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.
Web3 companies can utilize the Stripe-hosted fiat-to-crypto on-ramp to allow customers to buy crypto at the “precise moment they need it.”
Stripe tackles ‘cold start problem’ with the launch of fiat-to-crypto on-ramp
As DeFi continues to become more mainstream, traditional financial tools can serve as a bridge from Web2 to Web3 for those who still remain skeptical.
Credit cards can bridge Web2 to Web3, says music industry exec
The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe.
Solana-based market maker integrates Stripe for fiat-to-crypto transactions
There are still pockets of hope, however, with some companies looking to expand despite the market conditions.
Moonvember kicks off with sweeping staff layoffs across crypto
In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets.
Twitter and Stripe roll out USDC payout program for creators via Polygon
Stripe has partnered with FTX, FTX US, Blockchain.com, Nifty Gateway and Just Mining to launch a crypto business suite.
Stripe announces fiat payment support for cryptocurrencies and NFTs
After pulling back from Bitcoin three years ago, Stripe is looking to reenter the crypto sector.
Stripe builds new crypto team for payments 3 years after dropping Bitcoin