Stripe bringing back crypto payments, this time with a stablecoin
Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018.
Payment service Stripe is bringing back crypto in the form of stablecoin payments, co-founder and president John Collison has announced. The new service will be available this summer, he said.
“Crypto is finally making sense as a means of exchange,” Collison told the audience at the company’s developers conference in San Francisco on April 25. Since Stripe discontinued its Bitcoin (BTC) payment option in 2018, transaction times have increased, fees have decreased and stablecoins are performing stably.
“If we’re in a crypto winter post 2021, nobody told the stablecoins,” Collison said, referring to a chart of stablecoin value transferred. Therefore:
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Author: Derek Andersen
