John Collison, President and co-founder of Stripe, attends the 2018 Viva Tech league successful Paris.
Christophe Morin | IP3 | Getty Images
Stripe isn't ruling retired accepting cryptocurrency arsenic a method of outgo successful the future, according to co-founder John Collison.
The online payments institution ended enactment for bitcoin payments successful 2018, citing the integer coin's notoriety for volatile terms swings and a deficiency of ratio successful making mundane transactions.
"Crypto evidently means a batch of antithetic things to a batch of antithetic people," Collison said astatine a CNBC-moderated sheet astatine the Fintech Abu Dhabi festival connected Tuesday.
Collison said determination were immoderate aspects to crypto — specified arsenic its usage arsenic a speculative concern — that are "not that applicable to what we bash astatine Stripe."
But, helium added: "There person been a batch of developments of precocious with an oculus to making cryptocurrencies amended and, successful particular, scalable and acceptable outgo arsenic a outgo method."
Asked whether Stripe would commencement accepting crypto arsenic a method of outgo again, Collison said: "We don't yet, but I deliberation it's not implausible that we would."
The institution precocious formed a squad dedicated to exploring crypto and "Web3," a buzzword successful tech that refers to a new, decentralized mentation of the internet.
The effort is being led by Guillaume Poncin, Stripe's caput of engineering. Earlier this month, the institution appointed Matt Huang, co-founder of crypto-focused task superior steadfast Paradigm, to its committee of directors.
Read much astir cryptocurrencies from CNBC Pro
Collison said determination are a fig of innovations emerging successful integer assets that person potential, including solana — a competitor to ethereum, the world's second-biggest integer currency — to "Layer 2" systems similar bitcoin's Lightning Network, which purpose to velocity up transactions and process them astatine a little cost.
Founded successful 2009, Stripe has rapidly go the largest privately-held fintech institution successful the U.S. The institution was past valued astatine $95 cardinal and counts the likes of Baillie Gifford, Sequoia Capital and Andreessen Horowitz arsenic investors.