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Stripe Starts Testing Bitcoin Payments

wochit business
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March 27, 2014 AT 9:43 AM
In another validation of the Bitcoin space, YC’s biggest payments company Stripe said it has started to test Bitcoin and ACH payments with a select number of users. It says it’s doing instant exchanges as well, so merchants don’t need to handle Bitcoin directly or deal with the crypto-currency’s volatility risks. spokesperson Kelly Sims said, “We’re still testing the technology." Tarsnap creator Colin Percival said, “Stripe’s support is crucial here due to the nature of Bitcoin. It doesn’t have all the qualities normally expected of money."