The co-founders of Stripe, brothers Patrick and John Collison, recently discussed the company’s decision to no longer support bitcoin payments, and expressed a willingness to reverse this decision in future.
Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty
Declining Use of BTC as Means of Payment
In a recent interview with Bloomberg, Stripe co-founders John and Patrick Collison shared their view of bitcoin and the cryptocurrency markets, and discussed Stripe’s decision to no longer facilitate BTC payments made earlier this year.
When asked whether the company’s decision to no longer conduct bitcoin payments through its platform would leave it “on the wrong side of history”, Patrick Collison responded, “We’re absolutely open to revisiting this.”
Patrick sought to emphasize that the reasons underpinning Stripe’s decision to move away from BTC are “a question for the bitcoin community, basically, and especially the architects of the software, whether they want to optimize bitcoin for being a payment method, or for being […] a form of digital gold, a store of value.”
“At the time we made our decision, it was trending towards being a digital store of value – I think that’s a valuable thing to have exist in the world, […] I genuinely wish them the very best with that […] It just works less well for our use case, and this wasn’t […] a decision where we wanted to be the arbiter, we were just looking at the data, and it was declining rapidly in use as a payment method, if it starts increasing [in use] again as a payment method, then sure, great, we’ll go back and we’ll add it,” Patrick said.
Stripe Founders Remain “Fascinated by Cryptocurrencies From a Technology Point of View”
John Collison echoed his
