Stripe will reintroduce crypto payments later this year, initially only for Circle’s USDC stablecoin, on the Solana, Ethereum and Polygon blockchains, according to coindesk.com.
Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.
“We’re excited to announce that we’re bringing back crypto as a way to accept payments, but this time with a much better experience,” Stripe co-founder and President John Collison (photo) said in a keynote address at the company’s Global Internet Economy conference (details below).
The payments processor has a long history in crypto, first tapping the bitcoin ecosystem in 2014. Four years later, in 2018, it discontinued all of those efforts, arguing that bitcoin was too volatile and would function as an asset rather than a medium of exchange. It had also criticized its lengthy transaction times and growing fees at the time.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
