Payments giant Stripe has ushered in a new era of stablecoin 0 company has announced a new feature that now allows stablecoin payments for subscription-based services. Stripe, which launched stablecoin payment support a year ago, has helped many fast-growing global technology and artificial intelligence (AI) companies increase their international 1 to the company's data, 19 of the top 20 AI companies using Stripe are based in the US, but generate 60% of their revenue outside the country. However, the slow, costly, and error-prone nature of cross-border payments has led some companies to turn to alternative 2 News: Binance Launches Compensation Program for Users Who Suffered Losses During the Latest Major Crash For example, at companies like Shadeform, around 20% of payment volume has shifted to stablecoin 3 transactions are completed almost instantly and at twice the cost of traditional 4 the new feature, Stripe will allow businesses on its platform to: Offering its customers the opportunity to pay for subscriptions with stablecoins, Manage fiat and stablecoin-based payments through a single Stripe Dashboard, Provides full integration with Stripe Billing and Optimized Checkout Suite, It makes it possible to extend the advantages of stablecoins to the entire product 5 developed a custom smart contract for this system that addresses one of the fundamental limitations of blockchain 6 contract allows users to register their wallet as a payment method and authorize recurring payments without re-authorizing each 7 system supports over 400 cryptocurrency wallets.
“Stablecoin payments help us lower our cost of revenue from global customers, attract more tech-savvy users, and reach audiences that lack access to traditional payment methods,” said Alex Mashrabov, CEO of Higgsfield, one of the first companies to implement stablecoin subscription payments with Stripe. *This is not investment 8 Reading: US-based Payment Giant Stripe Takes New Step in Cryptocurrencies
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