Key facts
- Vida Global, an AI operating system company listed on the NYSE American, has started paying employees in Bitcoin.
- The payments are facilitated through the Lightning Network and a partnership with Voltage.
- Vida Global does not hold Bitcoin on its balance sheet; it settles the equivalent U.S. dollar amount.
- The initiative was prompted by an employee in Argentina requesting payment in Bitcoin due to local currency challenges.
- The company aims to simplify payroll for its global team without complicating its financial accounting.
Vida Global, a publicly traded AI operating system company, has begun paying its employees in Bitcoin utilizing the Lightning Network. The company has partnered with Bitcoin infrastructure firm Voltage to facilitate these transactions, allowing employees to receive their salaries in Bitcoin without Vida Global needing to hold the cryptocurrency on its balance sheet. The company settles the payments in U.S. dollars at the end of the month, treating it like a standard vendor invoice.