Payment processor Stripe has just announced it will reintroduce crypto payments in the form of stablecoins, according to the company's co-founder and CEO John Collison.
The new service is scheduled to launch in the summer of this year.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
Collison has stated cryptocurrencies are now a viable option as a means of payment.
This comes after Stripe discontinued its Bitcoin payments option in 2018. According to Collison, stablecoins have since emerged as a stable and efficient alternative.
Stripe's new payment service will be compatible with USD Coin, which is available on the Solana, Ethereum and Polygon blockchains.