Three years after halting bitcoin payments, citing enhanced volatility and lack of efficiency, the financial services, and software giant Stripe could soon resume its support for cryptocurrencies.
During a CNBC-moderated panel at the Fintech Abu Dhabi festival on Tuesday, John Collison – the CEO of Stripe – spoke about the possibilities of his company reenabling digital asset services.
Although he failed to provide a conclusive response, Collison said the firm has not ruled out such a possibility. More precisely, he said Stripe doesn’t allow crypto payments yet, but “I think it’s not implausible that we would.”
Stripe, a dual-headquartered financial services company based in San Francisco, the US, and Dublin, Ireland, stopped supporting bitcoin payments in 2018. Back then, the firm cited BTC’s infamous volatility and a lack of efficiency as its reasoning.
Now, though, Collison outlined the growing demand for the asset class, saying, “crypto obviously means a lot of dif
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