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a big reason people come to stripe is basically we are a reputation network across the internet economy and so when someone comes and buys something from a stripe user 93 of the time we have seen that card before and so the merchant can know something and know that they can trust this end user and it's gotten to the stage now where if someone comes along and buys with a credit card if they're you know signing up with an email address or a phone or something that we haven't seen before that is ju
stable coins are finally happening and they're really useful like we followed crypto for a long time the bitcoin white paper dropped in 2008 the year before we started working on stripe and so it's been funny where stripe and crypto have grown up together and you know we tried to make bitcoin happen as a payment method on stripe just wasn't that good as a payment method i mean it's good as a store of value as kind of a gold substitute but transactions are slow transactions are expensive you neve
that's broadly accurate i would just fact check that it's nowadays not just startups even though they run on strike but also the world's largest enterprises hertz amazon ford all these kind of companies
it's more than a trillion dollars a year a trillion dollars a year is processed through your network and which works out to you know global gdp is around a hundred trillion a year so it works out to around one percent of global gdp incredible and you could say well you know gdp is is final goods and and you know stripes processes more than only final goods so it's not exactly
when we started out with stripe we thought it would only be for startups like we thought those were the people who needed a problem solved and we thought payments was broken for them and as time went on we just found out it was kind of broken for everyone