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Stripe, Payments Giant Set To Launch Crypto Support, Mentions Potential of Solana and Lightning Network

The president of payments giant Stripe affirms the firm is open to the possibility of crypto integration into its platform.

Furthermore, Stipe does not show support for Bitcoin for three years after due to volatility concerns. However, Stripe co-founder and president John Collison tells CNBC in a new interview that the industry titan is reconsidering its position on crypto.

So, Stripe co-founder and president John Collison notes.
“One thing that’s interesting to us is 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.”

Also, Stripe co-founder and president John Collison adds.
“And so you have the layer 2 chains like Lightning, you have efforts like Solana,..”
“which is a dedicated chain towards payments, I think all that work is really interesting because…”
“we are interested in bringing more people into the global economy at Stripe.”

More so, as per Stripe co-founder and president John Collison, crypto may bring in more globalized payment rails.

Notably, He also notes this works perfectly with the goals of Stripe, which will lead them to reconsider.

“In countries where you have really well-developed credit card networks or bank…”
“transfer systems, then maybe the differential value of crypto is not that high.”

“But that is not all countries around the world. And so as we think about at Stripe,…”
“global coverage, then you start asking the question…”
“‘is crypto an interesting way of complimenting that?’”

Lastly, Collison responds about accepting Cryptocurrency now.

“We don’t yet, but I think it’s not implausible that we would.”

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