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stripesA payments unicorn including cryptocurrencies valued at $95 billion, backed by Fidelity Investments and other investors, We spend a year exploring the possibility of public offering.
Stripe: Crypto Payments Unicorn by Fidelity and Other Investors Will Take a Year to Consider Public Offering
internet payment processor stripeshas become Silicon Valley’s most valuable startup, I decided It takes a year to decide whether to make a public offering.
To do so, Stripe hired Goldman Sachs and JPMorgan Chase As an advisor to understand the time and dynamics and, most importantly, whether to debut on the public market.
Apparently, it’s Stripe executives who intend it take a company public Or allow employees to sell their shares in private deals.
With this in mind, Stripe may not go public with an IPO. Its purpose is not to raise funds. The company proceeds with a direct listing.
If so, payment unicorns, including cryptocurrencies, will place their existing shares on public stock exchanges without setting a price, as determined directly by the market itself.
Fidelity Unicorns and Their Crypto History
Stripe Fidelity Investments, Ireland’s Treasury, insurance companies Allianz and AXA.
And indeed, in 2021, The company has raised $600 million in funding In a funding round, coming in $95 billion valuation.
However, Stripe was founded in 2009 by Irish entrepreneurs John and Patric Collison and from the beginning was intended to provide payment processing solutions to many of the largest domestic companies.
Not only that, Stripe has A Unique History of Cryptocurrencies Beginning in 2014In fact, after evaluation, Stripe announced that it would accept Bitcoin (BTC) in 2015. This will allow the user to send and receive her BTC as if it were fiat currency.
In 2018, these Bitcoin payment services were discontinued. One of his reasons is that Stripe’s own founder changed his mind about BTC and called it an asset rather than a medium of exchange.
Then, in the 2021 cryptocurrency bull market, Stripe re-entered the industry, Support fiat payments for cryptocurrencies and NFTsEssentially, businesses can use Stripe to accept payments in fiat as well as cryptocurrencies through a new app programming interface.
Stripe and Crypto Payments on Twitter
recently, rumor will reveal it Twitter could be ready to launch Coins in partnership with Stripe itself.
However, in reality, Twitter’s new coin is May not be crypto assets, but it is nothing more than a voucher that can be sent to the creator as a gift. Creators can redeem fiat currency through Stripe.
nothing official yetStill, last July 2022, Stripe has officially announced that it is launching several tests on Twitter to introduce cryptocurrency payments.
The problem is, Twitter already uses Stripe Connect to pay content creators, so the test was simply to add cryptocurrencies as a means of payment.So nothing prevents Coin functionality and future integration with cryptocurrencies.
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