Stripe, the leading online payment platform, has announced that it is developing a suite of APIs for crypto businesses. The APIs will enable crypto companies to integrate Stripe’s payment infrastructure and access its global network of customers and partners.
Stripe’s APIs will support various use cases for crypto businesses, such as:
Accepting payments in cryptocurrencies and stablecoins. Converting crypto to fiat and vice versa. Managing crypto wallets and balances. Issuing and redeeming crypto tokens. Creating and verifying crypto proofs. Complying with regulatory requirements and best practices.
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Stripe’s APIs will leverage its existing technology stack and expertise in payment processing, fraud prevention, compliance, reporting, and customer support. Stripe’s APIs will also be compatible with its existing products and features, such as:
Stripe Connect, which enables platforms and marketplaces to accept payments from and pay out to third parties.
Stripe Billing, which simplifies recurring and subscription-based billing.
Stripe Radar, which detects and prevents fraud using machine learning.
Stripe Atlas, which helps entrepreneurs start and scale their online businesses.
Stripe Capital, which provides financing to growing businesses.
Stripe’s APIs will be available in beta later this year and will be open to crypto businesses of all sizes and types, from exchanges and wallets to protocols and platforms. Stripe’s APIs will initially support Bitcoin, Ethereum, and USDC, with plans to add more cryptocurrencies and stablecoins in the future.
Tim Draper donated $150,000 to fund Bitcoin developers
In a generous gesture of support for the Bitcoin community, billionaire venture capitalist Tim Draper has donated $150,000 to the Bitcoin Development Fund, a non-profit organization that provides grants to Bitcoin developers.
The donation was announced by the Bitcoin Development Fund on Twitter, thanking Draper for his contribution and stating that it will help fund “the future of Bitcoin development”.
Draper is a well-known figure in the crypto space, having invested in several successful projects such as Coinbase, Ledger, and Tezos. He is also a vocal advocate of Bitcoin, predicting that it will reach $250,000 by 2022.
Draper’s donation is part of a larger trend of increased funding for Bitcoin development, as more individuals and organizations recognize the importance of supporting the core protocol and its ecosystem. According to Bitcoin Optech, a newsletter that tracks Bitcoin development, there are currently over 50 developers who receive regular funding from various sources, such as companies, foundations, and sponsors.
The Bitcoin Development Fund is one of the entities that facilitate this funding, by collecting donations from the public and distributing them to developers who work on improving Bitcoin’s security, scalability, privacy, and usability. The fund was launched in 2019 by BitMEX, a leading crypto exchange, and has since received support from other prominent donors such as Square Crypto, Kraken, and Gemini.
The fund’s website states that its mission is to “ensure the long-term success of Bitcoin by funding open-source projects that contribute to its advancement”. The fund also aims to increase transparency and accountability in Bitcoin development, by publishing regular reports on its activities and finances.
The fund currently supports six developers: Calvin Kim, Dhruv Mehta, Fanquake, Gleb Naumenko, Jeremy Rubin, and Michael Ford. These developers work on various aspects of Bitcoin, such as improving its performance, testing its code, enhancing its network protocol, and researching new technologies.
The fund welcomes donations from anyone who wants to support Bitcoin development and accepts contributions in both fiat and crypto. The fund also encourages potential donors to contact them if they have specific preferences or suggestions regarding the projects or developers they want to fund.
By donating to the Bitcoin Development Fund, Draper has shown his commitment to the growth and innovation of Bitcoin. His generous gesture will undoubtedly inspire more people to follow his example and contribute to the development of the world’s leading cryptocurrency.
Stripe’s APIs for crypto businesses are part of its vision to increase the GDP of the internet by enabling more online commerce. Stripe believes that crypto is a powerful catalyst for innovation and inclusion, and that by providing easy-to-use APIs for crypto businesses, it can help accelerate the adoption and growth of the crypto ecosystem.