News
Stablecoins have ballooned into a $230-billion industry, which is equivalent to more than 1% of the US money supply.
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Stripe News
Stripe is an American technology company developing solutions for operating and processing online payments. The Stripe company was founded by the Collison brothers — Patrick and John — in 2011. The Stripe payment application is also available for mobile devices. Stripe’s Bitcoin involvement started in 2014, when the company experimented with the support of Bitcoin for the first time. In 2015, it was announced that Stripe would be accepting Bitcoin, so users could perform payments and money transfers using cryptocurrency in the same way as using fiat currencies. Stripe’s instant payouts and low fees have gained popularity among its users. However, in 2018, after three years of working with cryptocurrency, the company announced that it is officially winding down its integration with Bitcoin. Stripe founders and partners believe that Bitcoin works much better as an asset.
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The Utopia Labs team will join the Base network to accelerate Coinbase Wallet's on-chain payments buildout.
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Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.
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Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
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The deal would mark one of Stripe’s largest acquisitions and fulfill its CEO's promise to support stablecoin payments earlier this year.
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Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
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Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
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Stripe introduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand.
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Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced its $200 million acquisition of the exchange.
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Ripple’s significant donation to Deaton highlights the growing influence of blockchain in politics amid SEC scrutiny.
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Stripe has expanded its cryptocurrency integration in the European market, allowing EU clients to purchase cryptocurrencies using their credit or debit cards.
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The partnership will bring USDC support to Stripe on Coinbase’s layer-2 network, Base, and several other integrations.
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This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
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Avalanche C-Chain users can now buy AVAX directly within Web3 apps by using a widget supplied by Stripe.
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Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018.
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