Stripe Brings Back Crypto Payments on Platform With Stablecoins

Stripe Inc. is bringing back crypto payments by allowing merchants using its platform to accept stablecoins for online transactions.

“There’s been a lot of technical improvements happening in crypto,” John Collison, co-founder and president said Thursday at the payments processing company’s annual conference in San Francisco. The option should be available this summer, he said.

Transaction speeds have increased in crypto, while fees have gone down as crypto finds “real utility,” according to Collison. He said that stablecoins, which are cryptocurrencies pegged to a fixed asset like the dollar, are becoming “more stable” and demonstrated a crypto payment on ...