Stripe to open crypto unit three years after bitcoin support ends

October 27, 2021

Stripe to open crypto unit three years after bitcoin support ends

Stripe has announced it is recruiting developers and designers for a cryptocurrency division "to create the future of Web3 payments".

We’re starting a new crypto team at @Stripe. I’m hiring engineers and designers to build the future of Web3 payments:….

It will be headed by Guillaume Ponsin, former head of banking and financial products at Stripe. According to the vacancy list, at least four people are needed for the new unit.

"We are looking for experienced developers in the cryptocurrency space, excited by the opportunity to make a big impact on how users interact with digital assets," the payments company's website says.

In early 2018, Stripe withdrew its support for bitcoin due to strong price fluctuations and long confirmation times for transactions.

Later, the company's president John Collison did not rule out returning support for the first cryptocurrency in the future.

At the end of 2019, Stripe withdrew from Facebook's Diem project.

In February 2021, former Bank of England governor Mark Carney joined the board of the processing service. In that post, he initiated consideration of launching a national digital currency.

Recall that in June, John Collison described himself and Stripe as "enthusiastic bitcoin fans".

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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