According to Decrypt, after six years, global payment giant Stripe announced that it will re-support cryptocurrency payments, allowing businesses to accept USD Coin (USDC) payments through its platform. This return to the cryptocurrency market marks the first return of Stripe since it stopped Bitcoin payments in 2018 due to market volatility and high fees.
Stripe currently supports USDC payments through Ethereum, Solana, and Polygon networks, and plans to expand to more countries in the future. This move will help companies simplify cryptocurrency transactions and improve payment efficiency by automatically converting stablecoin payments into fiat currency settlements.
In addition, Stripe has also integrated with the Avalanche blockchain to further expand users' access to crypto products and NFT platforms. This strategic adjustment of Stripe will provide more payment options for businesses using its technology and promote the application of cryptocurrencies in the global market.
