Stripe To Offer Bank Accounts, with Support from Goldman Sachs and Citi
Stripe, which offers payment processing software and application programming interfaces for e-commerce websites and mobile applications, is offering a new financial service to vendors.
According to an exclusive news report on Wall Street Journal, Stripe intends to offer bank accounts and debit cards to its customers.
Nevertheless, such financial offerings will be restricted to vendors and merchants at this point in time.
The latest step also includes a partnership with banking giants Goldman Sachs and Citi, which is a portion of wider plan to start offering online business services and state-of-the-art technologies.
Five years back, Stripe led crypto adoption by incorporating Bitcoin (BTC) functionality, but suspended it after three years. In 2019, Stripe hogged the limelight for attaining a market value of $35 billion, following a financing round.