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Stripe reintroduces crypto payments for U.S. businesses using USDC

Stripe has reintroduced crypto payments for U.S. businesses, enabling USDC transactions via Ethereum, Solana, and Polygon after a six-year absence.

Author

Steven Walgenbach
October 10, 2024

Breaking Crypto Stories

Here are the top stories today:

  • Stripe reinstates crypto payments for US businesses via USDC on Ethereum, Solana and Polygon

  • Ripple Launches Digital Asset Custody Services for Banks and Fintech

  • Bitget Tightens Token Listing Standards Amid Scam Concerns

  • World Liberty Financial Teams Up with Aave

  • Retail Crypto Ownership on the Rise: IOSCO Report

  • Cardano Ecosystem Hosts First Legally Enforceable Smart Contract in Argentina

Question of the Day

Will Trump’s crypto platform take off?

Stripe has reintroduced crypto payments for U.S. businesses, enabling merchants to accept USDC via Ethereum, Solana, and Polygon, marking a significant return to crypto after a six-year hiatus.

  • Stripe now allows U.S. businesses to accept USDC payments through Ethereum, Solana, and Polygon, with merchants receiving dollars.

  • The reintroduction comes after Stripe ceased Bitcoin payments in 2018 due to long confirmation times, high fees, and volatility.

  • Stripe is expanding its crypto integration, including a partnership with Coinbase and enabling crypto payments in the EU earlier this year.

Ripple has launched digital asset custody services for banks and fintech firms, consolidating its offerings under the new Ripple Custody brand to expand its reach beyond payment settlements.

  • Ripple's new custody services will securely store digital assets for banks and fintech companies, integrated with its XRP Ledger and AML risk monitoring.

  • The company's custody division has experienced 250% year-on-year growth and operates in seven countries, reflecting growing demand for crypto custody solutions.

  • Banks like Standard Chartered and financial regulators in Taiwan are also exploring crypto custody services, signaling increasing institutional interest in digital asset storage.

Bitget has tightened its token listing requirements, emphasizing business plan reviews, developer background checks, and tokenomics analysis to ensure investor protection and project transparency.

  • Bitget's new listing criteria include evaluating fully diluted valuation (FDV), token distribution plans, and developers' backgrounds to prevent misleading valuations and ensure long-term commitment.

  • Tokens with lock-up periods under two years or those showing signs of centralized control will undergo extra scrutiny to mitigate early sell pressure and potential risk.

  • The exchange aims to protect investors by reviewing social media activity, development history, and smart contract security, particularly focusing on projects with suspicious token distributions.

World Liberty Financial and Aave are collaborating to improve accessibility and efficiency in decentralized finance.

  • World Liberty Financial has partnered with Aave to improve accessibility, efficiency, and security in decentralized finance (DeFi) lending.

  • Aave's advanced DeFi lending technology, including features like flash loans and interest rate switching, will be integrated into World Liberty Financial’s platform.

  • This collaboration aims to democratize financial access, enhance transaction efficiency, and offer innovative financial products to users globally.

Retail crypto ownership is on the rise, as highlighted in IOSCO's latest report. Discover the key factors driving this trend and how it's reshaping personal finance.

  • IOSCO's latest report highlights the rising trend of retail crypto ownership, driven by increased accessibility, awareness, and portfolio diversification.

  • While the growth is promising, the report warns of risks such as market volatility, speculative nature, and the need for clear regulatory frameworks to protect retail investors.

  • Retail investors are encouraged to stay informed and cautious, utilizing educational resources and expert advice to navigate the evolving crypto market.

Argentina makes history with the first legally enforceable smart contract within the Cardano ecosystem, setting a new standard for blockchain integration into legal frameworks in Latin America.

  • Argentina has deployed its first legally enforceable smart contract on the Cardano network, marking a historic milestone for blockchain integration in legal systems.

  • This achievement highlights Cardano’s potential to lead in smart contract development and expand its global reach, particularly in regions like Latin America.

  • The move sets a precedent for other nations to explore blockchain technology within their legal frameworks, opening new opportunities for Cardano and blockchain innovation.

ICYMI:

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