Stripe Getting Back Into Crypto After Missing Bitcoin Bounce

[Markuri33]

Someone wishes they had been around for the last three years. But Stripe didn't stick around long enough to see BTC go all the way from around $500 that year to over $50,000 today. In early 2018, it decided to ditch the service. Tom Karlo, former product manager of the Global Payment Methods team, wrote at the time that Bitcoin's success as an asset class paradoxically made it "less useful for payments." He noted increased transaction confirmation times and pointed to high transaction fees, at least relative to fiat, or, say, Bitcoin Cash (which promised to make crypto work as a means of exchange).While those issues have yet to be sorted out—average transaction fees climbed above $20 at points this spring just as they did when Karlo wrote that January 2018 post—the thirst for Bitcoin payment solutions is growing. And other companies have taken advantage.more