Stripe Inc. is set to reintroduce cryptocurrency payments, enabling merchants on its platform to receive stablecoins as payment for online purchases. John Collison, the co-founder and president of Stripe, announced this development during the company's annual conference, Stripe Sessions, in San Francisco on Thursday.
Stripe, a leading global technology company, has announced its re-entry into the crypto payments market. On Thursday, the fintech giant revealed plans that will see merchants on the platform begin to accept crypto for online payments. As a start, Stripe will support payments in the USDC stablecoin.
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.
Stripe will support USDC stablecoin payments on Solana, Ethereum, and Polygon, marking a strategic return to the crypto payment arena. The post Fintech leader Stripe integrates USDC payments across Solana, Ethereum, and Polygon blockchains appeared first on Crypto Briefing.
Beginning this summer, Stripe will be enabling USDC payments for customer transactions.
Stripe is re-embracing cryptocurrency payments after a six-year hiatus. The company announced its plan to allow merchants to accept payments in USDC stablecoins, initially supporting blockchains such as Solana, Ethereum, and Polygon.
Global payments company Stripe announced that it was going to start allowing crypto payments on Thursday at the company's Global Internet Economy conference.
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