Bitcoin News
By Bruce Buterin
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Lyle Pratt and Graham Krizek Explain the Setup. Lyle Pratt, CEO of Vida Global, says the goal was simple: to meet the team's needs without…
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The Lightning Network: Beyond Just Coffee. The Lightning Network was designed to divert transactions from Bitcoin's main chain.
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Vida Global has discovered a way to pay its employees in Bitcoin without ever holding a single satoshi in its accounts.
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It all started with a simple request. An employee based in Argentina wanted to be paid in Bitcoin. Not in dollars, not in pesos, but in Bitcoin.
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Graham Krizek, CEO of Voltage, goes further. According to him, the teams are paid in seconds, and Vida's financial team "never needs to touch Bitcoin.
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And that's probably the real pitch for other listed companies watching from afar.
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The Lightning Network was designed to divert transactions from Bitcoin's main chain. The basic idea: reduce fees, speed up confirmations, and make Bitcoin usable for everyday…
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Jack Dorsey was one of the first big names to bet on it. Cash App integrates the Lightning Network. Square's point-of-sale terminals do too.
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Related topic: Gumi and SBI launch a 3 billion yen crypto fund targeting Bitcoin and major altcoins
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But a NYSE-listed company using it for employee payroll is something else. It's not a test; it's an operational process. And it changes the narrative around this technology.
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Vida Global is not a crypto startup. It's a company listed on the NYSE. That matters.
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The Argentine context plays a clear role in all this. Argentina is experiencing prolonged economic turbulence, and the peso doesn't offer much stability for workers wanting to…
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Voltage's setup allows Vida to never directly handle crypto. The company sends dollars, the platform does the conversion, and the employee receives Bitcoin.
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It's probably this model—no Bitcoin on the balance sheet, but Bitcoin for employees—that will interest HR and CFOs of other listed companies.
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Related reading: The U.S. Treasury sanctions HormuzSafe for a maritime insurance system linked to Bitcoin
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