Global payments giant Stripe has partnered with Crypto.com. 🔥
This may seem like normal news to many, but those who dabble in FinTech and Web3 know this move is a major shift in the payments ecosystem!
Simply put, merchants using Stripe will now be able to easily accept #cryptocurrency as payment. Mainstream adoption is likely to start here. No matter how much we talk about #crypto payments for so long, there is no end to the disruption in real world payments. But when a giant like Stripe (whose infrastructure is used by millions of businesses around the world) natively supports crypto, it is no longer a "niche" market.
Simply put, the gap between traditional finance (TradFi) and decentralized finance (DeFi) is further reduced through this partnership. Buying coffee or paying subscription fees with crypto, this dream is now closer to reality.
It was almost certain that the future payment system would be multicurrency (fiat crypto). Stripe just fastforwarded that process. Now it remains to be seen how the regulatory bodies and common users respond to it!