Stripe, a leading force in the payments industry, is set to enhance digital transactions by introducing support for USDC payments on Ethereum, Solana, and Polygon in over 150 nations. This strategic move marks a significant development in the fintech arena, allowing businesses and consumers to engage more seamlessly with stablecoin transactions globally. The focus keyphrase here, “Stripe USDC payments on Ethereum, Solana, and Polygon,” highlights this breakthrough.
Recently, on social media platform X, Jeff Weinstein, Stripe’s head of products, announced the exciting return of crypto offerings on Stripe. Now, users from an expansive region spanning more than 150 countries will be able to utilize these crypto assets effectively.
Expanding Horizons with Stripe’s USDC Payments
“Exciting times as crypto returns to Stripe!
- Stablecoin acceptance from 150+ global regions
- Payments using USDC across Ethereum, Solana, and Polygon
- US-based enterprises receive funds as USD
- Seamless integration with checkout, elements, or payment intents (soon expanding to subscriptions).
Currently extending services to numerous US businesses, with plans for wider international rollout.”
Stripe’s Journey with Digital Currencies
Stripe previously facilitated Bitcoin (BTC) payments until 2018. It ceased this service due to Bitcoin’s challenges as a payment method. However, the reintroduction of crypto support highlights Stripe’s innovative approach to digital transactions. As per Stripe’s official platform, the Pay with Crypto initiative allows enterprises to manage digital payments without direct crypto handling issues.
“The ‘Pay with Crypto’ feature empowers merchants to accept stablecoin payments that automatically convert to fiat currency in Stripe accounts. Businesses can harness the power of USDC on Ethereum, Solana, and Polygon without managing direct conversions. A 1.5% transaction fee applies.”
Stripe’s co-founder, John Collison, had earlier shared the company’s summer plans to launch payments based on USDC.
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Disclaimer: Views shared in The Daily Hodl are not financial advice. Investigate thoroughly before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Any transactions or losses incurred are your responsibility. The Daily Hodl does not advocate the purchase or sale of cryptocurrencies. Please note our participation in affiliate marketing.
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