Stripe Reintroduces Crypto Payments Across 70 Countries

Stripe's relaunch allows US merchants to accept stablecoin USDC, expanding global payment options.

Stripe has reintroduced crypto payments, allowing merchants to accept USDC stablecoin transactions on Ethereum, Solana, and Polygon networks.
The company discontinued Bitcoin payments in 2018 due to high fees and slow transaction speeds but has now embraced stablecoins for their efficiency.
US merchants can now receive payments from international customers more easily, with Stripe charging a 1.5% transaction fee, lower than typical credit card fees.
Over 70 countries participated in stablecoin transactions within the first 24 hours of Stripe's crypto payment relaunch.
Stripe's move follows other financial firms like Visa and PayPal, who are also exploring stablecoin and crypto payment solutions.