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Stripe could reenable crypto payments option By BTC Peers

by Mike Robinson

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Crypto payments could be reenabled on Stripe

John Collison is the founder of Stripe and has suggested that his company might accept crypto payments again after having suspended support for 2018.

Collison, speaking on Tuesday at Fintech Abu Dhabi festival suggested that cryptocurrency payments might be possible. He responded to a question on whether Stripe would start accepting cryptocurrencies, noting it’s “not implausible” that it will in the future.

Collison’s recent remarks indicate a total change in sentiment. Stripe discontinued support for Bitcoin payments last year, citing high volatility and inefficiency when making daily payments. Stripe could now accept cryptocurrencies for payment, thanks to the growth of efficient cryptocurrency payment systems.

“There have been a lot of developments of late with an eye to making cryptocurrencies better and, in particular, scalable and acceptable cost as a payment method,” Collison said. He added that blockchains like and innovations such as Bitcoin’s Lightning Network have the potential to fulfill the role of scalable, low-cost crypto transactions.

Last month, Stripe’s head of engineering announced that the firm would start hiring for a new crypto team, with the target of building the “future of Web3 payments.”

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