The developers at OpenNodeWanting to offer an easy and reliable batch of payments for businesses, the company introduced a feature that allows users to split the settlement of a single payment into both Bitcoin (BTC) and local fiat currency.
The company notes that companies using OpenNode are now able to keep a certain amount of settlement funds in Bitcoin while continuing to use the automatic switch to local fiat money to “take full risk of Bitcoin price volatility to avoid".
The company writes in a blog post:
“OpenNode is committed to helping businesses take advantage of accepting payments for Bitcoin and Lightning Network. We also help companies minimize the risk of exchange rates. With this update, OpenNode will help companies to take advantage of discretionary winnings in Bitcoin. "
(Note: For more information on using this particular feature and the other OpenNode services, see Here.)
The OpenNode team says the split settlement feature is designed to help companies hold Bitcoin as their "primary reserve currency" – something that is becoming increasingly common among large companies. Public corporations now hold over $ 7 billion in Bitcoin (BTC).
According to OpenNode, the value proposition as a store of value and medium of exchange should strengthen if the BTC price continues to rise.
The company expects the split settlement feature to be of “increasing value” to companies. It added:
“OpenNode's goal is to provide the best solutions for companies that want to integrate Bitcoin payments. We are always open to new ideas and welcome suggestions for new features that can be added to our platform. "
As mentioned earlier, OpenNode's Ryan Flowers pointed out last month that the value of a single bitcoin (BTC), the flagship cryptocurrency, would continue to rise and that there would be more companies accepting BTC payments in the future.
Flowers noted that this has historically been the case with larger companies that used Bitcoin as a form of payment. He claims that the Bitcoin blockchain network has improved due to certain advances or updates to the Lightning Network – which is designed to serve as a scaling solution for the leading cryptocurrency.