{"id":352006,"date":"2021-10-13T04:16:44","date_gmt":"2021-10-13T01:16:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stripe-builds-new-crypto-team-for-payments-three-years-after-dropping-bitcoin\/"},"modified":"2021-10-13T04:16:44","modified_gmt":"2021-10-13T01:16:44","slug":"stripe-builds-new-crypto-team-for-payments-three-years-after-dropping-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stripe-builds-new-crypto-team-for-payments-three-years-after-dropping-bitcoin\/","title":{"rendered":"# Stripe builds new crypto team for payments three years after dropping Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># S<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>e builds new crypto team for payments three years after dropping Bitcoin <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvNTBhM2M5ZGEtYjIzNy00ZmFlLThhYjktMTQxYmUxMDE0YzYyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. <\/p>\n<p>The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction times and rising fees. <\/p>\n<p>According to a job <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/stripe.com\/jobs\/search?q=crypto\">listing<\/a> page on Stripe\u2019s website, the firm is looking for four \u201cStaff Engineers&#8221; with experience in the crypto sector. Guillaume Poncin, the head of engineering <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/gponcin\/status\/1447948308907913218\">stated<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> earlier today that he\u2019s looking for engineers and designers to \u201cbuild the future of Web3 payments.\u201d <\/p>\n<p>The listing outlines that the future engineers and designers will be tasked with working \u201cacross everything from web\/mobile UIs to backend, payments and identity systems.\u201d<\/p>\n<p>\u201cWe hear a growing need from developers and users in that space for better building blocks to accept payments, move funds, exchange between fiat and crypto, etc. By focusing on these problems and needs, we aim to build faster, more trustworthy, and higher quality crypto-enabled experiences,\u201d the listing reads. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Stripe announced a new Web3 payments team and Coinbase announced an NFT product this morning.<\/p>\n<p>Probably nothing.<\/p>\n<p>\u2014 Chris Neumann (@ckneumann) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ckneumann\/status\/1447996479424057348?ref_src=twsrc%5Etfw\">October 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Stripe Co-founder John Collison <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/collision\/status\/1448002910277849089?s=20\">chimed<\/a> in on Poncin\u2019s post by stating that \u201cStripe and crypto have grown up at the same time,\u201d and said that the firm decided to take the plunge into crypto after observing \u201cexciting\u201d developments in the space: <\/p>\n<blockquote><p>\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<p>The move to accept crypto payments comes after major competitors includ Square, Paypal, Mastercard, and Square have all entered the crypto sector. Square launched BTC trading via its Cash <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a> in 2018, Paypal launched crypto support for U.S. customers in October 2020, while Mastercard announced in February this year that it would support multiple crypto assets on its network.<\/p>\n<p>Stripe initially started accepting Bitcoin (BTC) back in 2014, but withdrew <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/stripe.com\/blog\/ending-bitcoin-support\">support<\/a> four years later due to its slow transaction times and rising fees. In a blog post from Jan. 23 2018, Stripe stated that it may return to the sector once crypto payments are \u201cviable,\u201d pointing to the development of the Lightning Network and \u201chigh-potential\u201d projects emerging on the Ethereum blockchain. <\/p>\n<p>Earlier this year in June, Collison hinted that the firm was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2021-06-15\/stripe-president-we-re-enthusiastic-bitcoin-fans-video?sref=3REHEaVI\">looking<\/a> at crypto again as he told Bloomberg TV that: <\/p>\n<blockquote><p>&#8220;If you think of the kind of world that crypto people and we are trying to bring about, I think it&#8217;s a very related set of goals.&#8221;<\/p><\/blockquote>\n<p>&#8220;We are stuck down at this level where only a fifth of interactions are cross border, crypto is one very exciting direction for trying to solve that,&#8221; he added.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Meet the crypto payment gateway startup that strives to become the Stripe of Africa<\/em><\/strong><\/p>\n<p>The digital payments company was founded in 2011 and has a current valuation at around $100 billion. In March 2021, Stripe raised $600 million in a funding round at a valuation of $95 billion, more than doubling its previous valuation of $35 billion from 2019. According to data from Built With, there are currently 784,256 active websites using Stripe\u2019s payments platform.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stripe-builds-new-crypto-team-for-payments-three-years-after-dropping-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Stripe builds new crypto team for payments three years after dropping Bitcoin &#8221; U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction&#8230;<\/p>\n","protected":false},"author":1,"featured_media":352007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvNTBhM2M5ZGEtYjIzNy00ZmFlLThhYjktMTQxYmUxMDE0YzYyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76276,76556,77423,74889,76574,74927,78157,117],"class_list":["post-352006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-payments","tag-fintech","tag-mastercard","tag-payments","tag-paypal","tag-square","tag-stripe","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/352006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=352006"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/352006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/352007"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=352006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=352006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=352006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}