Breaking: Stripe Indicates Its Ready to Restart Crypto Payment After 3 Years
Stripe, a popular online payment company that terminated the Bitcoin payment option nearly three years ago citing price volatility and complexities in executing payments. Stripe co-founder John Collison in a recent interview talked about the progress that cryptocurrencies have made over the past three years and also explained that not every aspect of the crypto is usable for a payment company like them. However, he didn’t rule out the possibility of adding a crypto payment option again.
He said it’s not implausible that they would start accepting cryptocurrencies again.
“There have been a lot of developments of late with an eye to making cryptocurrencies better and, in particular, scalable and acceptable cost as a payment method. We don’t yet, but I think it’s not implausible that we would.”
Collison also revealed that the company’s new crypto team is headed by the head of engineering Guillaume Poncin and they have also on-boarded Matt Huang, co-founder of crypto-focused venture capital firm Paradigm, to its board of directors.
Stripe Co-Founder Praises Altcoins
During his interview, while discussing Stripe’s reopening of crypto payment options, Collison praised new and upcoming crypto tokens that could make way for easy and hassle-free transfer of money. The Stripe co-founder seemed especially impressed with Solana ($SOL) which has made it to the top-5 this bull season.
As cryptocurrencies become mainstream, their use as a form of payment is also on the rise. Payment processing giants be it Paypal, Venmo, and even VISA offer crypto spending options. All these payment giants have finally warmed up to crypto after showing initial reservations. Stripe as a payment company has realized that at some point they would have to integrate crypto and they are open to it.
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
