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Vida Global Adopts Bitcoin Payroll via Lightning Network Without Holding Crypto
['Bruce Buterin']
The Currency analytics
AdvertisementLyle Pratt and Graham Krizek Explain the SetupLyle Pratt, CEO of Vida Global, says the goal was simple: to meet the team’s needs without creating a complex accounting system.
The Lightning Network: Beyond Just CoffeeThe Lightning Network was designed to divert transactions from Bitcoin’s main chain.
Hub: Bitcoin: price, news, and analysisFrequently Asked Questions How does Vida Global pay its employees in Bitcoin without holding crypto?
Receiving a salary in Bitcoin via the Lightning Network offers this employee a more stable alternative than the Argentine peso.
It manages the dollar-to-Bitcoin conversion and the transfer via the Lightning Network on behalf of Vida Global.