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Stripe has reintroduced cryptocurrency payments for U.S. merchants, allowing them to accept USDC through Ethereum, Solana, and Polygon.
This move marks a significant return for the payment processing giant, which first supported Bitcoin payments in 2014 but discontinued the feature in 2018 due to issues like slow transaction times and high fees.
Now, businesses can process USDC transactions for customers across over 150 countries, receiving the equivalent in dollars.
Stripe’s product lead, Jeff Weinstein, noted that the new payment integration works with various checkout options and will soon support subscriptions. Circle CEO Jeremy Allaire expressed excitement over the launch.
Although Stripe initially aimed for a summer rollout, delays pushed it to October. The company plans to expand USDC payment capabilities to more countries in the future.
Stripe has also been active in the crypto space, enabling its European operations to allow online stores to incorporate widgets for purchasing Bitcoin, Ethereum, and Solana.
Additionally, a partnership with Coinbase was established to integrate the exchange’s Layer 2 network, Base, into its crypto payout products, allowing users to buy digital assets using credit cards or Apple Pay.