The strip is preparing to test a new StableCoin payment product aimed at the United States, the United Kingdom and the European Union.
CEO of the company, Patrick Kolison, Confirmed On social media that the strip had been planning this offer for almost a decade and now opening it to pilot users.
This declaration comes after receiving regulatory approval to acquire the strip to acquire the bridge, a payment platform installed by former coinbase officers Zach Abrams and Scene U. The infrastructure of the bridge offers an option for traditional systems such as Swift for cross-border transactions.
Strip’s Stabecrim Pilot Project comes at a time when companies ranging from crypto firms to tradefi banks are piled up in the industry, trying to grab a piece of red-hot sector. In fact, the city stated that stabechoins could be a “chatter” moment for blockchain adoption, and the market, mainly reached the US dollar, with regulatory support to grow up to $ 3.7 trillion by 2030.
Stripe has a long history with crypto. It was the first major payment processor to support bitcoin payments in 2014, although it later dropped the convenience of BTC’s slow transaction speed and fee.
Read more: Stablecoins are a ‘WhatsApp moment’ for money transfer, A16Z says
