Stripe to relaunch cryptocurrency payment service later this summer

Stripe to relaunch cryptocurrency payment service later this summer

**Stripe to relaunch cryptocurrency payment service later this summer** Stripe, a global online payment company, has announced that it will be relaunching its cryptocurrency payment service. “Crypto is back,” Stripe co-founder John Collison said during his appearance at the Global Internet Economy Conference. "Transaction speeds are increasing and costs are coming down. Crypto is finally becoming a viable medium of exchange.” “We have a long history with crypto,” he added. “We think we can do it better this time.” The service is expected to be available later this summer. Stripe previously supported bitcoin payments but discontinued support for cryptocurrencies in 2018, citing reasons such as price volatility. **Previously on 19 April 2024**: Stripe, a global online payment company, has announced that it will be relaunching its cryptocurrency payment service, according to Blockworks. “Crypto is back,” Stripe co-founder John Collison said during his appearance at the Global Internet Economy Conference. "Transaction speeds are increasing and costs are coming down. Crypto is finally becoming a viable medium of exchange.” “We have a long history with crypto,” he added. “We think we can do it better this time.” The service is expected to be available later this summer. Stripe previously supported bitcoin payments but discontinued support for cryptocurrencies in 2018, citing reasons such as price volatility.