Stripe is getting back into the bitcoin business

Date:
Wed, 25 May 2022 13:41:44 +0000

Description:
Stripe is adding more feathers to its cap, including letting merchants
convert fiat to bitcoin.

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Stripe is the backbone for a lot of the best e-commerce platforms and online services, offering a huge array of tools for fast, easy payments.

Not content to rest on its laurels, Stripe hs now announced a number of upgrades and new servces at its recent developer conference, including
ability for merchants to convert fiat currency that is, dollars and pounds into bitcoin and back again.

The ability to do so comes through a partnership with bitcoin payments
startup OpenNote, with an app appearing in Stripe's new Stripe Apps section
to facilitate the transactions. Convert incoming payments to #Bitcoin in real time, automatically or on demand with the new @OpenNode app featured in the upcoming @Stripe App Marketplace. Learn more here https://t.co/n8tS5JWvcS pic.twitter.com/xHlHHgbhXg May 24, 2022 See more

The Apps marketplace, detailed by Stripe in a blog post , means that third-party developers can now build tools directly into Stripe, starting
with over 50 companies, including Dropbox and Mailchimp.

Stripe's APIs are already the backbone for so much that happens on the web,
at least in terms of payments, and these updates will only increase that. To bitcoin and beyond

Using the OpenNote app, merchants on Stripe can now quickly and easily
convert fiat currency to bitcoin in near real-time, with the option to
convert a set amount to the cryptocurrency.

There is a dashboard that offers a view into their bitcoin holdings and conversion rates, alongside other information, and OpenNote will let
merchants directly link their bank accounts for withdrawals. READ MORE

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Stripe will now let businesses pull your financial data directly

GameStop is launching a crypto wallet

Given that crypto is crashing, the timing of this announcement is interesting and shows that Stripe's leadership believe that bitcoin at least is here to stay.

Whether that prediction works out remains to be seen, but in the meantime merchants across the digital world can now add one more payment option and store their funds in bitcoin. Store your currency securely with the best bitcoin wallets

Via Bitcoin Magazine



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Link to news story: https://www.techradar.com/news/stripe-is-getting-back-into-the-bitcoin-busines s/


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