Beginning this summer, Stripe will be enabling USDC payments for customer transactions.
Fintech company Stripe will begin supporting transactions in USD Coin this summer, reviving its involvement in crypto-based commerce.
Stripe said Thursday that stablecoin payments will be integrated into the servicer's checkout suite in several weeks. According to the company, crypto transactions will “immediately” settle to fiat. "Crypto is back," Stripe's cofounder, John Collison, posted along with a demonstration video Thursday on X. "@Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat."
“We're excited about empowering Stripe users to accept stablecoin payments, helping them expand their global reach and give their customers access to easy, fast, and trustworthy transactions even if they don't have a bank account or credit card,” the company said in a statement shared with The Block.
Stripe's latest push to incorporate cryptocurrencies into its services suite comes several years after the company phased out bitcoin payments on its platform. The company sunsetted the experiment in 2018, reasoning at the time that bitcoin's volatile price action made the token more suitable as “an asset than… a means of exchange.”Disclaimer: The Block is an independent media outlet that delivers news, research, and data.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phoenix Introduces Yield Platform with USDC Payouts: ReviewPhoenix, multi-product liquidity ecosystem for beginners and pros, announces lucrative yield programs with transparent rewards
Read more »
Will Bitcoin (BTC) Break its $73.8K ATH Following This Record USDC Transfer?Crypto Blog
Read more »
Ripple to launch USD stablecoin that CTO David Schwartz hopes will rival USDT and USDCSeeking to capture some of the growing stablecoin market, Ripple is launching a competitor to Tether and Circle's stablecoins.
Read more »
Ripple to launch US dollar stablecoin, aims to compete with USDT and USDCRipple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle’s USDC and Tether USDT.
Read more »
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDCSam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Read more »
USDC Issuer Circle Expands Support for Web3 Services on SolanaCrypto Blog
Read more »