Payments Giant Stripe now supports crypto payments for USDC self-employed

Payments Giant Stripe now supports crypto payments for USDC self-employed


Article image

Alex Duvpnia

USDC payments can be a game changer for those freelancers who do not have access to a bank account

Payments giant Stripe has made it possible to get payments in Circle’s stablecoin dollar (USDC) for freelancers, according to an announcement on September 22.

Circle co-founder Jeremy Allaire claims that USDC represents a more comprehensive way to send money to people around the world.

Self-employed people who live in countries with large unbanked populations are more likely to struggle to get paid for their work.

Hence, Striple’s recent addition of the USDC token could be a potential game-changer for these people as they are no longer restricted to traditional payment options.

Stripe estimates that nearly 4.4 billion people can now receive payments in USDC tokens.

advertisements

“USDC-Enabled Task Use Case!” Nikhil Chandhok, Chief Product Officer, Circle, commented.

California-based Palo Alto enabled crypto payments in the USDC stablecoin in April. Initially, the new service was only available to a select group of Twitter creators.

Early Bitcoin Developer Jeff Garzik Claims This stablecoin is a “killer app useful for consumers” in response to the Stripe news.

As reported by U.Today, Stripe allows several cryptocurrency companies, such as exchanges and wallet providers, to use their own payments infrastructure.

Stripe enabled Bitcoin support all the way back in 2015, becoming the first major payment company to do so. However, it then soured on the biggest cryptocurrency and removed the option in 2018. After a bullish run of 2021, Stripe decided to take another look at the cryptocurrency now that it gained more adoption.





Source link

Leave a Comment