Payment service Stripe has added $USDC
and $USDP
#Stablecoins as a payment option on the checkout page, Bloomberg writes.
Customers from more than 70 countries used the option on the first day.
“We're doing what online businesses need, and they want to reach more customers at a lower cost. “Stable Coins are showing early signs that they can help achieve that,” commented Stripe's head of product Jeff Weinstein.
The company announced the integration of such #transactions in April.
Stripe supports #USDC in Ethereum, Solana and Polygon, and #USDP in Ethereum and Solana. Payments in stablecoins are converted to U.S. dollars. The firm charges 1.5% of the transaction amount in USD.
The launch of the service was made possible by a partnership with Coinbase, which was concluded in June.
As part of the deal, Stripe added Base support to its suite of cryptocurrency products, and the exchange included Stripe's fiat-to-digital asset conversion service in Coinbase Wallet.
In 2014, Stripe became the first major provider to integrate bitcoin payments. In 2018, the firm abandoned digital assets “due to high volatility.”
At the end of 2019, the company withdrew from Facebook's Project Diem.
In 2021, Stripe founder John Collison called himself and the firm “enthusiastic bitcoin fans”.
Recall, in July 2024, Stripe added the ability to buy bitcoin, Ethereum and Solana in the EU.
