Algorand

when

Hope

USDC

<div class="finbold">
 <p class="paragraph">Stripe, a global payment processing giant with annual revenues exceeding $15 billion, has announced plans to reintegrate cryptocurrency into its payment options.&nbsp;</p>
 <p class="paragraph">This strategic shift comes six years after the company ceased all cryptocurrency transactions, citing the volatility and inefficiencies of Bitcoin (BTC).</p>
 <p class="paragraph">Stripe plans to relaunch its crypto payment services later this summer, initially supporting Circle’s USDC stablecoin, signaling a renewed confidence in digital currencies.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Solana trader turns $49,000 into $2 million in 5 hours <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    2 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a><a rel="noopener noreferrer nofollow" title="currencies" href="https://thebittimes.com/tag/currencies.html">currencies</a> to reach $100 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> market cap in May <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    ‘Final warning’ as Bitcoin faces imminent devastating capitulation <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Popular Bitcoin wallet bans United States citizens from its service <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">John Collison, co-founder and president of Stripe, shared the company’s vision for a revitalized approach to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a>s at the Global Internet Economy Conference. He asserted that transactions would settle instantly on-chain and automatically convert to fiat.</p>
 <p class="paragraph">“<em>We’re excited to announce that we’re bringing back crypto as a way to accept payments, but this time with a much better experience</em>” Collison stated, highlighting the technological improvements that have reshaped the cryptocurrency landscape.</p>
 <p class="paragraph">Additionally, Stripe introduced over 50 new features at its annual user conference, Stripe Sessions, held at the Moscone Center in San Francisco.</p>
 <p class="paragraph">Initially, Stripe will support USDC transactions on the Solana (SOL), Ethereum (ETH), and Polygon (MATIC) networks.</p>
 <p class="paragraph">Stripe first engaged with the Bitcoin ecosystem in 2014, positioning itself among the early adopters of cryptocurrency payments. However, it exited the crypto space in 2018 when Bitcoin underwent its first major price crash. After leaving the digital asset ecosystem, Stripe attempted a comeback the following year with Facebook’s Libra project.</p>
 <h2 class="wp-block-heading" id="h-industry-reactions-nbsp">Industry reactions&nbsp;</h2>
 <p class="paragraph">Dan McArdle, co-founder of crypto research firm <em>Messari</em>, commented on Stripe’s decision, expressing his hope that Stripe will “stick with it this time.” He referred to the payment giant’s previous decision to terminate support for Bitcoin payments in 2018.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Great. Hope you guys stick with it this time instead of terminating support a few years later like you did with BTC payments a while back.</p>— Dan McArdle (@robustus) April 25, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">Crypto enthusiasts and prominent figures in the emerging industry took to the comments section to congratulate Stripe on its return to the crypto space. Solana Labs’ head of communications, <em>Austin Federa</em>, and the Algorand Foundation were among the first to respond.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">We're ready for the new <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> world https://t.co/qb19DuORcC</p>— Austin Federa | (@Austin_Federa) April 25, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">The stablecoin USDC recently came into the spotlight when Binance announced that it had converted the entire pool of assets held in the emergency fund for users into USDC.</p>
 <p class="paragraph">As one of the largest payment processors globally, with over $1 trillion in transactions processed in 2023 alone, Stripe’s re-entry into the cryptocurrency market is set to influence widespread adoption.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/15-billion-revenue-payment-provider-reintroduces-cryptocurrencies-tbt86843.html">https://thebittimes.com/15-billion-revenue-payment-provider-reintroduces-cryptocurrencies-tbt86843.html</a></p>

$15 billion-revenue payment provider reintroduces cryptocurrencies

Table of Contents

TheBitTimes

Other articles published on Apr 28, 2024

High-Profile Bitcoin Auction Draws Attention with Signature “Buy Bitcoin” Artifact

Will Shiba Inu crash? Analyzing what’s ahead for SHIB’s price

After This Week’s Inflation Reports, Analytics Firm Sheds Light on Economic Earthquakes in the US...

Dogecoin Consolidation: Symmetrical Triangle Signals Potential Reversal

Bitcoin Climbs Past $64,000 as Altcoin Market Eyes Recovery

The market following the halving: what precisely hinders the growth of cryptocurrencies?

Join our free newsletter for daily crypto updates!