Stripe made a crypto currency? (Founders, pay attention)
AI Summary
This video discusses Stripe’s recent announcements, including the introduction of their stablecoin, USDB, a new programming language for customizing business logic directly within Stripe, and the concept of “managed payments” which simplifies tax compliance and dispute resolution by acting as a merchant of record. Key highlights include:
- Stripe’s Stablecoin: USDB is backed by US dollars and focuses on easing multi-currency management.
- Custom Logic with Stripe Scripts: A new programming language based on TypeScript that allows developers to implement custom payment logic.
- Managed Payments: This approach offers a streamlined way for companies to handle payments, tax compliance, and disputes without the usual hassles, as Stripe becomes the merchant of record for transactions.
- European Payment Support: Integration with popular European payment methods like CLA, making it easier for European customers to transact.
The video is essential viewing for anyone involved in billing or payment processing, especially startups looking to optimize their payment systems and compliance processes.