Stripe and Bridge

Something that has flown under the radar with the wild swings of the crypto market is that Stripe which has been pro crypto for a while now just acquisitioned a company called Bridge.

Bridge works through validating the use of stable coins on public blockchains. This is powerful as stablecoins have become the cheapest way to move funds from one country to another while holding on to the value. Transactions are often times pennies compare to the amount of legal and other banking fees that go with moving funds over seas.

Stripes acquisition of Bridge now opens it up for one of the most powerful ways to transfer funds as Stripe is used world wide. I would even come to guess that at some point payments can be taken or transferred into these stable coins. This would help remove massive fees that come in from credit cards.

Did you know that on every credit card transaction they charge the company $0.30 per transaction plus another roughly 2.9% on top of that! By using stablecoins the company can avoid these charges which are often passed on to businesses. It might not seem like a lot but say a company takes in 100 orders a day that's $30 at least in fees every day that they could then pocket not to mention the other 2.9% on top of that. This can save companies hundreds of dollars every day!