TechFlow news — According to CryptoBriefing, Stripe, the $95 billion payments giant, has announced its return to the crypto space. Co-founder John Collison tweeted: "Stripe now supports crypto businesses, including exchanges, on-ramps, wallets, and NFT marketplaces. It's not just about deposits—it's also about payments, covering KYC, identity verification, fraud prevention, and more."
Stripe outlined a range of new solutions for the blockchain industry and invited Web3 builders to share additional needs so it can provide more tools in the future. The company will support cryptocurrency exchanges and fiat on-ramps, enabling users from over 180 countries to deposit funds and use its Connect product for fiat payouts. Its Banking-as-a-Service API can streamline fund management processes for wallet providers or decentralized finance platforms.
Notably, after initially embracing cryptocurrencies, Stripe halted support for crypto payments in 2018, citing high volatility and inefficiency that made them unsuitable for everyday transactions. In November last year, Collison indicated openness to reconsidering crypto payments. Earlier reports revealed that FTX had chosen to partner with Stripe to build payment and risk mitigation features.
