Stripe eyes crypto space as Matt Huang gets onboard
Payments giant Stripe has added Matt Huang to its board of directors.
Huang is Co-founder and Managing Partner at Paradigm.
He was previously a partner at Sequoia Capital, where he focused on early stage venture investments, and was the founder and CEO of Hotspots, a company acquired by Twitter in 2012.
As an angel investor, Huang has invested in companies such as ByteDance and Instacart.
According to a press release: “As a long time investor and leading expert in crypto, Matt’s perspective will be especially helpful as Stripe’s recently formed crypto team explores potential avenues for product development work.”
“Crypto protocols and currencies hold the potential for faster and less expensive payments for businesses and entrepreneurs around the world, particularly in underserved markets.”
“Very few people know more about crypto, and, specifically, its potential to help internet businesses around the world, than Matt,” says Patrick Collison, Co-founder and CEO, Stripe. “We’re delighted he’s joining our board of directors.”
This appointment comes as Stripe looks to expand beyond core payments acceptance, with recent announcements including the acquisitions of Recko and TaxJar, and partnerships with Klarna and UnionPay International.
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