Stripe now supports over 130 currencies

Payment Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term Stripe has expanded its services and now supports over 130 different currencies.

The startup, started by brothers Patrick and John Collison, recently valued at an impressive $1.75 billion, expanded its list of supported currencies from 4 to 130. Now stripe merchants located in the US, UK, and Europe can accept Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in nearly any available currency around the word and have it automatically exchanged to the currency of their choice.

“This is something that is phenomenally important to businesses, because when you’re selling to an increasingly global audience you want to be able to make transactions as frictionless as possible for anyone, anywhere,” Stripe co-founder and president John Collison, told the press recently.

Stripe supports online brands such as SquareSpace, Hipmunk, Rackspace and Reddit. Stripe was also recently rumored to have partnered with social micro-blogging site Twitter for its currently unannounced Ecommerce offering.

“We work with banking partners in different regions for the back end services, but the real crux of it from a product point of view is making it simple and intuitive enough that we felt comfortable launching it,” added Collison.

Stripe, while being valued at $1.75 billion received an investment in the amount of $80 million from investors the Founders Fund, Sequoia Capital, General Catalyst Partners, and Khosla Ventures.

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