Stripe is making a significant push into cryptocurrency and artificial intelligence, announcing at its annual user event new Stablecoin Financial Accounts. This feature allows businesses in 101 countries to hold dollar-backed stablecoins, receive funds via both crypto and traditional channels, and make global stablecoin transactions. Additionally, Stripe introduced a new AI model designed to detect fraud more effectively and improve transaction authorization rates, built from tens of billions of past transactions. The company processed $1.4 trillion in payments in 2024, reflecting a 38% growth, as it revives its earlier crypto endeavors after moving away from the space in 2018 due to challenges like high costs and slow speeds. Recent developments include a $1.1 billion acquisition of the stablecoin payments platform Bridge, enhancing its capabilities in the sector. Stripe's ongoing evolution aligns with a broader trend among corporations like PayPal and Visa, reinvigorating their involvement in cryptocurrency as market and regulatory conditions improve.

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