Secure Payments Made Simple: Stripe Launches USDC Payments Across 150+ Countries with Polygon PoS
The post Secure Payments Made Simple: Stripe Launches USDC Payments Across 150+ Countries with Polygon PoS appeared on BitcoinEthereumNews.com.
Stripe is in advanced talks to acquire Bridge, a stablecoin fintech platform, which could enhance its role in alternative payment technologies. Bridge recently raised $40 million in a Series A funding round, supporting the creation and transfer of stablecoins like USDT and USDC. Stripe Inc. is reportedly in advanced discussions to acquire Bridge, a stablecoin fintech platform, according to a recent report. This could be an indication that Stripe is investing more resources in new payment methods, especially in the stablecoins market. However, no definitive action has been taken as insiders closer to the matter have pointed out. Bridge, a firm that is dedicated to building the stablecoin infrastructure, has just raised $40M in a Series A funding round led by Sequoia Capital. The company’s platform allows users to create, store and transfer popular stablecoins such as Tether (USDT) and Circle’s USDC. This significant investment puts Bridge in a good place within the fintech market, where stablecoins are gaining more relevance for companies and individuals. Stripe has been slowly growing its involvement in the crypto market. Recently, the firm revealed that it will enable stablecoin payments from more than 150 countries via Polygon PoS. This means that buyers can use USDC while sellers are paid in USD making stablecoin transactions more convenient and safe across the globe. ICYMI – @stripe recently announced stablecoin payments from 150+ countries, powered by Polygon PoS 👀 Buyers pay in USDC, businesses get USD. One step closer to making it easier for people all over the world to pay securely in stablecoins. https://t.co/Dc95Pm7COL — Polygon | Aggregated (@0xPolygon) October 18, 2024 This comes a week after another major development when Stripe brought back support for crypto payments and enabled US-based businesses to accept funds in the form of USDC. If the acquisition of Bridge by…
Filed under: News - @ October 21, 2024 6:22 am