- Swan Bitcoin, a fintech company focused on bitcoin-only services, is launching a bitcoin benefits plan for employers.
- Each user will designate a fixed dollar amount to deposit into bitcoin and the process will be automated by Swan once the amount is set.
- Compton Magic, Voltage and other companies in the greater Los Angeles area have already signed up for the program.
Swan Bitcoin, a fintech specializing in bitcoin services, officially launches its Bitcoin Benefit Plan (BBP) allowing employers to provide easy access to bitcoin, according to a press release sent to Bitcoin Magazine.
Starting today, Swan will automate the process of buying bitcoin in individual Swan accounts tied to a fixed dollar amount. The company helps employers who want to sign up to create accounts first, and then employees simply decide how much they want to allocate bitcoin on each deduction.
“Bitcoin fascinates hundreds of millions of people around the world,” said Cory Klippsten, founder and CEO of Swan. “I’m excited about the Bitcoin Benefits Plan because it’s a great way for us to introduce more people to this revolutionary new money.”
Swan has already partnered with Los Angeles companies for this program, including the AAU’s first basketball program Compton Magic, All-Star Angels pitcher CJ Wilson’s Auto Group, Everbowl, a growing restaurant chain fast, and Voltage, one of the main Bitcoin Lightning Network infrastructures. businesses.
“Bitcoin is truly the best tool we’ve added to our business in the past 5 years, and my sincere desire is that our employees can seize the opportunity to stack up the best money possible for their future,” Wilson said, owner of Wilson Auto Group. . “When Swan made this program available, I jumped at the chance to onboard dozens of employees.”
Once employees create an account, they will have access to the suite of features offered by Swan. One particular offering available to all account holders is Swan’s extensive bitcoin education platform. Through blog posts and a collection of some of the most notable thinkers in the space, users will have access to a wealth of bitcoin information.
Everbowl CEO Jeff Fenster explained that his decision to embrace BBP was because Bitcoin is “an advanced method for storing value and exchanging valuables based on supply and demand. . It is meant to transform our global monetary system,” said Everbowl CEO Jeff Fenster.
Etop Udo-Ema, CEO of Compton Magic, also looked to the future, saying “The Sovereign Athlete is the future of basketball, and Bitcoin is the future of money.”
Voltage said the opportunity to give back by partnering with a bitcoin-only company was too good an opportunity to pass up, stating that “Swan made perfect sense for us because they are bitcoin-only and have one of the -simplest forms. It’s a really good fit.”