Wednesday, April 23, 2025

Stripe is re-entering the crypto sector

Stripe pulled back from Bitcoin 3 years ago. Now, they are re-entering the crypto sector.

$100 billion company Stripe Hires a new blockchain team to enable encrypted payments for its users. They are looking for four “Staff Engineers” with experience in cryptocurrency. Earlier today, the head of engineers Guillaume Poncin said on Twitter that he’s looking for engineers and designers to “build the future of Web3 payments.”

He outlines that the long-term engineers and designers will likely be tasked with working “on everything from web/mobile user interfaces to backend, payments and identity systems.”

“We hear a growing need from developers and users in that space for better building blocks to accept payments, move funds, exchange between fiat and crypto, etc. By focusing on these problems and needs, we aim to build faster, more trustworthy, and higher quality crypto-enabled experiences.”

Stripe Co-founder John Collison stated on Poncin’s tweet that “Stripe and crypto have grown up at the same time,” while also mentioning that the firm decided to enter the crypto space after observing “exciting” developments in this area:

“We started writing code the year after the Bitcoin paper dropped. We’ve always kept an eye on things (e.g., Bitcoin support 2013-2015) but last few years’ developments (L2s, new chains, stablecoins, DeFi) are particularly exciting.”

Stripe began accepting Bitcoin (BTC) in 2014, but stopped supporting it four years later due to its slow transaction times and high fees. After major companies, including Square, PayPal, Mastercard, and Square, entered the crypto space, Stripe has now decided to start accepting encrypted payments. In a blog placed up from Jan. 23 2018, Stripe mentioned that it would go back to the world of crypto as quickly as crypto payments are “viable,” pointing to the Lightning Network’s development and “high-potential” projects growing on the Ethereum blockchain.

Earlier this year, Collison hinted that the company was looking at crypto again, telling Bloomberg TV:

