Stablecoin

USDC

Polygon

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>56% of active websites using Stripe are based in the US and can now accept USDC payments.</li> 
 <li>Stripe payment processor could unlock impressive retail money into crypto.</li> 
</ul> 
<p>Payment processing company Stripe is making moves that support crypto adoption.</p> 
<p>The largest private fintech company valued at about $65 billion allows US merchants to begin accepting USDC payments through their online stores, and have them settle natively in fiat.</p> 
<p>Considering the impressive transactions that Stripe makes on a yearly basis, this could mean significant retail capital flowing into the crypto markets.</p> 
<h2 id="crypto-on-stripe-is-officially-back">Crypto on Stripe Is Officially Back</h2> 
<p>Jeff Weinstein, product lead at Stripe, recently shared a post via his X account, saying that crypto on Stripe is officially back.</p> 
<p>According to him, these are the key points worth highlighting:</p> 
<ul> 
 <li>Stripe now accepts stablecoins from over 150 countries.</li> 
 <li>Buyers can pay in USDC via Ethereum, Solana, and Polygon.</li> 
 <li>USA businesses receive USD.</li> 
 <li>The new Stripe feature works with checkout, elements, or payment intents</li> 
 <li>Soon, subscriptions will follow.</li> 
</ul> 
<p>He also <a href="https://x.com/jeff_weinstein/status/1844080628427620642" rel="nofollow" target="_blank">noted</a> that Stripe is rolling out the new feature to hundreds of thousands of US businesses and more countries will follow as well.</p> 
<h2 id="pay-with-crypto-accepting-stablecoin-payments-that-settle-as-fiat">Pay with Crypto – Accepting Stablecoin Payments That Settle as Fiat</h2> 
<p>In the official Stripe <a href="https://docs.stripe.com/crypto/pay-with-crypto" rel="nofollow noopener" target="_blank">docs</a>, the company details its new feature called “Pay with Crypto.”</p> 
<p>This allows users to accept stablecoin payments (<a href="https://crypto.ro/en/cryptocurrencies/usd-coin/">USDC</a> payments on Ethereum, Solana, and Polygon and USDP on Ethereum and Solana) that settle as fiat in their Stripe balance.</p> 
<p>The payments can be accepted without the complexity of holding and converting crypto to fiat, and Stripe charges 1.5% of the transaction amount in USD.</p> 
<p>To enable the Pay with Crypto feature, users have to activate a Stripe account and choose the crypto payment method.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://b.stripecdn.com/docs-statics-srv/assets/hypernian-pay-with-crypto.3cdcc246f271a82bb6a9368cd4d8ac72.png" alt="Pay with Crypto" width="2560" height="1800" title="Trillion-Dollar Catalyst for Crypto Adoption - 739,000 US Stripe Merchants Can Accept Stablecoins 20">
 <figcaption class="wp-caption-text">
  Pay with Crypto
 </figcaption>
</figure> 
<h2 id="739-000-stripe-merchants-in-the-us">739,000 Stripe Merchants in the US</h2> 
<p>According to official data from Charge Flow, 739,000 merchants or 56% of all active websites using Stripe are in the US.</p> 
<p>Also, here are more impressive numbers:</p> 
<ul> 
 <li>Stripe surpassed $1 trillion in TPV (total payment volume) in 2023 – 10 years faster than PayPal which took 23 years to achieve this.</li> 
 <li>Merchants in 51 countries use Stripe to accept and process payments.</li> 
 <li>Stripe is currently valued at $65 billion – one of the most valuable privately held companies on the planet.</li> 
 <li>Stripe holds a market share of 21% – the world’s second-most-used payment solution.</li> 
 <li>Over 100 Stripe customers process $1 billion or more on a yearly basis.</li> 
 <li>Over 4 million websites have already used Stripe to accept payments.</li> 
 <li>Stripe raised almost $10 billion from 56 investors to date.</li> 
</ul> 
<p>These verified <a href="https://www.chargeflow.io/blog/stripe-statistics" rel="nofollow noopener" target="_blank">Stripe statistics</a> were revealed as of May 2024 by Charge Flow.</p> 
<h2 id="what-does-it-all-mean">What Does It All Mean?</h2> 
<p>Long story short, all the official numbers listed above mean that Stripe’s new feature for US businesses could unlock impressive amounts of retail online money flowing into the crypto industry.</p> 
<p>By introducing the Pay with Crypto feature, Stripe is supporting the mass adoption of digital assets.</p> 
<p>So far, almost 740,000 US-based merchants will be able to use crypto and the remaining 2.1 million global merchants will also likely be unlocked soon.</p>

Trillion-Dollar Catalyst for Crypto Adoption – 739,000 US Stripe Merchants Can Accept Stablecoins

Table of Contents

crypto.ro global

Other articles published on Oct 15, 2024

DeepBook token soared after airdrop, but gains could be brief

AI-focused crypto projects soar with 500% funding rise in Q3 amidst overall VC pullback

Robert Kiyosaki Predicts Bitcoin Price Drop to $5,000

XRP Price Prediction: SEC Appeal, $0.66 Barrier Threaten Bull Rally

Canary Capital Eyes SEC Approval for Spot Litecoin ETF

Financial Analysis: Trump’s Crypto Ventures and Uniswap’s Layer 2 Developments Pre-Election

Join our free newsletter for daily crypto updates!