Stripe Is Hiring a Crypto Team 3 Years After Ending Bitcoin Support

By CreatorStack · 11 days ago

Payments company Stripe has begun assembling a crypto engineering team to chart its future in digital assets.

The team – described in LinkedIn posts and job listings – will be run by Guillaume Poncin, Stripe’s former head of engineering for banking and financial products. He is looking to hire at least four staffers to help plot Stripe’s crypto strategy.

Those engineers “will design and build the core components that we need to support crypto use cases,” the job posts said. “Crypto is a brand new team at Stripe.”

Stripe’s relatively modest hiring push (it has 4,000 employees) comes amid a surge in crypto payments integrations across online retailers and even social media platforms. Strike, the crypto startup behind Twitter’s new bitcoin tipping feature, is preparing to release its payments API in an aggressive bid for mass crypto adoption.

The team may be new but Stripe’s interest in crypto stretches back years. A payments giant whose API supports millions of digital storefronts, it made headlines in 2014 when it supported bitcoin – an industry first. Stripe abandoned that service four years later.

It was slightly less cautious in early 2018. Ending Stripe’s bitcoin era with a pledge to maybe integrate Stellar, which it seed-funded years earlier, the company’s announcement boosted Stellar’s native currency, XLM, 20% in a day.