Stripe has reintroduced cryptocurrency payment options, now allowing businesses to accept USD Coin (USDC) in over 150 countries.
This move, announced on October 9, 2024, marks the company’s return to crypto payments after a six-year pause. Stripe’s enhanced services support blockchain networks like Ethereum, Solana, and Polygon, and feature automatic conversion of stablecoin payments into fiat currency to simplify transactions for businesses.
Initially available to U.S. companies, Stripe plans to expand globally. The service includes transaction limits of $10,000 per transaction and $100,000 monthly, with a 1.5% fee.
This re-launch highlights Stripe’s ongoing commitment to integrating crypto into mainstream payments, following its earlier discontinuation of Bitcoin in 2018 due to volatility and inefficiency.
Stripe initially entered the cryptocurrency market in 2014 by supporting Bitcoin but stopped in 2018 due to slow transactions, high fees, and volatility. Now, the company has reintroduced crypto payments, focusing on stablecoins like USDC.
In line with earlier hints from co-founder John Collison, the new service is available for U.S. companies and reflects Stripe’s growing interest in stablecoin adoption and blockchain expansion.
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