It is reported that stripe, an American payment company, suspended its support for bitcoin payment four years ago. At present, the company plans to resume its support for bitcoin payment. Stripe and cryptocurrency startup opennode announced on Tuesday that it will support users to pay with bitcoin through a new application. Through this application, stripe customers can convert any amount of payment and balance received into bitcoin.
The service is part of an open beta of the new application market that stripe plans to launch in the coming weeks. Opennode uses lightning network for payment and settlement, which can make bitcoin payment faster and cheaper.
The application in cooperation with opennode is another step taken by stripe in the field of cryptocurrency. In April, the company announced on twitter that it would provide creators with a stable currency payment function through the stripe connect service.
In block, paypay and checkout COM and other competitors have made progress in the field of cryptocurrency, and stripe is re entering cryptocurrency payment. The company began recruiting relevant talents last year and said in March that it was helping the digital asset exchanges FTX and blockchain Com for online payment and customer authentication.
Opennode focuses on bitcoin and raised $20 million at a valuation of $220 million in February. The cooperation with opennode shows that stripe bitcoin, the most widely used digital currency in the world, has renewed interest. Stripe was an early supporter of bitcoin payment, but it stopped supporting bitcoin in 2018 on the grounds of slow transaction time, rising costs and lack of user interest.
Stripe's re support for bitcoin payment is likely to expand the use of bitcoin, which is also regarded as a positive development by cryptocurrency supporters. Recently, after the collapse of terrausd stable currency, the price of digital currency generally fell. Bitcoin prices have fallen 26% in the past 30 days.