You Could Soon Pay For Your Favorite Subscriptions In Stablecoins Via Stripe
Stripe’s quiet move to enable stablecoin subscription payments could revolutionize crypto usability, making Web3 and stablecoins a seamless part of everyday transactions.
Stripe surreptitiously revealed that it will allow stablecoin payments for subscriptions and other recurring transactions, not just one-offs. This signals its increasing commitment to crypto.
Such a feature could provide a major onramp for crypto functionality, making all of Web3 that much more mainstream.
Stripe’s Stablecoin Subscriptions
Stripe, a global leader in payments processing, has been incorporating stablecoins for the past few months now. This took place after major acquisitions as part of a broader strategy to re-enter the crypto space.
Today, unverified rumors have been circulating that Stripe would begin allowing stablecoins for subscription payments. Although the company hasn’t evidently announced it outright, a key clue corroborates these claims: a section labeled “private preview” on an FAQ page.
Stablecoin Subscription Payments. Source:
Stripe
The line about subscription payments is very small, but still confirms that Stripe is adding or has already added this stablecoin functionality.
Such a move could have huge implications for crypto, enabling a major new onramp and functionality for stablecoins.
So far, it seems likely that USDC will continue being Stripe’s main stablecoin for this feature, but a lot is unclear. Either way, recurring payment functionality would fully cement this corporate giant’s interest in Web3.
Slack, Squarespace, Notion, and Shopify are just some of the big names that use Stripe’s payment module for subscriptions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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