- Swan Bitcoin, a fintech focused on pure Bitcoin services, is launching a Bitcoin benefits plan for employers.
- Each user designates a fixed dollar amount to deposit in bitcoin, and the process is automated by Swan after the amount is set.
- Compton Magic, Voltage and other Los Angeles area companies have already signed up for the program.
Swan Bitcoin, a fintech company specializing in Bitcoin services, is officially launching its Bitcoin Benefit Plan (BBP), which allows 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 bitcoins in individual Swan accounts tied to a fixed dollar amount. The company helps employers who want to sign up to set up accounts first, and then employees simply decide how much to allocate for bitcoin with 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 Benefit Plan because it’s a great way for us to introduce more people to this revolutionary new money.”
Swan has partnered with companies across Los Angeles for this program, including leading AAU basketball program Compton Magic, All-Star Angels pitcher CJ Wilson’s Auto Group, Everbowl, a fast-growing restaurant chain, and Voltage, a leader Bitcoin Lightning Network infrastructures company.
“Bitcoin is truly the best tool we have added to our business in the last 5 years and my sincere wish is that our employees can take the opportunity to raise the best possible cash for their future,” said Wilson, owner of Wilson Auto Group. “When Swan made this program available, I jumped at the opportunity to onboard dozens of employees.”
Once employees set up an account, they have access to the features offered by Swan. A special offering available to all account holders is Swan’s comprehensive Bitcoin education platform. Through blog posts and a collection from some of the industry’s most notable thinkers, users have access to a wealth of Bitcoin information.
Everbowl CEO Jeff Fenster explained that his decision to adopt the BBP was due to the fact that Bitcoin is “an advanced way of storing value and exchanging valuables based on supply and demand. It is destined to transform our global monetary system,” said Everbowl CEO Jeff Fenster.
Compton Magic CEO Etop Udo-Ema also looked to the future, saying, “The sovereign athlete is the future of basketball, and Bitcoin is the future of money.”
Voltage explained that the opportunity to give back by partnering with a pure-play Bitcoin company is too good an opportunity to pass up, saying, “Swan made perfect sense to us because they’re just Bitcoin and have one of the easiest platforms. It fits great.”