Aliant Payments, the South Florida‐based merchant service provider, and payment processing company, announced in a press release that they would be paying part of their employees’ compensation package in Bitcoin and Litecoin.
Aliant’s CEO, Eric Brown, commented:
The fintech industry is growing and changing rapidly, and this is a way for our employees to be a part of Aliant’s involvement in this shift to digital currency. Each member of the Aliant team now has a vested interest in cryptocurrency, not just as something they work on in the office. The more our team utilizes digital currency, the better our customer user experience will be. This benefits Aliant as a company, and our employees as invested customers.
Aliant introduced its crypto processing system, CryptoBucks, in 2017, becoming the first payment processing company to offer merchants with such crypto services. This merchant-oriented crypto processing system later evolved into a proprietary, fully accommodating solution in July 2018 to treat crypto payments. The processing system enabled the conversion of cryptos into US dollars and offered payouts within the subsequent day. It moderated the uncertainty of the volatility of cryptocurrencies and made it more adaptable.
Eric Brown also added:
Adoption happens when you’re able to earn cryptocurrency, and then go on to spend it. Being a leader in the crypto and payments space, the Aliant team is always working to educate merchants and lead by example. I’m so grateful to work with this amazing team, and I can’t think of a better way to compensate them for the value they bring to our community.
Apart from Aliant, other firms have also been working to broaden crypto processing solutions for merchants. Bitfury Group, the Blockchain technology firm, has launched an e-commerce software for merchants and several additional accessories like a hardware payments terminal and introduced an open-source Bitcoin (BTC) wallet to drive more extensive adoption of Bitcoin’s off-chain scalability band, the Lightning Network.
