Stripe has announced the reactivation of crypto payments for U.S. businesses, enabling them to accept USDC via Ethereum, Solana, and Polygon. This marks the first time since 2018 that Stripe customers in the U.S. can process crypto transactions, following the company’s earlier decision to discontinue Bitcoin support due to declining demand.
The new feature allows U.S. businesses to accept USDC payments from customers across more than 150 countries, with transactions settled in U.S. dollars. Jeff Weinstein, Stripe’s product lead, explained that the integration supports checkout, elements, and payment intents, with plans to extend functionality to the company’s subscription services in the near future.
Stripe initially entered the crypto payments space in 2014 with Bitcoin support but ceased this service in 2018, citing long confirmation times, high fees, and price volatility as key factors behind the decision.
Although Stripe aimed to launch USDC payments earlier this summer, delays postponed the rollout to October. Weinstein noted that the timing aligned with San Francisco’s summer season, suggesting future support for additional countries is on the horizon.
Recently, Stripe has been expanding its crypto offerings. In July, its EU division introduced a widget that allows online vendors to facilitate purchases of various cryptocurrencies, including BTC, ETH, and SOL. Additionally, in June, Stripe partnered with Coinbase to integrate the crypto exchange’s Layer 2 network, Base, into its payout products, enabling users to buy digital assets using credit cards or Apple Pay through the Coinbase Wallet.
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