Cryptocurrency

2024

when

USDC

<h4><strong>Stripe is re-entering the cryptocurrency market with a new approach after <a href="https://stripe.com/blog/ending-bitcoin-support" target="_blank" rel="noopener">pausing</a> in 2018 due to Bitcoin’s volatility.</strong></h4> 
<p>This Thursday, Stripe announced plans to allow customers to accept payments in cryptocurrency, starting with USDC stablecoins.</p> 
<h5><strong>Stripe’s Fresh Start in Cryptocurrency After 2018 Pause</strong></h5> 
<p>The choice of USDC stablecoins is notable because it ties the cryptocurrency’s value directly to the US dollar. This aims to mitigate the volatility issues that previously deterred Stripe from crypto transactions. Initially, this service will support transactions on three major blockchain platforms: <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a>, Ethereum, and Polygon.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Crypto is back. <a href="https://twitter.com/stripe?ref_src=twsrc%5Etfw">@Stripe</a> will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist <a href="https://t.co/hws2OsU3Id">https://t.co/hws2OsU3Id</a> and watch the demo (h/t <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@Solana</a>) from Sessions. <a href="https://t.co/zGKYW2FM6i">pic.twitter.com/zGKYW2FM6i</a></p> 
 <p>— John Collison (@collision) <a href="https://twitter.com/collision/status/1783559623511011535?ref_src=twsrc%5Etfw">April 25, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Stripe’s initial <a href="https://twitter.com/collision/status/1501961880289480704?s=20&amp;t=1yUo3VsVkmE510UQRyZh4w" target="_blank" rel="noopener">foray back</a> into the crypto space began in 2022, albeit in a limited capacity, when it facilitated payouts in USDC. This service was highlighted by its adoption by Twitter, serving as a high-profile test case for Stripe’s re-entry strategy. Unlike the 2022 initiative, the latest announcement did not mention specific customers, suggesting a broader target audience and perhaps a more generalized market approach.</p> 
<p>Stripe’s decision to reintegrate cryptocurrency transactions into its offerings comes at a time when the digital currency market is maturing, with increased regulatory clarity and growing mainstream acceptance. By choosing <a href="https://www.altcoinbuzz.io/?s=stablecoin" target="_blank" rel="noopener">stablecoins</a> as a starting point, Stripe aims to balance the innovative appeal of cryptocurrencies with the need for stability and reliability in financial transactions.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Exciting news today: <a href="https://twitter.com/stripe?ref_src=twsrc%5Etfw">@Stripe</a> cofounder <a href="https://twitter.com/collision?ref_src=twsrc%5Etfw">@collision</a> previewed news that Stripe will accept <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> payments on <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@Solana</a>, <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw">@ethereum</a>, &amp; <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw">@0xPolygon</a> starting this summer. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f44f.png" alt="👏" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/2fM2awxH9s">https://t.co/2fM2awxH9s</a></p> 
 <p>— Circle (@circle) <a href="https://twitter.com/circle/status/1783576615642906708?ref_src=twsrc%5Etfw">April 25, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This approach may attract businesses looking for new payment solutions without exposing them to the significant price fluctuations associated with other cryptocurrencies.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/stripe-re-enters-crypto-payments-with-usdc/">Stripe Re-Enters Crypto Payments with USDC</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Stripe Re-Enters Crypto Payments with USDC

Altcoin Buzz

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