After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin

Key Facts

• This will be the first time that Stripe has taken crypto payments since 2018, when it dropped support for Bitcoin due to it being too unstable.
• Stripe in 2022 tried its first reentry into the crypto market when it announced payouts (but not payments) in USDC, with Twitter as its marquee customer for the service.
• On Wednesday the company unveiled a long list of other launches, the most significant update being that Stripe, for the very first time, would let customers integrate competing payment providers with Stripe’s other financial services tooling.
• A brief timeline of Stripe’s dance with crypto underscores the tricky line that Stripe has walked over the years when it comes to cryptocurrency.

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