Stripe Is Hiring for Its Crypto Team

Brooks Butler

Oct. 12, 2021

The company announced the open positions on Twitter.

Photo: SFIO CRACHO

Key Takeaways

Stripe is currently advertising multiple open positions.
The company was an early mover in the crypto space.
Other fintech companies have made moves into the crypto space this year, as well.

Payments giant Stripe is hiring for its new crypto team. Its stated purpose is to “build the future of Web3 payments.”

Stripe Head of Engineering and Crypto Puts Out the Call

Stripe is looking to double down on crypto.

Guillaume Poncin, the firm’s head of engineering and crypto, tweeted today: “We’re starting a new crypto team at @Stripe. I’m hiring engineers and designers to build the future of Web3 payments.” The tweet included a link to four engineering job openings, with three based in various U.S. cities and one remote.

It would appear that the direction of Stripe’s crypto arm is uncertain, as one component of the Staff Engineer role is to “advise Stripe leadership on key technology and product roadmap considerations.” These are “senior member” roles with “experience developing in the cryptocurrency space” a considered plus.

Stripe was an early mover in the crypto space. In 2014 it announced that it would take steps to process Bitcoin payments, but in 2018 it ended its Bitcoin support as user demand declined. Stripe also was an early investor in Stellar (XLM).

Other major fintech companies have recently made crypto-related announcements as well. PayPal revealed in its Q2 earnings call a new consumer wallet it was developing, as well as possible forays into DeFi capabilities. That was only months after it announced crypto payment acceptance for goods and services at 29 million merchants. Furthermore, Square announced in August that its TBD project would undertake the task of building a decentralized exchange for Bitcoin.

Stripe is a private company that offers a suite of payment products. It has support for 135 currencies and payment methods, and 90% of U.S. adults have bought from businesses that use Stripe. Web3 is a more trustless, decentralized version of the Web built on blockchain technology.

(Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.)

Disclaimer