Popular payment enabler Stripe announced plans to end support for bitcoin last month, but crypto exchange Coinbase is stepping into the gap after it released a new option for online merchants. Coinbase — which is best known for its service that converts fiat into bitcoin, Ethereum, Litecoin or Bitcoin Cash — is valued at $1.6 billion after raising $100 million last year. The… Read More
Category: stripe
Stripe will establish an engineering hub in Dublin
Stripe will open its first engineering center outside the United States in Dublin, the company told Reuters today. Dublin isn’t a surprising choice. Though the online payment processing provider is based in San Francisco, its founders are Irish and Stripe’s European headquarters are already in the Irish capital, where it has about 100 employees. Reuters says Stripe will hire… Read More
Stripe won’t accept Bitcoin anymore
/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F698998%2Ffe261161-befb-40e0-9ff3-84f66e64e591.jpg)
Bitcoin has been dealt another blow — Stripe will no longer accept payments with the decentralized cryptocurrency.
It seems like Bitcoin is getting battered this week with its declining value, but Stripe’s decision is pretty logical and inevitable.
SEE ALSO: Bitcoin is a victim of its own success
As the company explained in a blog post, “Bitcoin has evolved to become better-suited to being an asset than being a means of exchange.”
It says the usefulness of the coin as a payment method has decreased and fees are through the roof — transaction fees were above $50 at one point at the height of the Bitcoin bubble late last year. Read more…
More about Bitcoin, Stripe, Cryptocurrency, Payment Platform, and Tech
View More Stripe won’t accept Bitcoin anymoreStripe is ending support for bitcoin payments on April 23
Payments platform Stripe will stop supporting bitcoin in April, citing the cryptocurrency’s volatility and long transaction times, among other things. It’s a logical decision, but one likely to anger the easily provoked crypto-crowd. Read More
Stripe Atlas adds a tool to set up stock issues for founding teams as it builds up in business services
Stripe Atlas was launched by payments company Stripe last year to help small businesses set themselves up as a legal, incorporated business entity in the U.S. Now with “thousands” of entrepreneurs from 125+ countries using Atlas, Stripe is expanding it with a new feature as it hones its focus on being a platform for startup services. Companies that are signed up to Atlas (which… Read More