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I am looking into paying our overseas suppliers via bitcoin to speed up the process of settling invoices. The issue is that I don't want them to have to deal with bitcoin themselves.

My question is - is there an API available that I can use to build my app that will allow me to deposit BTC to any bank account number that I choose?

Thanks!

  • 2
    If there were, we wouldn't need Bitcoin. – David Schwartz Jun 18 '15 at 10:32
  • @DavidSchwartz or it would mean that the banks have incorporated Bitcoin completely into their accounts. – Emre Kenci Jun 26 '15 at 10:40
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The closest solution to this is setting up your supplier with a payments processor like Coinbase or Bitpay, who will convert your BTC to fiat instantly. However, there's no way to send BTC to a bank account directly without some action by the other party.

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You can use Bitpay to do it. What you can do is create a bitpay account and input their bank details to send the money to. Then you can send the amount for a transaction to the account related with that account and it will be transferred to their account.

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