TLDR Crypto · MARKETS & BUSINESS
AFTER 6-YEAR HIATUS, STRIPE TO START TAKING CRYPTO PAYMENTS, STARTING WITH USDC STABLECOIN
Summary from the TLDR Crypto newsletter
Stripe has announced it will allow customers to accept cryptocurrency payments on its platform. It will start this Summer with USDC on Solana, Ethereum, and Polygon, showing a demo of crypto payments using Solana at their developer conference. Stripe previously supported Bitcoin in 2014 but halted crypto efforts in 2018, citing its use as a store of value instead of as a medium of exchange. It processed $1 trillion in payments in 2023.