Stripe-Tease: Bitcoin back in the bosom of the payments giant?

Stripe getting back to glue with Bitcoin? – Online payments specialist Stripe has had its ups and downs in its relationship with Bitcoin (BTC). It had started well, however, with the integration of the king of cryptos into the means of payment offered to its users in 2015. But 3 years later, in 2018, Stripe had withdrawn Bitcoin from its payment methods. Again, 3 years later, things look like they are about to turn around once again.

Stripe: The Return of the Bitcoin King?

After more than 3 years of having given up Bitcoin, and an short stroll with Facebook’s Libra project (now Diem), the payments giant Stripe clearly seems to be back in the crypto-game.

It is in particular the media CoinDesk which noticed the publication of several Jobs of Stripe to build a new cryptocurrency team.

As can be seen below, at least 4 engineers specialized in cryptos are sought by the giant of online payments: 3 for positions in major American cities, and 1 remotely. A shock team that will be led by the French Guillaume Poncin, former head of banking and financial product engineering for Stripe.

Crypto Engineer Positions Sought By Stripe – Source: stripe.com

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Bitcoin and cryptos: essential means of payment?

Stripe obviously doesn’t want to to be left behind more from the leader in online payments, PayPal, who has integrated cryptos into its ecosystem from the end of 2020.

“The growth in the use of cryptocurrencies around the world is opening up exciting new opportunities for businesses and individuals to transact and create value. (…) Focusing on these emerging issues and needs, we aim to create faster, more reliable and better cryptocurrency experiences. “

Among the tasks given to the engineers of the future “Crypto team” of Stripe clearly appears the objective of designing and building the “Basic components to support cryptocurrency use cases”.

It’s a safe bet that with the Lightning Network, Bitcoin will once again be part of the crypto-payment solutions offered by Stripe, but altcoins may also be part of it. It will be remembered in particular that the giant had contributed in 2014 to the initial funding of the project Stellar (XLM) worn by Jed McCaleb.

The success of cryptocurrency payments, demonstrated by the Chivo wallet in El Salvador, pushes traditional players not to stay on the sidelines, while a new economic dynamic is launched. The fierce competition for the best crypto-asset payments service is on!

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