|[February 11, 2014]
Stripe Launches in 130 New Currencies to Power Global Business
SAN FRANCISCO --(Business Wire)--
Furthering its mission to expand Internet commerce, Stripe today
announced the ability for users to accept more than 130 currencies.
Businesses running on Stripe can now instantly begin selling in nearly
any currency, from Euros to U.S. Dollars, Algerian Dinar to Chinese
Online businesses benefit from an increasingly global audience for goods
and services. As more of the world comes online, it's increasingly
critical that businesses can handle the currencies of Internet trade.
"Stripe's mission is to grow Internet commerce by providing everything
an online business needs to accept payments," said Patrick Collison,
co-founder and CEO of Stripe. "Built-in multicurrency support is another
example of how Stripe is helping businesses scale faster and more
Beginning today Stripe users in the United States and Europe can sell
their products in almost any world currency. Stripe will automatically
handle all necessary conversions and perform daily deposits in its
users' bank accounts.
In keeping with Stripe's ethos of simplicity and developer-friendliness,
multicurrency is a standard feature and requires no additional work to
integrate. Currency functionality that previously represented a quagmire
of paperwork and integration work can now be implemented in minutes.
Guardian News & Media publishes theguardian.com, the third largest
English-language newspaper website in the world (comScore (News - Alert), December
2013), as well as the Guardian and The Observer newspapers in the UK and
digital editions in the U.S. and Australia.
The Guardian has chosen to work with Stripe to power some of its
existing subscription services in the UK, while exploring the global
potential of the service to support audience revenue streams in other
Julia Porter, consumer revenues director, Guardian News (News - Alert) & Media, said,
"We are pleased to be working with Stripe to offer our readers more
responsive and dynamic ways of accessing some of our popular
subscription services in the UK."
As one of the world's leading sites for video sharing, Dailymotion
attracts over 112 million unique monthly visitors and 2.5 billion videos
views (source: ComScore, January 2013). Dailymotion provides
high-quality and HD video in a fast, easy-to-use online service with 35
localized versions in 18 different languages.
"At Dailymotion Cloud, our white label online video platform used by
thousands of companies globally, we need to make it easy for our
customers to purchase a subscription plan. Stripe allows us to be global
instantly, removing the hassle of managing payments ourselves. The
integration of Stripe to the Dailymotion Cloud website and back office
has been smooth and transparent for all of our customers," said Florent
Pajani, Dailymotion Cloud Director.
Traditional merchant banks pose considerable barriers to entry for new
companies - and substantial friction for existing ones. Stripe's API,
payment connectivity, and rapidly-growing global reach replace a
complicated matrix of bank accounts, gateways and subscriptions
managers. Stripe handles the heavy lifting of payments - from
credit-card storage to fraud detection - and lets companies get back to
Stripe processes billions of dollars a year for some of the most
successful companies and marketplaces on the Internet, making it easier
than ever to accept payments and manage an online business. Supporting
startups to Fortune 50 companies, Stripe powers the sharing economy, top
mobile applications, and global software services. Investors include
Sequoia Capital (News - Alert), Andreessen Horowitz, Khosla Ventures, as well as PayPal
co-founders Peter Thiel, Max Levchin and Elon Musk.
For more information about how Stripe is expanding commerce on the
Internet, visit http://www.stripe.com.
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