- Stripe has introduced two powerful updates, Stablecoin financial accounts and a payment foundation model.
- There is not one but two powerful updates that will help reshape the economic landscape around the CEO of the US-Stripe.
BandA global payment solution for web3 revealed various features during its annual user event on May 7 in San Francisco. The main updates are the introduction of Stablecoin financial accounts and a new payments foundation model.
Stablecoin's financial accounts allow companies of around 101 countries to hold sales in stablescoins supported by a dollar. The sending of stablescoins on a global scale and the reception of funds via the crypto or traditional rails are also its two main characteristics.
Another update, the payment foundation model is an AI system that can detect fraud and help improve authorization rates. The system would be formed on tens of billions of transactions before its deployment.
Reference with Crypto
The co-founder and CEO of Stripe, Patrick Collison, said that there was not one but two powerful updates that will help reshape the economic landscape around us. In addition, we are there to advance these technologies so that Stripe companies can benefit from them.
Companies like Paypal, Visa and Robinhood have been working so far on re -engagement with Crypto, and now Stripe has recently joined them. This occurs in the middle of the institutional impulse and the growing regulations mixing around robust frames.
Stripe shows strong growth. Last year, the company accumulated approximately $ 1.4 billion in overall payment volume, up approximately 38% compared to 2023. The figure is equivalent to around 1.3% of world GDP.
In 2018, the business made an effort by quoting high costs and reducing transaction speeds. The company has since supported the sector and also introduced a remuneration option with Crypto in collaboration with Paxos last year.
In addition, he concluded an agreement to have the bridge for around 1.1 billion dollars. The new Stablecoin stories of Stripe will support USDC and USDB at the start. The firm has also published new multi-monnaies accounts allowing companies to hold, convert and pay in USD, EUR and GBP without undergoing exchange costs.
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