Payment processing firm Stripe plans to roll out global USDC payments this summer, more than six years after the company ended Bitcoin (BTC) support.
John Collison, Stripe’s president and co-founder, announced the upcoming payments feature on Thursday.
At a presentation, Collison demonstrated how customers could link crypto wallets to Stripe and make instant payments with USDC on Solana (SOL) and Ethereum (ETH). Businesses using the payments firm will also be able to add a stablecoin option for paying customers.
The company previously supported Bitcoin payment options but discontinued that feature in April 2018, citing the top crypto asset’s lack of utility in payments.
In 2022, Stripe launched a wide suite of tools and services for cryptocurrency-focused businesses.
Explained Collison at the time,
“Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT [non-fungible token] marketplaces.
Not just pay-ins but payouts, KYC [know your customer] and
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