Stripe’s Acquisition of Bridge Validates Stablecoin Use for Cross-Border Payments, Says Bernstein

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Stripe’s Acquisition of Bridge Validates Stablecoin Use for Cross-Border Payments, Says Bernstein In a significant development within the fintech and cryptocurrency sectors, Stripe, the leading online payment processing company, has acquired the stablecoin platform Bridge.

In its report, Bernstein emphasized that Stripe’s acquisition of Bridge signifies a strong endorsement of stablecoins as a viable medium for cross-border payments.

The deal reflects a broader trend of increasing adoption of stablecoins by non-crypto firms seeking to enhance their payment infrastructures and reduce transaction costs.

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Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Stripe

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:29:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 759 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23202138

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Official Website: bitcoinworld.co.in

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