Stripe Brings Back Crypto Payments on Platform With Stablecoins [BNN Bloomberg (Canada)]
PayPal Holdings, Inc. (PYPL)
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Source: BNN Bloomberg
“There's been a lot of technical improvements happening in crypto,” John Collison, co-founder and president said Thursday at the payments processing company's annual conference in San Francisco. The option should be available this summer, he said. Transaction speeds have increased in crypto, while fees have gone down as crypto finds “real utility,” according to Collison. He said that stablecoins, which are cryptocurrencies pegged to a fixed asset like the dollar, are becoming “more stable” and demonstrated a crypto payment on Stripe using Circle's USDC token during his presentation. Stablecoins have continued to gain traction in crypto and fintech, with PayPal Holdings Inc. introducing its PYUSD stablecoin last year. Stripe enabled Bitcoin payments about 10 years ago, with Collison noting that the experience back then was “pretty terrible.” The service ended in 2018 in part due to a lack of customer demand. The private company also experimented with allowing creators to get pai
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PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/2/24 - Form DEFA14A
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- PYPL's page on the SEC website