Stripe open to resuming crypto payments

According to various reports, Irish payments firm Stripe is expected to resume taking crypto currency payments having previously suspended them in 2018.

CNBC reports that co-founder and chief executive officer John Collison said at a Dubai event, “Crypto obviously means a lot of different things to a lot of different people,” noting that the majority of the aspects of crypto that is being used as speculative investments are “not that relevant to what we do at Stripe.”

Collison went on to say the likelihood could not be ruled out when asked whether the company will support Bitcoin payments ever again. “We don’t yet, but I think it’s not implausible that we would.”

The Stripe CEO acknowledged that “There have been a lot of developments of late with an eye to making cryptocurrencies better and, in particular, scalable and acceptable cost as a payment method.”

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