Cryptocurrencies
Stripe Expands Bitcoin Conversions in Latest Crypto Push
- Customers will be able to convert payments into Bitcoin
- The payments company teamed up with startup OpenNode
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Payments company Stripe Inc. plans to give customers access to Bitcoin four years after suspending support for the cryptocurrency.
Stripe teamed up with crypto startup OpenNode to allow its customers to accept Bitcoin payments through a new app, the companies announced Tuesday. Using the app, Stripe customers will be able to convert incoming payments and any amount of their balance into Bitcoin. The service will be part of a public beta of a new apps marketplace from Stripe slated to launch in the next few weeks. OpenNode uses Lightning Network, which aims to make Bitcoin transactions faster and cheaper, to settle payments.