Crypto News

Stripe will offer bank accounts, with help from Goldman Sachs and Citi

But only for vendors, so retail users will have to wait.

Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors.

Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards. However, these financial products will be limited to vendors and merchants for now.

The new initiative will also involve collaboration with banking giants Goldman Sachs and Citi, which is part of a broader push from both to incorporate online business services and new technologies

In 2015, Stripe was an early payments platform to onboard Bitcoin (BTC) functionality, which it dropped three years later. 

Last year, Stripe made headlines for seeing a valuation of $35 billion following a funding round.

How useful was this post?

Click on a star to rate it!

As you found this post useful...

Follow us on social media!

Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of CoinChapter and CoinChapter does not assume any responsibility or liability for the same.

(This story has not been edited by CoinChapter staff and is auto-generated from a syndicated feed.)
0 Comments
Inline Feedbacks
View all comments
CoinChapter

Founded in 2015, Coinchapter.com has become one of the leading resources for the crypto asset community. Created by a small group of cryptocurrency enthusiasts, Coinchapter.com was built to provide new members of the crypto asset community with unbiased listings of cryptocurrency exchanges and retail options that would allow them to buy the crypto assets that they wanted, how they wanted and at the price they wanted.

Related Crypto News

Yearn Finance Breaks Off Merger With Cover
Decentralized Finance protocols Yearn Finance and Cover Protocol announced the end of their protocol merger. “We have decided to...
John McAfee Indicted On Fraud & Money Laundering Charges For ‘Pump And Dump’ Scheme
John McAfee and his executive adviser Jimmy Gale Watson Jr. have been charged with securities fraud. Federal prosecutors believe...
PAID Network ($PAID) Crashes 70% In Minutes As Network Allegedly Exploited
$PAID, the native token of PAID Network, crashed by more than 70% in less than an hour. This is...
BitGo Acquires Trust License From New York Regulators
Digital asset custody BitGo has received a New York Trust license from the New York State Department of Financial...
Polkamarkets Collaborating With Bridge Mutual For Decentralized Insurance Coverage
Polkamarkets and Bridge Mutual jointly announced a partnership that will allow Polkamarkets’ users to claim decentralized finance (DeFi) risk...
MicroStrategy Purchases Additional 205 Bitcoin Valued At $10 Million
MicroStrategy CEO Michael Saylor announced the company has bought an additional 205 Bitcoins valued at roughly $10 million. This...

Featured Crypto News

Yearn Finance Breaks Off Merger With Cover
Decentralized Finance protocols Yearn Finance and Cover Protocol announced the end of their protocol merger. “We have decided to...
John McAfee Indicted On Fraud & Money Laundering Charges For ‘Pump And Dump’ Scheme
John McAfee and his executive adviser Jimmy Gale Watson Jr. have been charged with securities fraud. Federal prosecutors believe...
PAID Network ($PAID) Crashes 70% In Minutes As Network Allegedly Exploited
$PAID, the native token of PAID Network, crashed by more than 70% in less than an hour. This is...
BitGo Acquires Trust License From New York Regulators
Digital asset custody BitGo has received a New York Trust license from the New York State Department of Financial...
Polkamarkets Collaborating With Bridge Mutual For Decentralized Insurance Coverage
Polkamarkets and Bridge Mutual jointly announced a partnership that will allow Polkamarkets’ users to claim decentralized finance (DeFi) risk...
MicroStrategy Purchases Additional 205 Bitcoin Valued At $10 Million
MicroStrategy CEO Michael Saylor announced the company has bought an additional 205 Bitcoins valued at roughly $10 million. This...