Stripe’s Pay with Crypto feature is at the forefront of stablecoin payments, utilizing Paxos’ new infrastructure. This platform enables seamless conversions between USD and popular stablecoins like PYUSD, USDC, and USDP, simplifying transactions for both merchants and consumers.
John Egan, Stripe’s Head of Crypto, expressed excitement about the partnership, highlighting its potential to streamline global payments. “By working with Paxos, we’re making it easier and more affordable for businesses to accept payments from customers worldwide,” Egan stated.
Paxos’ innovative platform offers a comprehensive solution for stablecoin payments, encompassing onboarding, pay-ins, conversions, and pay-outs. This efficiency empowers businesses to expand their reach and reduce costs by adopting a faster and more economical alternative to traditional payment methods.
Ronak Daya, Paxos’ Head of Product, emphasized the future of payments in stablecoins, stating, “As enterprises recognize the benefits of instant, secure, and low-cost global settlement, adoption and utility will continue to grow.” Paxos’ new offering provides businesses with the infrastructure to seamlessly integrate stablecoins into their payment processes.
PYUSD and USDP are supported on Solana and Ethereum, while USDC is available on Ethereum, Solana, Polygon, and other networks.