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## Stripe reintroduces support for crypto payments at Global Internet Economy conference

#### Stripe’s history with cryptocurrency and reintroduction of crypto payments
At the company’s Global Internet Economy conference on Thursday, Stripe announced its decision to reintroduce support for crypto payments. During the final keynote session, titled The Future of Payments, Stripe’s president, John Collison, highlighted the company’s previous involvement with cryptocurrency, mentioning their early experience with crypto dating back a long time. Collison referenced the company’s venture into Bitcoin (BTC) support in 2018, which was discontinued due to underutilization. With the reintroduction, Stripe is focusing on only accepting Circle’s USDC stablecoin and providing a much-improved user experience.

#### The evolution of crypto payments and Stripe’s strategic decision
Collison expressed excitement about the reintroduction, emphasizing the company’s eagerness to bring back crypto payments. The decision to reintegrate crypto payments stems from its increasing utility, as highlighted in Collison’s presentation. He pointed out the improvements in transaction speeds and decreasing costs that make crypto a more viable medium of exchange. This strategic move by Stripe reflects a deeper understanding of the evolving landscape of digital payments and the growing importance of cryptocurrency in global transactions.

#### AI legalese decoder for simplifying complex legal language
With the introduction of a feature like AI legalese decoder, Stripe can further enhance user experience by simplifying and decoding complex legal language related to crypto payments and regulations. By utilizing AI technology, Stripe can ensure that users have a clear understanding of the terms and conditions associated with using crypto payments. This tool can help users navigate the legal complexities of crypto transactions, making the process more transparent and accessible to a wider audience.

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