Stripe launches new stablcoins accounts and payment model with AI

By Hannah Pérez

One of the largest international payment companies presented its new advances in payments with integrations of Stablecoins and IA.

***

• Stripe presents its new advances in AI and Stablecoins to reinvent global payments.
• Now it allows customers in more than 100 countries to send, receive and manage dollar stable.
• It is taking advantage of AI to detect and combat payment fraud with cards.
• The stablecoins and the AI ​​are two “tail winds” that are “remodeling the economic landscape.”

---

Stripethe Irish-American Multinational Financial Services, has introduced a new money management product based on Stablecoins As it integrates artificial intelligence technology (AI) to payments.

In a statement on Wednesday, the company announced the launch of new products, including a call ‘Stablecoin financial account’, which allows companies in more than 100 countries to keep balances in Stablecoins backed by dollars, receive both cryptocurrencies and currency fiatand send Stablecoins worldwide.

“These accounts will allow entrepreneurs in countries with volatile currencies to protect themselves against inflation and more easily access the global economy“, The company wrote in the presentation.

The effort, which is part of the strategy of Stripe To reinvent global payments, there is months after the company ends his acquisition of the Stablecoins platform, Bridgeas part of an agreement valued at USD $ 1.1 billion.

The firm based in Ireland and USA. He said that his new product will begin supporting the two Stablecoins called in dollars, USDC Circle and USDB of Bridgewith plans to add other tokens over time.

The CEO of StripePatrick Collison, had confirmed last month the development of the new product of Stablecoins.

Stripe reinvents payments with AI and Stablecoins

Together with the new product of Stablecoins, Stripe He also presented a new AI foundation model for payments, which the firm assures help to prevent fraud fighting card test attacks.

The payment foundation model has been trained from tens of billions of transactions, said Emily Glassberg Sands, head of information from information from Stripemanaging to capture “hundreds of subtle signals on each payment“That other models are lost.

The previous models of Stripe “gradually reduced card test attacks 80% in two years“The firm wrote now. With the use of AI, the company ensures that its detection rate of such attacks on large companies increased “in 64% practically from night to morningto”

Card test attacks are a type of fraudulent activity in which someone tries to determine if the information on the stolen card is valid so that they can use it to make purchases, as explained Tech crunch.

Stripe He indicated that it is projected that the AI ​​model will generally improve fraudulent transactions and increase authorization rates, among other things. He said his new products are specifically “Designed To help companies take advantage of AI and stable currencies to accelerate their growth“

Appetite for the stablecoins and rise of the AI

The efforts of Stripe To evolve payments with new technologies, they reflect the growing interest of financial institutions by Stablecoinsas well as the rapid boom of artificial intelligence in various fields; including economic.

Traditional banks and financial institutions have been working to integrate Stablecoins with the aim of optimizing inherited payment systems. The Stablecoins or stable coins, a type of Token Digital frequently designed to maintain fiduciary parity, can offer lower transaction costs, greater traceability and other advantages over the existing infrastructure.

During the annual event Sessionsthe CEO of Stripe described the Stablecoins together with AI like “Not one, but two winds of force tail, […]which are drastically remodeling the economic panorama that surrounds us“

“We are building programmable financial services so that money is so easy to manipulate and manage with code as are the data“, Added Will Gaybrick, Product President and Business of Stripe.

---

Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI, under free use license

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.