{"id":512507,"date":"2024-04-26T14:57:46","date_gmt":"2024-04-26T14:57:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=512507"},"modified":"2024-04-26T14:57:46","modified_gmt":"2024-04-26T14:57:46","slug":"stripe-u-turns-on-crypto-payments-with-usdc-integration-six-years-after-dropping-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stripe-u-turns-on-crypto-payments-with-usdc-integration-six-years-after-dropping-bitcoin","title":{"rendered":"Stripe U-Turns On Crypto Payments With USDC Integration, Six Years After Dropping Bitcoin"},"content":{"rendered":"<p>Stripe is reintroducing crypto payments by enabling transactions with USD Coin (USDC), six years after dropping support for <a href=\"https:\/\/insidebitcoins.com\/news\/morgan-stanley-explores-letting-its-15000-brokers-recommend-spot-bitcoin-etfs-to-clients\">Bitcoin<\/a> (BTC) and other digital currencies.<\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;We&rsquo;re excited to announce that we&rsquo;re bringing back crypto as a way to accept payments, but this time with a much better experience,&rdquo; the company&rsquo;s co-founder and President John Collison said during an April 25 <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=GnSlQz-14JY\"><span style=\"font-weight: 400;\">keynote address<\/span><\/a><span style=\"font-weight: 400;\">. &ldquo;Crypto is finding real utility.&rdquo; <img decoding=\"async\" src=\"https:\/\/assets-global.website-files.com\/5a1030a3808a3a000115faf0\/63c7a78f11d6b5bd80ad6fd4_how-to-connect-stripe-and-receive-payments-05.webp\" alt=\"How to connect Stripe and receive payments\"><\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Crypto Starting To Demonstrate Utility<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With reduced transaction times and lowering transaction fees, Collison says &ldquo;crypto is finally making sense as a means of exchange.&rdquo;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users will be able to execute payments with USDC on either <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/solana-meme-coin-ico-raises-over-15-million-fastest-growing-cryptocurrency-of-2024\"><span style=\"font-weight: 400;\">Solana<\/span><\/a><span style=\"font-weight: 400;\"> (SOL), Ethereum (ETH) or Polygon (MATIC). <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<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>\n<p>&mdash; John Collison (@collision) <a href=\"https:\/\/twitter.com\/collision\/status\/1783559623511011535?ref_src=twsrc%5Etfw\">April 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The announcement had little impact on the prices of each blockchain&rsquo;s native crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only MATIC managed to print a more than 2% gain to trade at $0.7193 as of 4:00 a.m. EST, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\"> data. Leading altcoin ETH recorded a minor loss during the same period, while Solana dropped more than 1%.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Stripe Has A Long History In The Crypto Space<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Stripe&rsquo;s long history in the crypto space began back in 2014, when the payment processor first started exploring integration with the Bitcoin ecosystem. It then discontinued its support for the leading crypto in 2018, arguing that BTC was too volatile.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/twitter-is-working-with-stripe-payments-to-provide-a-coins-feature\"><span style=\"font-weight: 400;\">Stripe<\/span><\/a><span style=\"font-weight: 400;\"> also highlighted the growing fees on the Bitcoin network and criticized its transaction times. <\/span><span style=\"font-weight: 400;\">This came amid the first &ldquo;crypto winter,&rdquo; as the BTC price plummeted from a high of $19,650 in December 2017 to $3,401 at the end of 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an effort to re-enter the market, Stripe took a step forward the following year by becoming a co-founder of Facebook&rsquo;s <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/stripe-visa-and-mastercard-shun-their-partnership-with-facebook-libra\"><span style=\"font-weight: 400;\">Libra project<\/span><\/a><span style=\"font-weight: 400;\">. Not long thereafter, the fintech giant left the project, which failed to gain the necessary traction.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe\/\"><span style=\"font-weight: 400;\">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/coinpoker-casino-and-poker-site-aims-to-be-next-rollbit-offers-free-crypto-giveaway\"><span style=\"font-weight: 400;\">CoinPoker Casino And Poker Site Aims To Be Next Rollbit, Offers Free Crypto Giveaway<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/the-pepe-price-pumps-3-as-investors-turn-to-this-chain-traveling-dogecoin-derivative-for-parabolic-gains\"><span style=\"font-weight: 400;\">The Pepe Price Pumps 3% As Investors Turn To This Chain-Traveling Dogecoin Derivative For Parabolic Gains<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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