Square, Stripe take a fresh swing at crypto payments | PaymentsSource
- Key insight: Payment firms such as Stripe and Block are building scale for cryptocurrency payments.
- What’s at stake: The Genius Act has brought more businesses and consumers into the digital asset market, creating potential demand.
- Forward look: The number of stores that accept crypto payments is increasing, though still a small percentage of all merchants.
Cryptocurrency is
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Crypto.com, for example, has integrated with Stripe to enable merchants to accept payments through Crypto.com. Stripe converts the payments into a business’ local currency, where it is deposited into the merchant’s bank account. “We firmly…
