Stripe Brings Back Crypto Support After 4 Years — Says "Crypto Is Going Mainstream"
Payment giant Stripe has brought back crypto support after it stopped processing bitcoin payments four years ago. The company now says, “Our optimism for the future of crypto was not unfounded … Crypto is going mainstream.” Stripe Brings Back Crypto Support
Payment giant Stripe has re-entered the crypto space after four years, with the launch of a suite of products to support crypto businesses.
Stripe is a payment infrastructure company headquartered in San Francisco and Dublin, with 14 global offices. According to its website, millions of companies in over 120 countries use Stripe to start, run, and scale their businesses, including Amazon, Google, Shopify, Microsoft, Spotify, Uber, and Nasdaq.
Stripe co-founder John Collison announced on Twitter Thursday that his company now supports crypto businesses, including exchanges, on-ramps, wallets, and non-fungible token (NFT) marketplaces.
Stripe was one of the first major companies to embrace bitcoin. “In 2014, we became the first major payments company to support Bitcoin payments,” the company explained on its website. However, Stripe stopped processing Bitcoin transactions in April 2018 citing block size issues, which the company said led to “bitcoin becoming less useful for payments.”
Four years after Stripe stopped supporting bitcoin payments, the company explained in a blog post, “We’ve learned that our optimism for the future of crypto was not unfounded.” The payment company elaborated: From new developments in blockchain infrastructure to widespread interest from major financial institutions, crypto is going mainstream.
“To better support our customers and continue to grow the GDP of the internet, we are working to give crypto businesses access to today’s global financial infrastructure — starting by partnering with FTX and Blockchain.com to broaden consumer access to crypto,” Stripe further noted. Tags in this story Bitcoin, ftx, Stripe, stripe bitcoin, stripe crypto, stripe crypto support
What do you think about Stripe bringing back crypto support after four years? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. AMC Theatres Now Accepts Dogecoin and Shiba Inu Crypto Payments FEATURED | 21 hours ago Apple Co-Founder Steve Wozniak on Crypto: Bitcoin Is "Pure-Gold Mathematics" FEATURED | 5 days ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUpcoming AML Regulations in Estonia to Affect Cryptocurrency Industry Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItVenezuela Might Be Affected by Russian Banks" SWIFT Suspension
Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also ... read more.Starlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia