Stripe Makes A Crypto Comeback, Accepts Stablecoins For Online Payments
Portfolio Pulse from Murtuza Merchant
Stripe is re-entering the cryptocurrency market, focusing on stablecoins for online payments, as announced at their annual conference. Co-founder John Collison cited technical improvements in the crypto space, such as faster transaction speeds and lower fees, as key reasons for this shift. Stripe showcased a payment using Circle's USDC stablecoin, highlighting the growing importance of stablecoins in financial technology. This move comes after Stripe's initial, unsuccessful attempt to integrate Bitcoin payments a decade ago and is part of a broader engagement with the crypto space, including facilitating crypto payouts and launching a crypto on-ramp service in 2022.
April 26, 2024 | 1:57 pm
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Stripe's renewed focus on stablecoins, particularly through showcasing payments with Circle's USDC, highlights the growing acceptance and potential increased usage of USDC in online transactions.
Stripe's decision to showcase USDC for online payments at their annual conference, coupled with the mention of technical improvements in the crypto space, suggests a positive outlook for USDC. This move could lead to increased adoption and usage of USDC in online transactions, potentially boosting its relevance and value in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90