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Tuesday, February 14, 2023
HomeBitcoinStripe Resumes Crypto Push Drawing Inspiration From Block, PayPal

Stripe Resumes Crypto Push Drawing Inspiration From Block, PayPal


  • Payments firm Stripe Inc appears to be like to provide prospects entry to Bitcoin BTC/USD4 years after suspending assist for the cryptocurrency, Bloomberg experiences.
  • Stripe collaborated with crypto startup OpenNode to assist its prospects to just accept Bitcoin funds by way of a brand new app. 
  • Stripe prospects will be capable of convert incoming funds and any quantity of their stability into Bitcoin through the app. 
  • Also Read: Wells Fargo Lists Its Picks In the Fintech Universe – See Which Stocks Made the Cut
  • OpenNode makes use of Lightning Network to make Bitcoin transactions quicker and cheaper to settle funds. 
  • The partnership with OpenNode, specializing in Bitcoin, raised $20 million at a $220 million valuation in February, reflecting Stripe’s renewed curiosity in Bitcoin.
  • Stripe revived its push into crypto after rivals like Block, Inc SQPayPal Holdings, Inc PYPL, and Checkout.com forayed the business.

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