The president of $20 billion Stripe explains how payments tech could 'change the trajectory of the internet economy'

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Stripe's John Collison explains the way in which its payments tech is helping grow the entire internet economy.

, who run those major cloud platforms, are turning to Stripe. Collison says that while the largest tech companies definitely have the expertise to build similar services for their own use, Stripe has a focus - and an international footprint — that just makes it easier and more efficient to use.Stripe's international footprint is a big piece of the puzzle, Collison says.

"The internet is expanding, and the markets [customers] want to address are expanding," says Collison."That's kind of what we do, with the payments infrastructure we have," he continued. At the same time, he says, the opportunity is such that the major limitation on Stripe's growth is its own ability to follow through on its plan and keep helping customers all over the world move money around. In that sense, he says, Stripe's focus is on continuing to add new features and tools that solve specific customer needs, and making sure that its technology is as friendly to developers as possible.

"The internet economy is very advertising focused," says Collison."And it doesn't have to be this way."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What if Business Insider used the latest payments tech to let readers pay for their content? That could change the trajectory of BI's revenue.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Julian Assange’s Trajectory From Internet Warrior to Embassy Exile to Jailed SuspectThe Australian-born computer hacker’s brainchild, WikiLeaks, vaulted to fame in 2010 by publishing bombshells extracted from the heart of the U.S. national-security fortress. That big break planted the seeds of his downfall. Julian knows a lot. How bout a plea to learn what he knows? The news on the radio is playing a clip of Maine Senator Susan Collins saying he should be brought to USA and She is the only Senator whose opinion I value with integrity. Plus I love her voice intonation like Katherine Hepburn. Wikileaks is Obama's transparent Gov't promise. So, Julian is indicted for releasing what Chelsea stole from US intel whilst Chelsea's sentence was commuted by Obama for the act of espionage?
Source: WSJ - 🏆 98. / 63 Read more »