- Swan Bitcoin, a fintech firm centered on bitcoin-only companies, is launching a Bitcoin Benefit Plan for employers.
- Each consumer will designate a hard and fast greenback quantity to be deposited into bitcoin and the method shall be automated by Swan after the quantity is set.
- Compton Magic, Voltage, and different corporations within the better Los Angeles space have already signed up for this system.
Swan Bitcoin, a fintech firm specializing in bitcoin companies, is formally launching its Bitcoin Benefit Plan (BBP) permitting employers to present easy accessibility to bitcoin, per a press launch despatched to Bitcoin Magazine.
Starting immediately, Swan will automate the method of buying bitcoin in particular person Swan accounts tied to a hard and fast greenback quantity. The firm helps employers who want to enroll with organising accounts initially after which the workers simply resolve how a lot they need to allocate for bitcoin on every deduction.
“Bitcoin is fascinating hundreds of millions of people all over the world,” stated Cory Klippsten, Swan’s founder and CEO. “I’m excited about the Bitcoin Benefit Plan because it’s a great way for us to introduce more people to this revolutionary new money.”
Swan has already partnered with companies all through Los Angeles for this program together with premier AAU basketball program Compton Magic, all-star Angels pitcher CJ Wilson’s Auto Group, Everbowl, a fast-growing restaurant chain, and Voltage, one of many main Bitcoin Lightning Network infrastructure corporations.
“Bitcoin is really the best tool we have added to our business in the last 5 years, and my sincere desire is that our employees can take the opportunity to stack the best money possible for their future,” stated Wilson, proprietor of Wilson Auto Group. “When Swan made this program available, I jumped at the opportunity to onboard dozens of employees.”
Once workers are arrange with an account they could have entry to the suite of options supplied by Swan. One explicit providing out there to all account holders is Swan’s intensive Bitcoin-educational platform. Through weblog posts and a group from among the most notable thinkers within the area, customers could have entry to a wealth of bitcoin data.
Jeff Fenster, CEO of Everbowl defined his resolution for adopting the BBP was due to the truth that Bitcoin is “an advanced method for storing value and exchanging items of value based on supply and demand. It is destined to transform our global monetary system,” stated Jeff Fenster, CEO of Everbowl.
Etop Udo-Ema, CEO of the Compton Magic, additionally seemed to the longer term saying “The sovereign athlete is the future of basketball, and Bitcoin is the future of money.”
Voltage said that the chance to give again by partnering with a bitcoin-only firm was too good of a possibility to move up, saying “Swan made excellent sense for us as a result of they are Bitcoin-only and have one of many best platforms. It’s an amazing match.”