Stripe Brings Back Crypto Support After 4 Years – Says “Crypto Is Going Mainstream” – Featured Bitcoin News

Payments giant Stripe has brought back crypto support after ceasing to process bitcoin payments four years ago. The company now says, “Our optimism for the future of crypto was not unfounded… Crypto is going mainstream.”

Stripe brings back crypto support

Payments giant Stripe has returned to the crypto space after four years, with the launch of a suite of products to support crypto businesses.

Stripe is a payment infrastructure company based in San Francisco and Dublin, with 14 offices around the world. According to its website, millions of businesses in over 120 countries use Stripe to start, run and grow their businesses, including Amazon, Google, Shopify, Microsoft, Spotify, Uber and Nasdaq.

Stripe co-founder John Collison announced on Twitter on Thursday that his company now supports crypto businesses, including exchanges, on-ramps, wallets and non-fungible token (NFT) marketplaces. .

Stripe was one of the first major companies to adopt bitcoin. “In 2014, we became the first major payment company to support bitcoin payments,” the company explained on its website. However, Stripe stopped processing Bitcoin transactions in April 2018 citing block size issues, which the company says led to “bitcoin becoming less useful for payments.”

Four years after Stripe stopped supporting bitcoin payments, the company explained in a blog post, “We’ve learned that our optimism for the future of crypto isn’t unfounded.” The payment company has developed:

From new developments in blockchain infrastructure to widespread interest from major financial institutions, crypto is going mainstream.

“To better support our customers and continue to grow the GDP of the Internet, we are working to give crypto businesses access to today’s global financial infrastructure – starting by partnering with FTX and Blockchain. com to expand consumer access to crypto,” Stripe added. .

What do you think of Stripe bringing back crypto support after four years? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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