#stripe

#stripe

Last October, the payments giant Stripe announced a blockbuster $1.1 billion acquisition of Bridge, a little-known startup focused on the dollar-backed cryptocurrencies known as stablecoins. Long a feature of the insular world of blockchain diehards, the technology had yet to break into Silicon Valley. But Stripe's acquisition, alongside the thawing regulatory environment under the Trump administration, has catapulted stablecoins into the mainstream.

Fold, a Bitcoin-first financial services company, announced today that it is tapping Stripe and Visa to power its forthcoming Fold Bitcoin Credit Card™, a product designed to make Bitcoin accumulation as simple as swiping a card. The partnership pairs Stripe's infrastructure with Visa's global payments network, combining scale, reliability, and security with a rewards system denominated entirely in Bitcoin.

He's going to be, frankly, very, very impactful on all our payments efforts," Boiron said.

"When we started, wallets were powerful but inaccessible for all but the most technical... That friction fundamentally constrained what could be built in crypto."

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