Stripe has partnered with Paxos to create a platform enabling businesses to accept stablecoin payments, facilitating faster and cheaper transactions.
New Business Opportunities
Through the platform launched with Paxos, companies can integrate stablecoins into their payment systems, enabling faster and cheaper transactions. This collaboration extends Stripe's 'Pay with Crypto' product based on Paxos' blockchain infrastructure. Merchants can instantly convert USD into stablecoins like PYUSD, USDP, and USDC or keep them in stablecoins.
Leveraging Blockchain Technology
Paxos infrastructure enables smooth blockchain transactions, enhancing security and speed of operations. Support for stablecoins like PYUSD and USDP on Ethereum and Solana is available through the API, as well as USDC on Ethereum, Solana, and Polygon. This allows for fast and secure transactions in the growing digital payments market.
Innovation in Payments
Stablecoins bring new value to businesses by enabling rapid global money movement as digital payments grow. They facilitate instant international transactions, eliminating currency conversion fees and simplifying the process. The partnership with Paxos strengthens stablecoins' position as a tool for the next wave of payment innovation.
The creation of the new stablecoin payments platform is a significant step for global payment infrastructure, affirming the potential of stablecoins in today's world.
