{"id":12952,"date":"2024-04-26T09:58:33","date_gmt":"2024-04-26T06:58:33","guid":{"rendered":"https:\/\/forklog.com\/en\/stripe-to-reintroduce-cryptocurrency-payments-after-six-year-hiatus\/"},"modified":"2024-04-26T09:58:33","modified_gmt":"2024-04-26T06:58:33","slug":"stripe-to-reintroduce-cryptocurrency-payments-after-six-year-hiatus","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stripe-to-reintroduce-cryptocurrency-payments-after-six-year-hiatus\/","title":{"rendered":"Stripe to Reintroduce Cryptocurrency Payments After Six-Year Hiatus"},"content":{"rendered":"<p>Payment service Stripe has announced plans to support transactions in the stablecoin USDC this summer.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto is back. <a href=\"https:\/\/twitter.com\/stripe?ref_src=twsrc%5Etfw\">@Stripe<\/a> will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist <a href=\"https:\/\/t.co\/hws2OsU3Id\">https:\/\/t.co\/hws2OsU3Id<\/a> and watch the demo (h\/t <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@Solana<\/a>) from Sessions. <a href=\"https:\/\/t.co\/zGKYW2FM6i\">pic.twitter.com\/zGKYW2FM6i<\/a><\/p>\n<p>\u2014 John Collison (@collision) <a href=\"https:\/\/twitter.com\/collision\/status\/1783559623511011535?ref_src=twsrc%5Etfw\">April 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Stripe President and Co-founder John Collison explained that transactions are instantly processed on-chain and automatically converted to fiat. The company has opened a waitlist.<\/p>\n<p>In 2018, Stripe abandoned digital assets, citing the high volatility of Bitcoin.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe [\u2026] are bringing back cryptocurrencies as a means of payment, but this time with more experience. [\u2026] Digital assets are finding real applications. With increased transaction speed and reduced costs, they finally make sense as a medium of exchange,\u201d<\/em> <a href=\"https:\/\/www.youtube.com\/watch?v=GnSlQz-14JY\">stated<\/a> Collison.<\/p>\n<\/blockquote>\n<p>Customers will be able to conduct transactions with USDC on Solana, Ethereum, and Polygon.<\/p>\n<p>At the end of 2019, Stripe exited Facebook&#8217;s Diem project.<\/p>\n<p>In 2021, Collison described himself and the company as \u201centhusiastic fans of Bitcoin.\u201d<\/p>\n<p>In June 2023, Forbes included Stripe among the top five cryptocurrency projects in the ten most innovative private companies in the fintech sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment service Stripe has announced plans to support transactions in the stablecoin USDC this summer. Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist https:\/\/t.co\/hws2OsU3Id and watch the demo (h\/t @Solana) from Sessions. pic.twitter.com\/zGKYW2FM6i \u2014 John Collison (@collision) April 25, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,1519,910],"class_list":["post-12952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-stripe","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12952"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12951"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}