Soon You’ll Be Able To Use USDC For Most Purchases Online
TL;DR
Stripe is bringing back crypto payments, allowing their customers to integrate with USDC in the click of a button.
Full Story
BIG NEWS! Stripe is bringing back crypto payments!
If you’ve ever bought anything on the internet, chances are you’ve used Stripe’s services, without even knowing about it.
They’re the company, that other companies use, to power their payment processing.
(With over $1 Trillion (with a T) worth of transactions completed in 2023 alone).
The forward-thinking founders, the Collison brothers, are no stranger to crypto. Coinbase previously allowed merchants to receive payments in BTC, until they axed that offering in 2018 due to Bitcoin’s volatility.
But a lot has changed in crypto since then. The number of stablecoin transactions has grown exponentially and hey, Solana didn’t even exist back in 2018!
This time, Stripe is taking a more measured approach - integrating with USDC (the US-pegged stablecoin) on the Solana, Ethereum and Polygon networks.
John Collison said it best in his keynote address yesterday at Stripe’s Global Internet Economy conference: “With transaction speeds increasing and costs coming down, we’re seeing crypto finally making sense as a means of exchange.”
Crypto taking even just a small slice of that $1T per year of transactions?
We’ll take it!