TL;DR
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Stripe (the #2 online payments company) is enabling crypto payments once again, this time it’s focusing on stablecoin payments across SOL, ETH and MATIC.
Full Story
We covered this news on Friday but started running some numbers in our head over the weekend and we’ve officially added this to our “Web2 x Web3 snowball” thesis.
(First we’ll run through the thesis, then discuss the numbers).
Just to recap, for those in the back — when checking the crypto market for health, we look for:
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An increase in total market value
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Positive outside investment inflows from venture capital
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Big name partnerships being inked between Web2 & Web3 companies
One and two have been comfortably achieved, and now, three is starting to prove itself out!
First it was Adidas partnering with Stepn’ to release digital/physical collectibles and gear (consumer focused), then it was TikTok launching a blockchain powered cloud infrastructure and AI service (business focused).
…now we have the largest Web2 x Web3 partnership announcement of the year, which will span both the consumer and business sectors:
Stripe is enabling crypto payments once again, this time it’s focusing on stablecoin payments across Solana, Ethereum and Polygon.
And if you’re not familiar with Stripe — that’s ok…
You probably still use their services.
Stripe is the second largest online payment provider in the world, with a tidy 37.65% marketshare.
That means 37.65% of global e-commerce (projected to be a $6.3T industry by year’s end) will now be able to take place on-chain, offering faster settlement times and lower fees than their legacy financial counterparts.
Nature (Web3) is healing 🥲
