Arrive AI Goes All-In on Bitcoin: CEO to Take Salary in Crypto and Plans for Native Token
Detroit Free Press3 hours ago
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Arrive AI Goes All-In on Bitcoin: CEO to Take Salary in Crypto and Plans for Native Token

General Bitcoin News
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Summary:

  • Arrive AI CEO Dan O’Toole will be the first to accept salary in Bitcoin, with plans to extend this to vendors, clients, and employees.

  • The company is considering creating its own Arrive Coin token for ecosystem-wide use, including payments and rewards.

  • A 2024 Deloitte survey shows over 6,000 U.S. businesses accept Bitcoin, highlighting growing adoption for its transparency and efficiency.

  • Tech workers prefer cryptocurrency for real-time cross-border payments and reduced fees, as reported by Bitwage.

  • 99% of CFOs in a recent survey envision using crypto for business functions, with nearly a quarter planning adoption within two years.

Arrive AI Embraces Cryptocurrency for Everything

CEO Dan O’Toole is leading the charge by opting to receive his compensation in Bitcoin, as Arrive AI (NASDAQ:ARAI), an autonomous delivery network, announces its plans to integrate cryptocurrency into its operations. This move includes paying vendors, clients, and employees in Bitcoin for those who prefer it over traditional currencies.

O’Toole stated, "We think cryptocurrency is a better way to pay, and as we continue to expand globally, our associates will appreciate this option." He is modeling this strategy after MicroStrategy's approach, emphasizing the long-term vision of creating an Arrive Coin for use across their ecosystem—from payroll and customer rewards to vendor settlements and network transactions.

Beyond payments, the company is considering holding cash reserves in Bitcoin and implementing a Bitcoin-denominated ATM program for fundraising. This aligns with broader trends; a 2024 Deloitte survey revealed that over 6,000 U.S. businesses now accept Bitcoin, citing benefits like real-time revenue sharing and enhanced transparency.

Bitwage, a payroll services provider, notes that tech workers, especially in blockchain and Web3, favor cryptocurrency for its cross-border efficiency and fee reductions. A 2023 Deloitte report found that more than 60% of Millennials and Gen Z see crypto as integral to the future financial system.

To support this initiative, Arrive AI is tripling its staff, focusing on AI scientists and engineers to refine their technology. A Q2 2025 survey of North American CFOs showed that 99% envision using cryptocurrency for business functions long-term, with nearly a quarter planning to adopt it within two years for benefits like improved privacy and lower fees.

O’Toole also views Bitcoin as an investment opportunity for company cash, aiming for synergy in their economics. The company's Autonomous Last Mile platform integrates AI for secure deliveries, enhancing the last-mile experience with smart home devices.

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