Stripe Adds Samsung Pay to Crypto Onramp Amid Apple's Stablecoin Hiring Spree

Stripe has made another move to simplify cryptocurrency purchases by adding support for Samsung Pay in its Crypto Onramp. The update, released as part of stripe-react-native v0.75.0, allows React Native Android apps to use Samsung Pay as a payment option, joining cards, Apple Pay, Google Pay, and ACH.

Stripe's Crypto Onramp has become an essential tool for companies looking to onboard users with cryptocurrency purchases. The company competes on conversion, aiming to remove the friction in buying cryptocurrencies by providing a seamless checkout experience.

Meanwhile, Apple is hiring a Head of Financial Product Strategy for Apple Pay, which lists stablecoin knowledge as a preferred skill. Although Apple has not announced any stablecoin product, this move suggests that the company may be planning to enter the space.