Even though crypto has been in decline over the last few months, and investors are worried about a “Crypto Winter”, tech giants such as Stripe and eBay are embracing crypto.
Stripe formally launched its crypto services yesterday, giving businesses the ability to accept cryptocurrency through Stripe. Among the services offered by the company are payouts for Web3 companies as well as know-your-customer (KYC) checks and fraud prevention services. The payment company announced that it has agreements with FTX, FTX U.S., Nifty Gateway, Just Mining, and Blockchain.com in order to enable Web3 services. Moreover, it also launched its own line of NFTs called CubeThingies.
With the latest announcement, Stripe is getting back into the crypto game after ceasing to accept payments in Bitcoin in 2018. The company expressed a new interest in crypto last year when it hired a team to develop Web3 payment services.
eCommerce platform eBay is also showing some interest in crypto. The online marketplace showed a “digital wallet” slide early in yesterday’s Investor Day presentation, adding to speculation about the company’s plans regarding cryptos.
The rumor that eBay might accept cryptocurrency payments first emerged earlier this week when CEO Jamie Iannone stated in an interview that the company would be “going deeper on all these things, payments, advertising, our focus categories.” However, during its presentation, eBay did not make any specific announcements regarding cryptocurrency, aside from saying that it would have a digital wallet available sometime in the second quarter.