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Stripe Stablecoin Payments Go Global In 101 Countries

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Stripe stablecoin payments are now live across 101 countries, giving businesses a new way to move money globally without traditional banking headaches. The payments giant is tackling crypto’s worst problems head-on—high costs, slow transfers and security worries—while making stablecoin adoption easier than ever. This comes after Stripe, the payments service provider acquired Bridge for $1.1 billion; the stablecoin payments platform, which some companies such as SpaceX used. Also Read: Powell: Tariffs Will Generate Higher Inflation and Rising Unemployment How Stripe’s Stablecoin Move Solves Crypto’s Biggest Pain Points Source: Stripe.com Cutting Costs and Wait Times Businesses have long complained about crypto transaction fees that sometimes exceed the actual payment amounts. Stripe’s system slashes these costs dramatically while speeding up international transfers that normally take 3-5 business days down to minutes. Their stablecoin accounts currently support US...

Stellar unveils open-source global payment service

Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service . In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering digital aid’.” The tweet promises that the tool allows anyone to pay with cryptocurrency global ly and that the solution is specialized in bulk disbursement. 1/ Today, we’re excited to share the open-source release of the Stellar Disbursement Platform. From paying gig workers anywhere in the world to delivering digital aid, anyone can power global payments using digital assets with this publicly available, bulk disbursements tool. — Stellar (@StellarOrg) August 16, 2023 Stellar explains that SDP aims to enable faster, cheaper, and more transparent digital payment . The move follows its testing in December to provide aid disbursement in Ukraine. Now the tool has been released as open-source software and reportedly ...