Stripe is a popular online payment company.
Stripe ended the option to pay with bitcoin nearly three years ago, citing price volatility and the complexities of executing payments at the time.
Stripe co-founder John Collison, speaking in a recent interview about the progress cryptocurrencies have made over the past three years, explained that not every aspect of crypto can be used for a payment company like them.
However, he did not rule out the possibility of adding a cryptocurrency payment option again.
He said that they plan to start accepting cryptocurrencies again, and added:
There have been a lot of developments recently with the aim of making cryptocurrencies better, in particular, making them scalable and preparing them for acceptance as a means of payment.
Collison also revealed that the company’s new crypto team is headed by chief engineering officer Guillaume Bunsen, who has also joined Matt Huang, co-founder of crypto-focused company Paradigm, on its board.
Stripe co-founder praises altcoins:
During his interview, and discussing Stripe’s reopening of the cryptocurrency payment option, Collison praised new and upcoming digital currencies that can make way for easy money transfers.
The co-founder of Stripe seemed to be particularly impressed with the digital currency Solana (SOL), which reached the top five in the recent climb.
As cryptocurrencies become mainstream, their use as a form of payment is also on the rise.
Giant payment processing companies, such as PayPal, Venmo, and even Visa, offer crypto spending options.
All of these payment giants have finally got their hands on cryptocurrency after showing their initial willingness and positioning.
Stripe as a payment company realized that at some point they would have to integrate crypto and keep pace with the trend.
Max Keizer: Bitcoin offers confidence and innovation, especially if it is adopted by leaders like the president of El Salvador
Commonwealth Bank of Australia CEO: Decentralized finance is here to stay and blockchain has many use cases