Note: Stripe did *not* roll out crypto payments!

[NotATether]

Reddit has incorrectly reported that Stripe is enabling crypto payments for all customers (i.e. people who buy stuff). This is false. The actual news from many outlets including TechCrunch:

Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe has taken crypto payments since 2018, when it dropped support for Bitcoin due to it being too unstable.

Stripe in 2022 tried its first reentry into the crypto market when it announced payouts (but not payments) in USDC, with Twitter as its marquee customer for the service. Thursday’s news has no customer names attached to it.

That's right, this USDC support is only for the Stripe merchants themselves. It is not for the consumers at all. In fact, nothing has changed for them, it is still business as usual.

Although, I won't deny that it would be a coup if you could suddenly start paying for subscriptions via Stripe using crypto.

[Stompix]

Hmm, but the presentation showed paying with crypto for products:
https://twitter.com/collision/status/1783559623511011535
The thing about the paying merchants for cashout was indeed enabled back in 2022, this is about them accepting for purchases somewhere in the future.

[dkbit98]

Although, I won't deny that it would be a coup if you could suddenly start paying for subscriptions via Stripe using crypto.

I think I had Stripe account years ago, but I don't miss it at all.
There are plenty of payment cards that support cryptocurrency payments now, so even if Stripe someday adds support for stablecoins it would be anything revolutionary.
I am reading all the news with a big dose of reservation, until I have multiple confirmations, everyone wants only growing numbers and sensational news.

[Faisal2202]

Not a stripe user, but are you talking about a platform that helps people to integrate payment systems in the sites (e-commerce). If yes, then I am seeing some sites saying crypto payment is available for the customers as well. Help me to understand that a merchant can use USDC for payouts but customers can't for payments. This means, that the person who is running a site, can actually convert his money via stripe into crypto but no person can pay in crypto.

Am I right, well, that's so absurd, why is that, the fee are not that high, I know BTC fee is high but there are other better options to like TRX, Matic, BNB, ETH on L2 etc. etc. Well, just asking as I did not have any idea about stripe before hehe.

[TomPluz]

Although, I won't deny that it would be a coup if you could suddenly start paying for subscriptions via Stripe using crypto.

Stripe is considered as a big payment platform and its foray into cryptocurrency can be meet with a lot of excitement and possibilities. Alas, I can see that this company is really wading so carefully and do not want to fast-track things maybe to avoid possible mistakes and to make sure it is not upsetting its own market. So one might be asking: how big is Stripe and can it make a recognizable impact in case it would go crypto in full blast? According to this published material: Based in 2022, there are 1.32 million active websites globally using Stripe, with an average of 1,000 companies joined Stripe each day. Stripe processed a global payment volume of $817 billion and as of January 2024, Stripe is valued at $50 billion. Let's hope that there will be more on this development and that all Stripe users will be able to one day use crypto as an option to pay, aside from the usual fiat money. It must be noted that in my country, Stripe has no legal business operation and I am really wondering why it is not attracted to this small but growing market in the Asia-Pacific region.

[NotATether]

Stripe is considered as a big payment platform and its foray into cryptocurrency can be meet with a lot of excitement and possibilities. Alas, I can see that this company is really wading so carefully and do not want to fast-track things maybe to avoid possible mistakes and to make sure it is not upsetting its own market. So one might be asking: how big is Stripe and can it make a recognizable impact in case it would go crypto in full blast? According to this published material: Based in 2022, there are 1.32 million active websites globally using Stripe, with an average of 1,000 companies joined Stripe each day. Stripe processed a global payment volume of $817 billion and as of January 2024, Stripe is valued at $50 billion. Let's hope that there will be more on this development and that all Stripe users will be able to one day use crypto as an option to pay, aside from the usual fiat money. It must be noted that in my country, Stripe has no legal business operation and I am really wondering why it is not attracted to this small but growing market in the Asia-Pacific region.

I heard that Stripe used to do Bitcoin payouts (and checkouts possibly?) until about 2018 or so during the infamous rise and crash of the Bitcoin price. They pulled out because they said that Bitcoin's price was too volatile. I don't think we will ever see Bitcoin or any other cryptocurrency checkouts on Stripe barring something extraordinary happening.