{"id":12152,"date":"2021-10-13T06:42:02","date_gmt":"2021-10-13T05:42:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=12152"},"modified":"2021-10-13T06:42:10","modified_gmt":"2021-10-13T05:42:10","slug":"stripe-looks-to-re-enter-the-crypto-space-as-it-builds-a-new-crypto-team-for-payments","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/stripe-looks-to-re-enter-the-crypto-space-as-it-builds-a-new-crypto-team-for-payments\/","title":{"rendered":"Stripe looks to re-enter the crypto space as it builds a new crypto team for payments"},"content":{"rendered":"\n
Stripe, United States fintech company<\/a>, is looking to re-enter the crypto sector with the formation of a new blockchain team to facilitate crypto payments for its consumers.<\/h5>\n\n\n\n
\"Stripe<\/figure>\n\n\n\n

Three years after withdrawing support for Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> owing to poor transaction times and rising fees, the $100 billion corporation is returning to the crypto market.<\/p>\n\n\n\n

Stripe is looking for four “Staff Engineers” with experience in the crypto industry, according to a job listing page on the company's website.<\/p>\n\n\n\n

On Twitter earlier today, Guillaume Poncin, the head of engineering, indicated that he is searching for engineers and designers to “create the future of Web3 payments.”<\/p>\n\n\n\n

The prospective engineers and designers will be responsible for “everything from web\/mobile UIs to backend, payments, and identification systems,” according to the job description.<\/p>\n\n\n\n

“We're hearing a growing need from developers and users in that arena for better building blocks<\/a> to take payments, move cash, and convert fiat for cryptocurrency, among other things.”<\/p>\n\n\n\n

We want to produce faster, more trustworthy, and higher quality crypto-enabled experiences by concentrating on these problems and needs,” the description adds.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Stripe Co-founder John Collison <\/a>responded to Poncin's tweet by saying that “Stripe and crypto have grown up at the same time,” and that the company decided to enter the field after seeing “interesting” developments:<\/p>\n\n\n\n

\u201cWe started writing code the year after the Bitcoin paper dropped. We\u2019ve always kept an eye on things (e.g. Bitcoin support 2013-2015) but last few years\u2019 developments (L2s, new chains, stablecoins, DeFi) are particularly exciting.\u201d<\/p><\/blockquote>\n\n\n\n

After big competitors such as Square, Paypal, Mastercard, and Square all entered the crypto market, the company decided to accept crypto payments.<\/p>\n\n\n\n

Square introduced BTC trading via its Cash App in 2018, Paypal announced crypto support<\/a> for U.S. clients in October 2020, and Mastercard confirmed numerous crypto assets support on its network in February of this year.<\/p>\n\n\n\n

Stripe began accepting Bitcoin (BTC) in 2014, but four years later dropped support owing to poor transaction times and escalating fees.<\/p>\n\n\n\n

Stripe claimed in a blog post dated Jan. 23, 2018, that it may return to the industry once crypto payments are “viable,” citing the Lightning Network's development and “high-potential” applications developing on the Ethereum blockchain as examples.<\/p>\n\n\n\n

Collison intimated that the corporation was looking at crypto again<\/a> earlier this year when he told Bloomberg TV that:<\/p>\n\n\n\n

“If you think of the kind of world that crypto people and we are trying to bring about, I think it's a very related set of goals.”<\/p><\/blockquote>\n\n\n\n

“We're trapped at a point where barely a fifth of interactions are cross-border,” he continued. “Crypto is one very intriguing route for attempting to fix that.”<\/p>\n\n\n\n

The digital payments startup, which was created in 2011, is now valued at approximately $100 billion. Stripe raised $600 million in a capital round in March 2021, valued at $95 billion, more than doubling its prior valuation <\/a>of $35 billion from the previous year. Stripe's payments infrastructure is currently used by 784,256 active websites, according to Built With statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stripe, United States fintech company, is looking to re-enter the crypto sector with the formation of a new blockchain team to facilitate crypto payments for its consumers. Three years after withdrawing support for Bitcoin owing to poor transaction times and rising fees, the $100 billion corporation is returning to the crypto market. Stripe is looking […]<\/p>\n","protected":false},"author":12,"featured_media":12156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,132,5096,1227,5094],"class_list":["post-12152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-crypto-team","tag-payments","tag-stripe"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Stripe-looks-to-re-enter-the-crypto-space-as-it-builds-a-new-crypto-team-for-payments.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=12152"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/12156"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=12152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=12152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=12152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}