly if you present to merchants the option to accept these cryptocurrencies many will be happy, but not all necessarily. Of all the general set of traders, only those who know the benefits of Bitcoin as an investment will be happy. But, there will be others who do not work so much because of their volatility.
As for consumers we can say that the vision is a bit opposite, since for many spending their accumulated Bitcoin is not an option.
In figures it could be said that the platform processes “a couple of millions” of dollars in Bitcoin monthly, according to the director of OpenNode. In addition, Flowers stressed that it is being implemented slowly so that the return rate is low.
Are there any other innovations in process?
By this date next year, OpenNode together with Wyre expect to complement this new function with a complete treasury management tool for merchants. With this, these companies would be offering the same functions as a bank, with the particularity of being able to withdraw money in Bitcoin to a personal portfolio.
Degree in Liberal Studies from the Metropolitan University. Lover of innovation and believer of technology for the future.