{"id":289878,"date":"2024-04-26T00:10:57","date_gmt":"2024-04-25T18:40:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=289878"},"modified":"2024-04-26T00:10:57","modified_gmt":"2024-04-25T18:40:57","slug":"payments-giant-stripe-adds-crypto-again-starting-with-usdc-techcrunch-reports-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/payments-giant-stripe-adds-crypto-again-starting-with-usdc-techcrunch-reports-crypto-news\/","title":{"rendered":"Payments Giant Stripe Adds Crypto Again Starting With USDC, TechCrunch Reports &#8211; Crypto News"},"content":{"rendered":"<p>The company will reportedly allow for USDC payments on Solana, Ethereum, and Polygon.\n<\/p>\n<div>\n<p>Fintech behemoth Stripe is going to allow customers to pay and receive cryptocurrency, starting with the stablecoin USDC.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/techcrunch.com\/2024\/04\/25\/after-6-year-hiatus-stripe-to-start-taking-crypto-payments-starting-with-usdc-stablecoin\/\">TechCrunch<\/a>, the company will begin by offering USDC solely on Solana, Ethereum, and Polygon.<\/p>\n<p>Stripe co-founder and President John Collison is due to announce the news at the company\u2019s Connect developer conference taking place this week in San Francisco, reported TechCrunch.<\/p>\n<p>\u201cTransaction settlements are no longer comparable with Christopher Nolan films for length,\u201d Collison said earlier Thursday, as quoted by the news outlet. \u201cAnd transaction costs are no longer comparable with Christopher Nolan films for budget. Stripe is bringing back crypto payments \u2014 this time with stablecoins, which are a way better experience.\u201d<\/p>\n<p>Stripe did not immediately reply to a request for comment from The Defiant.<\/p>\n<p>USDC is the second-largest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-are-stablecoins\">stablecoin<\/a> in the crypto industry. After bleeding out following its $55 billion June 2022 peak, it plummeted to a floor of $23 billion in November 2023, and has since taken off, reaching a $33 billion market cap, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/usdc\">CoinGecko<\/a>.<\/p>\n<p>This wouldn\u2019t be Stripe\u2019s first foray into the cryptocurrency market. In April 2022, the firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/cefi\/stripe-to-use-crypto\">introduced<\/a> a feature allowing businesses to pay users in crypto using the Polygon network.<\/p>\n<p>Stripe added Bitcoin in early 2014 but pulled the token\u2019s support in 2018 citing concerns over its volatility.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The company will reportedly allow for USDC payments on Solana, Ethereum, and Polygon. Fintech behemoth Stripe is going to allow customers to pay and receive cryptocurrency, starting with the stablecoin USDC. According to TechCrunch, the company will begin by offering USDC solely on Solana, Ethereum, and Polygon. Stripe co-founder and President John Collison is due [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":289879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-289878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=289878"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289878\/revisions"}],"predecessor-version":[{"id":289880,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289878\/revisions\/289880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/289879"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=289878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=289878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=289878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}