Stripe President and co-founder John Collison told Bloomberg TV in an interview that he and the company are ‘full-throated Bitcoin enthusiasts’.
Stripe Co-founder John Collison speaks to @emilychangtv about the future of payments, Bitcoin and plans (or lack thereof) to go public https://t.co/qUyKucCzMp pic.twitter.com/zufAxyyVZm
— Bloomberg TV (@BloombergTV) June 16, 2021
When asked about his stance on Bitcoin after Stripe stopped supporting the asset in 2018, Collison said he still feels fondness for it.
‘It\’s always been a very delicate topic. If you consider the future as seen by cryptocurrency supporters and as it appears to us, these are realistic goals,’ — he said.
According to the Stripe co-founder, only 22% of global commerce is cross-border, but digital assets are helping to expand that share.
‘We\’re stuck at this level. Cryptocurrencies are an exciting potential solution to this problem,’ — he explained.
Collison believes that digital assets, like other methods of processing international transactions, should evolve in parallel.
In early 2018, Stripe stopped supporting Bitcoin due to sharp price swings and significant time costs.
Collison later did not rule out restoring Bitcoin support in the future.
At the end of 2019, Stripe exited Facebook’s Diem project.
In February 2021, the board of directors of the processing service joined former Bank of England Governor Mark Carney. On this post he initiated consideration of launching a national digital currency.
Prior to this, Carney advocated for the creation of a payments instrument modeled on Diem, capable of replacing the US dollar as a reserve currency.
Subscribe to the ForkLog channel on YouTube!