bitcoinlfg

Tag: Stripe

  • Stripe acquires stablecoin platform Bridge for $1.1 billion

    Stripe acquires stablecoin platform Bridge for $1.1 billion

    • Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge
    • The company re-established support for crypto payments in April, adding USDC on Ethereum, Solana, and Polygon in October 2024

    Stripe has completed the acquisition of Bridge, a stablecoin platform that helps companies and businesses accept payments in stablecoins.

    According to TechCrunch founder Michael Arrington, Stripe’s deal for Bridge is valued at $1.1 billion and is the fintech company’s largest to date. The TechCrunch founder shared the news via X.

    Stripe’s acquisition of Bridge comes after reports of talks for a deal surfaced last week. This also comes after Stripe, which has recently increased its visibility in the crypto space with recent deals such as TaxJar and Lemon Squeezy, unveiled its latest crypto-focused feature.

    The ‘Pay with Crypto’ feature, which integrates Paxos, allows companies to add stablecoins to their checkout systems. It’s a step that has also seen several other platforms partner to bring stablecoin payments to more businesses.

    Stripe had previously halted crypto payments in 2018 before making a re-entry in April 2024. Stripe also partnered with Coinbase to integrate Base, a layer-2 network, in June. In July, the fintech expanded its crypto product to the European Union.

    The most recent milestone saw Stripe re-introduce crypto payments with USDC on Ethereum, Solana, and Polygon.

    Meanwhile, entrepreneurs Sean Yu and Zach Abrams unveiled Bridge in 2022. The platform raised $58 million from venture capital investors, with $40 million secured during a Series A round at a valuation of $200 million.

    Share this article
    Categories
    Tags



    Source link

  • Stripe partners with Bitstamp to bolster crypto purchases for EU users

    Stripe partners with Bitstamp to bolster crypto purchases for EU users

    • Stripe and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Stripe.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Stripe, a leading payments platform that was launched by Irish entrepreneurs Patrick Collison and John Collison in 2010, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Stripe partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Stripe and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Bitstamp’s partnership with the global payments firm comes after Robinhood announced its $200 million acquisition of the Bitstamp platform in June.

    The Bitstamp crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

    Share this article
    Categories
    Tags

    Source link

  • Giddy Smart Wallet teams up with Stripe for seamless crypto purchases

    Giddy Smart Wallet teams up with Stripe for seamless crypto purchases

    • Giddy and Stripe integration offers users a fast and reliable crypto gateway with support for various payment methods.
    • Giddy also expands its groundbreaking multi-factor private key solution to include native support for the Bitcoin network.
    • Giddy’s mobile app is available on both the App Store and Google Play.

    Giddy, the self-custody smart wallet championing decentralized finance, has joined forces with leading payment provider Stripe to streamline cryptocurrency purchases. This collaboration marks a major leap in making cryptocurrencies more accessible to the public.

    Let’s delve into the details of how Giddy’s integration with Stripe and its native Bitcoin support are set to redefine the crypto landscape.

    Effortless crypto transactions for Giddy users

    The innovative smart wallet Giddy integration with Stripe, a renowned payment provider, enables Giddy users to purchase cryptocurrencies directly from the mobile app with unparalleled ease. By selecting Stripe as the crypto purchase option, users gain access to a seamless experience that supports various payment methods, including bank transfers, cards, and Apple Pay®.

    This integration addresses the longstanding complexity associated with buying self-custody crypto. According to Giddy CEO Eric Parker, Stripe’s reliability and efficiency make it one of the best ways to enter the crypto market. The fast and user-friendly nature of Stripe provides an optimal solution for both new and experienced users to engage with cryptocurrencies at the pace of dynamic markets.

    Blockchains supported by Giddy

    Besides integrating Stripe, Giddy is introducing native support for the Bitcoin network, adding to its existing support for Ethereum, Arbitrum, and Polygon networks. Giddy’s multi-factor private key solution, a cornerstone of its security features, now extends to the world’s most popular cryptocurrency.

    The multi-factor private key solution approach involves separating a user’s private key into multiple encrypted shares, linked to hardware and software controlled solely by the user.

    In addition, the unique security measures implemented by Giddy ensure that even if one share of the private key is compromised or lost, the wallet remains secure and recoverable. This groundbreaking security strategy not only enhances user confidence but also simplifies the crypto experience for everyday users.

    The Giddy mobile app, available on the App Store and Google Play, offers a user-friendly interface where individuals can buy, trade, send, earn, and shop using cryptocurrencies.

    Share this article
    Categories
    Tags

    Source link