Payment startup 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 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.
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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.