Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»HACKING NEWS»Stripe partners with Paxos to launch stablecoin payment platform
HACKING NEWS

Stripe partners with Paxos to launch stablecoin payment platform

By Crypto FlexsOctober 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Stripe partners with Paxos to launch stablecoin payment platform
Share
Facebook Twitter LinkedIn Pinterest Email
  • Stripe partners with Paxos to launch stablecoin payments platform.
  • Paxos’ platform supports PYUSD, USDC, and USDP for instant conversion.
  • The goal of this plan is to reduce costs and expand the company’s global reach.

Stripe has taken an important step in enhancing global payment solutions by partnering with blockchain and tokenization infrastructure platform Paxos to integrate Paxos’ new stablecoin payments platform into its “Pay with Crypto” offering.

The goal of this collaboration is to simplify the process for businesses to accept stablecoin payments, providing a more efficient and cost-effective alternative to traditional payment methods.

Helping businesses easily transact with stablecoins

Paxos’ newly launched stablecoin payments platform offers a comprehensive solution stack for onboarding, payments, conversions, and payments.

Stripe leverages its platform to enable businesses to accept payments in stablecoins and instantly convert them to fiat and vice versa. This approach allows merchants to process transactions quickly, reduce payment processing costs, and expand their international reach by leveraging a broader customer base.

The platform supports conversion between USD and a variety of stablecoins, including PYUSD from PayPal, USDC from Circle, and USDP from Paxos. PYUSD and USDP are compatible with both Solana and Ethereum networks, while USDC can be used on Ethereum, Solana, Polygon, and other chains. This broad blockchain support gives businesses and customers the flexibility to choose the network that best suits their transactions.

“We’re always looking for easier and cheaper ways for businesses to receive payments from customers around the world,” said John Egan, head of cryptocurrency at Stripe. We are excited to work with Paxos to offer stablecoin payments to our users through our Pay with Crypto product.”

Ronak Daya, Head of Product at Paxos, expressed optimism about the future of stablecoin payments, describing it as a revolutionary development in global money movement. “Adoption and utility will continue to grow as businesses recognize how stablecoins can provide instant, secure and affordable payments globally. All meaningful improvements have been made over existing payment rails,” Daya explained.

The partnership between Stripe and Paxos marks an important milestone in the advancement of digital payments as businesses increasingly seek innovative ways to process global transactions and reduce reliance on traditional payment methods.


Share this article

Category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 90m NOBITEX HACK: Fault by layer

July 1, 2025

Safe smart account audit summary

June 27, 2025

Encryption Inheritance Update: June 2025

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

$ 90m NOBITEX HACK: Fault by layer

July 1, 2025

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$ 90m NOBITEX HACK: Fault by layer

July 1, 2025

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025
Most Popular

PancakeSwap’s CAKE token soars by more than 50%.

December 27, 2023

Osmosis Price Prediction: OSMO Soars 26%, But Consider This New Crypto Casino With 100X Potential

December 13, 2023

Marathon Digital Reports 229% Increase in Sales in 2023

February 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.