Stripe, the fintech giant, has announced that it will once again allow customers to accept cryptocurrency payments after a six-year hiatus. The company will initially support USDC stablecoins on the Solana, Ethereum, and Polygon blockchains, as reported by TechCrunch. The news was revealed by Stripe’s co-founder and president, John Collison, at the Connect developer conference in San Francisco. Collison highlighted the improved stability and user experience that stablecoins offer. This move is part of Stripe’s broader strategy to expand its services and integrate with other payment providers, offering customers more flexibility and options. Stripe processed $1 trillion in transactions last year and continues to grow, with a valuation of $65 billion. In 2018, the company halted its support for Bitcoin due to its volatility, but now it cautiously embraces cryptocurrencies again. Other payment companies, such as Triple-A, have also adopted stablecoins for customer payments. Triple-A plans to integrate PayPal’s stablecoin, PYUSD, into its supported tokens by the end of June.
