Stripe Brings Back Crypto Support After 4 Years

- Advertisement -

Stripe Brings Back Crypto Support After 4 Years – Stripe, the payment giant, has re-entered the crypto world after a four-year with the launch of a suite of crypto-related businesses.

Stripe is a payment infrastructure firm with 14 global offices based in San Francisco and Dublin. Stripe is used by millions of organizations in over 120 countries to establish, run, and scale their businesses, including Google, Amazon, Spotify, Shopify, Microsoft, Uber, and Nasdaq, according to the company’s website.

Also Read: AMC Theatres Now Accepts Dogecoin and Shiba Inu Crypto Payments

Stripe co-founder John Collison said Thursday on Twitter that his company now supports crypto businesses including exchanges, wallets, on-ramps, and non-fungible token (NFT) marketplaces.

- Advertisement -

Stripe was one of the first leading companies to accept bitcoin as a payment method. “We were the first big payments company to support Bitcoin payments in 2014” – according to the company’s website. Stripe, on the other hand, discontinued processing Bitcoin transactions in April 2018, citing block size difficulties as a reason for “bitcoin becoming less suitable for payments,” according to the company.

“We’ve learned that our enthusiasm for the future of crypto was not unfounded,” Stripe wrote in a blog post four years after it ceased accepting bitcoin payments.

Also Read: US Treasury Launching Cryptocurrency Awareness Program

The company went on to say:

Crypto is becoming more widespread, thanks to significant breakthroughs in blockchain infrastructure and increasing interest from big financial institutions.

“To better serve our clients and continue to expand the internet’s GDP, we’re working to give crypto firms access to today’s global financial infrastructure, beginning with our partnership with FTX and Blockchain.com to broaden consumer access to crypto,” Stripe added.

Don't miss

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

Bank of Spain to Launch Experimental Wholesale CBDC Digital...

Elon Musk Says Twitter Will Delete 1.5 Billion Dormant Accounts

Elon Musk Says Twitter Will Delete 1.5 Billion Dormant...

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners...

Trevor Noah Bids Farewell to ‘The Daily Show’ in Emotional Final Episode Sign-Off

Trevor Noah Bids Farewell to 'The Daily Show' in...

‘Top Gun: Maverick’ Named Best Film of 2022 by National Board of Review

'Top Gun: Maverick' Named Best Film of 2022 by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here