Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

Stripe: The Stablecoin (R)Evolution - John Egan

Episode Summary

We were joined by John Egan, Head of Crypto at Stripe, to discuss how stablecoins could disrupt traditional payment rails through lower costs, near-instantaneous settlement and an overall better UX.

Episode Notes

Stripe has established itself as a leading payment solution for both enterprises as well as startups and individual sellers. By abstracting away all the complexities of traditional payment rails through simple plug-and-play APIs, Stripe created a facile route for cross-border payments, simplifying e-commerce. Similarly, Stripe’s recent integration of stablecoins could further bolster the adoption of decentralised payment solutions, be them USD or other currency proxies. This allows businesses to reach more markets, at a lower cost, with near-instantaneous settlement.

Topics covered in this episode:

• John’s background
• Stripe’s mission
• How Stripe solves the complexity of internet payments
• Integrating crypto for payments
• Supported blockchains
• Stripe’s Web3 services
• Upsides of accepting stablecoin payments
• Non-USD stablecoins
• Merchant UX
• Expanding crypto support outside the U.S.
• On- and off-ramping
• Acquiring Bridge and Privy
• The best of both worlds: CeFi & DeFi

Episode links:

• John Egan on X
• Stripe on X

Sponsors:

• Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
• Chorus One: one of the largest node operators worldwide, trusted by 175,000+ accounts across more than 60 networks, Chorus One combines institutional-grade security with the highest yields at - chorus.one

This episode is hosted by Friederike Ernst.