“If you think of the kind of world that crypto people and we are trying to bring about, I think it’s a very related set of goals.” He added: “We are stuck down at this level where only a fifth of interactions are cross border, crypto is one very exciting direction for trying to solve that.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Name Price24H % Supply Volume Market Cap
kinza-babylon-staked-btc
Kinza Babylon Staked BTC
$83,270.00
0.00%
6,728,600,524,140,000,256.00 KBTC
$4.16
$10,000,000,000,000,000,000,000.00
steakhouse-eurcv-morpho-vault
Steakhouse EURCV Morpho Vault
$100,000,000,000,000.00
0.00%
1,000,000,000,000,000,000.00 STEAKEURCV
$0.00
$10,000,000,000,000,000,000,000.00
stride-staked-injective
Stride Staked Injective
$16.52
-4.28%
73,838,138,659,315,008.00 STINJ
$216.54
$1,219,691,675,609,022,720.00
vested-xor
Vested XOR
$3,407.11
9,999.99%
99,999,116,564,115.69 VXOR
$762.42
$340,707,768,191,362,560.00
fibo-token
FibSwap DEX
$0.0085
9.90%
69,151,716,404,404,600.00 FIBO
$1,413.48
$585,403,344,542,465.00
trufin-staked-apt
TruFin Staked APT
$8.02
0.00%
9,943,901,817,715.63 TRUAPT
$20,522.00
$79,729,775,627,772.00
equitypay
EquityPay
$0.056
5.44%
1,149,941,993,000,000.00 EQPAY
$221,578.00
$64,943,460,446,278.00
bitcoin
Bitcoin
$93,691.00
5.82%
19,854,946.00 BTC
$58,953,813,941.00
$1,860,222,438,650.00
ethereum
Ethereum
$1,801.62
10.66%
120,713,090.18 ETH
$27,277,886,848.00
$217,502,100,317.00
tether
Tether
$1.000
0.020%
145,279,157,230.66 USDT
$79,459,890,041.00
$145,309,239,946.00
ripple
XRP
$2.27
7.99%
58,394,167,593.00 XRP
$5,573,423,865.00
$132,602,119,196.00
usdex-stablecoin
USDEX
$1.07
-0.47%
103,350,611,249.42 USDEX
$127,433.00
$110,959,993,107.00
binancecoin
BNB
$611.66
0.980%
145,887,575.79 BNB
$1,092,051,640.00
$89,232,237,056.00
wrapped-solana
Wrapped SOL
$143.66
-2.32%
585,876,593.80 SOL
$552,351,432.00
$84,169,742,643.00
solana
Solana
$152.71
9.08%
517,313,865.56 SOL
$6,327,265,561.00
$78,998,625,608.00
usd-coin
USDC
$1.000
-0.01%
61,743,862,079.76 USDC
$17,027,078,731.00
$61,739,255,981.00
dogecoin
Dogecoin
$0.183
11.20%
148,947,026,383.71 DOGE
$2,180,409,900.00
$27,236,838,086.00
cardano
Cardano
$0.702
9.61%
36,018,312,569.14 ADA
$991,396,862.00
$25,287,671,940.00
tron
TRON
$0.245
-0.48%
94,943,620,717.76 TRX
$858,391,371.00
$23,305,198,080.00
staked-ether
Lido Staked Ether
$1,799.94
10.70%
9,256,769.33 STETH
$133,079,962.00
$16,662,002,866.00
content-bitcoin
Content Bitcoin
$24.98
3.54%
500,000,000.00 CTB
$119,178.00
$12,487,923,202.00
gaj
Gaj Finance
$0.0059
1.28%
2,094,398,844,238.15 GAJ
$28.90
$12,402,003,123.00
wrapped-bitcoin
Wrapped Bitcoin
$93,685.00
5.89%
128,814.96 WBTC
$420,821,643.00
$12,068,117,308.00
usd1
USD One
$1.00
0.100%
12,000,000,000.00 USD1
$18,521.57
$12,001,500,605.00
ugold-inc
UGOLD Inc.
$3,044.26
0.140%
3,215,075.00 UGOLD
$14,613,354.00
$9,785,356,262.00
avalanche-2
Avalanche
$22.86
12.11%
416,087,113.12 AVAX
$548,567,709.00
$9,512,121,367.00
parkcoin
Parkcoin
$1.11
2.45%
8,500,000,000.00 KPK
$292,877.00
$9,426,575,920.00
sui
Sui
$2.89
25.10%
3,249,982,900.46 SUI
$2,595,980,498.00
$9,390,298,354.00
stellar
Stellar
$0.272
9.34%
30,844,531,277.04 XLM
$317,418,246.00
$8,395,703,097.00
leo-token
LEO Token
$9.08
2.56%
923,629,199.90 LEO
$5,151,801.00
$8,383,330,479.00
shiba-inu
Shiba Inu
$0.000014
8.97%
589,250,375,071,507.38 SHIB
$320,455,931.00
$8,080,737,819.00
hedera-hashgraph
Hedera
$0.185
7.42%
42,228,651,562.08 HBAR
$253,902,710.00
$7,821,368,184.00
the-open-network
Toncoin
$3.11
6.93%
2,510,256,860.04 TON
$211,421,316.00
$7,816,645,721.00
wrapped-steth
Wrapped stETH
$2,163.34
10.73%
3,560,616.41 WSTETH
$62,286,526.00
$7,702,878,997.00
usds
USDS
$1.000
0.00%
7,340,494,399.57 USDS
$19,548,636.00
$7,339,911,832.00
bitcoin-cash
Bitcoin Cash
$359.63
3.60%
19,859,940.52 BCH
$291,065,427.00
$7,144,174,218.00
yay-stakestone-ether
Yay StakeStone Ether
$2,668.36
-2.93%
2,569,838.56 YAYSTONE
$2,031.85
$6,857,936,219.00
litecoin
Litecoin
$84.23
6.04%
75,775,445.73 LTC
$587,510,023.00
$6,388,258,631.00
hyperliquid
Hyperliquid
$18.89
3.54%
333,928,180.00 HYPE
$161,314,600.00
$6,307,883,880.00
polkadot
Polkadot
$4.13
9.36%
1,522,267,060.00 DOT
$261,739,387.00
$6,272,978,612.00
pundi-aifx
Pundi AIFX
$16.00
0.00%
378,605,524.00 PUNDIAI
$65,853.00
$6,056,490,477.00
bitget-token
Bitget Token
$4.58
3.01%
1,169,993,089.20 BGB
$159,158,830.00
$5,357,247,638.00
binance-bridged-usdt-bnb-smart
Binance Bridged USDT (BNB Smar
$0.999
-0.09%
5,184,994,200.62 BSC-USD
$322,340,706.00
$5,181,393,779.00
murasaki
Murasaki
$4.23
-13.71%
1,000,000,000.00 MURA
$212,586.00
$5,007,171,706.00
black-phoenix
Black Phoenix
$3.35
9,999.99%
1,490,000,000.00 BPX
$0.00
$4,987,364,236.00
weth
WETH
$1,805.24
10.85%
2,740,873.78 WETH
$387,619,412.00
$4,947,963,937.00
ethena-usde
Ethena USDe
$0.999
0.0100%
4,798,334,803.07 USDE
$65,222,020.00
$4,794,932,940.00
pi-network
Pi Network
$0.667
5.04%
6,940,938,275.49 PI
$139,357,373.00
$4,624,829,100.00
monero
Monero
$227.65
5.43%
18,446,744.07 XMR
$89,895,773.00
$4,195,610,146.00