Stripe to bring back crypto payments in the next few months

This is the first crypto-centric announcement from Stripe since May of last year

share

Global payments company Stripe announced that it was going to start allowing crypto payments on Thursday at the company’s Global Internet Economy conference. 

Speaking at the final keynote, titled the Future of Payments, Stripe’s president John Collison,  said, “our history with crypto goes back a long time.” He cited the company’s now-defunct bitcoin support back in 2018 because it wasn’t being used. 

“We’re excited to announce that we’re bringing back crypto as a way to accept payments, but this time with a much better experience,” he announced.

Due to the fact that crypto has more use cases and, as Collison’s presentation said, “crypto’s back,” Stripe decided to bring back crypto payments. 

“Crypto is finding real utility,” Collison said. “With transaction speeds increasing and costs coming down, we’re seeing crypto finally making sense as a means of exchange.”

The feature, he added, will be available later this summer. 

The company hasn’t made any crypto-centric announcements since last year. 

Read more: Payment company Stripe enables crypto payouts in USDC

Collison told Axios last spring that the company saw potential in crypto, though it wasn’t going to switch its strategy to focus more on the space.

Collison said at the time that, despite the fact that some of their early crypto products faced a lack of demand, the company was still interested in the role crypto could play in the future.

Just last May, Stripe debuted a fiat-to-crypto onramp.

“The embeddable onramp is helpful for Web3 companies that want to fully customize the branding and customer experience, while the Stripe-hosted option provides an even easier way for users to get started,” the company said in a press release at the time.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (10).png

Research

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

article-image

Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub

article-image

Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY

article-image

The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others

article-image

Momentum’s back — BTC leads, risk assets follow

article-image

Ondo Finance’s acquisition of blockchain development company Strangelove follows its buy of Oasis Pro

article-image

Cryptocurrency and stock traders alike had a lot to unpack Wednesday