The digital payments world got big news yesterday when Visa announced its investment in the San Francisco-based Stripe – a four-year-old company that provides application programming interfaces that help businesses create customizable mobile and online payment systems to accept payments from around the world in more than 100 currencies and Bitcoin.
The move creates a partnership that offers developers access to Visa's network and payment technologies and expands Stripe's reach in emerging markets.
"Working together, the companies will enable a global payments solution for new ecommerce experiences like 'buy buttons' and new innovations to come," Visa said in its announcement. "Stripe will also be one of the first beta partners to connect to Visa's network capabilities via APIs and SDKs, offering their developer community access to payment and risk management services, Visa's tokenization service and security technologies."
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