On Wednesday, global payments giant Stripe followed through on an April promise to restore support for the crypto, six years after it first suspended Bitcoin payments on the platform.
He has a company based in San Francisco Introduced A new payment option that allows businesses to accept US Dollar (USDC) With customers in more than 150 countries, Stripe's head of product, Jeff Weinstein, announced on Twitter (X).
“Crypto on Stripe is officially back!” He He tweeted.. Today, we deliver this to hundreds of thousands of American businesses.
Support for more countries is expected to be carried out in the near future. Decrypt He arrived to verify that point.
Weinstein in April announced Stripe will initially support payments using USDC on the Ethereum, Solana, and Polygon networks.
Stripe will follow the lead of PayPal rivals in supporting transactions after expanding its service in 2021. PayPal began allowing customers to use its “Checkout With Crypto” feature at millions of merchants worldwide.
Following that approach, Stripe aims to simplify crypto transactions by directly converting stablecoin payments into fiat currency and depositing them through a merchant's Stripe account.
The “Pay Crypto” feature allows businesses to integrate stablecoin payments through Stripe Checkout, Elements or the Payment Intents API.
Payment limits are set at $10,000 per transaction and $100,000 per month. Page.
Strips Re-introduction Its crypto services come after a decision. End support For Bitcoin payments in 2018, he cited concerns over market volatility, slow transaction speeds and high fees. The company first started supporting Bitcoin payments in 2014.
Strip also iCombined with Avalanche To enable users to access Nike crypto products and NFT platforms operating on the network.
Edited by Sebastian Sinclair.
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