On Wednesday, Stripe, a global payments giant, kept its promise to bring back crypto support after a six-year hiatus. The San Francisco-based company now allows businesses in over 150 countries to accept USD Coin (USDC) from customers. Jeff Weinstein, Stripe’s product lead, confirmed the news on Twitter, stating that crypto payments are officially back. Initially, US businesses can use USDC on Ethereum, Solana, and Polygon networks, with plans to expand to more countries soon. Similar to PayPal, Stripe aims to simplify crypto transactions by converting stablecoin payments to fiat currency automatically. Businesses can integrate stablecoin payments through various Stripe services, with transaction limits set at $10,000 per transaction and $100,000 per month, along with a 1.5% transaction fee. This move follows Stripe's decision to end Bitcoin support in 2018 due to concerns over market volatility and high fees, marking a significant shift in its crypto strategy. Stripe has also partnered with Avalanche to provide access to niche crypto products and NFT platforms on the network. Read more AI-generated news on: https://app.chaingpt.org/news