Topic

Stripe

3 written stories · 7 tracked

Tech3 outletsover 12h

Sources: Stripe and PE firm Advent International have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+ (Milana Vinn/Reuters)

Stripe and Advent International have jointly submitted an offer to acquire PayPal at $60.50 per share, representing a roughly 28 percent premium to the stock’s Tuesday closing price. The bid values the payment-services company at more than $53 billion.

TechMeme·The Next Web·TechCrunch

Tech3 outletsover 24h

Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves (Kyle Baird/The Block)

Visa, Mastercard, Stripe, BlackRock, Coinbase and more than 140 other firms have launched a new global stablecoin called Open USD. The token is designed to share earnings generated from its reserve assets, and its creators say it is intended to compete directly with existing stablecoins such as Circle’s offering.

TechMeme·The Next Web·Engadget

Tech3 outlets

Kickstarter retracts stricter rules on mature content after creator backlash, and says it adopted the tougher rules because of its payment processor Stripe (Mariella Moon/Engadget)

Kickstarter has abandoned the stricter mature-content rules it introduced, removing the new policy after a wave of creator backlash. The platform said the tougher rules had been adopted in response to requirements from its payment processor, Stripe, and that the decision to roll them back follows the outcry from its community.

The Verge·Engadget·TechMeme