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Stripe to Accept Crypto Payments with USDC After Six-Year Hiatus

Apr 25, 2024, 06:46 PM

Stripe, the prominent financial technology company, has announced its decision to reintegrate cryptocurrency payments into its services, starting with the USDC stablecoin. This strategic move comes after a six-year hiatus, marking a significant shift in the company's approach to blockchain technology. The announcement was made at the Stripe Connect conference by co-founder John Collison, highlighting the inclusion of USDC payments on major blockchains such as Solana, Ethereum, and Polygon. This development is poised to enhance the payment options available to Stripe's extensive user base, which includes over 2.84 million websites and numerous large companies processing over $1 billion annually. Transactions will instantly settle on-chain and automatically convert to fiat, streamlining the payment process.