Why Did Stripe Start Accepting Crypto Payments?

Krutika Adani

Stripe is looking to reintroduce USDC payments on Solana, Ethereum and Polygon.

The crypto-based payments might be available as soon as the summer of 2024.

Stripe had banned crypto on its platform way back in 2018.

The ban was supposedly due to increased cybercrime and uncertainty around crypto laws.

However, the resurgence of crypto, especially stablecoins have forced stripe to rethink its strategy.