Latest news with #Stripe
Crypto Insight
5 hours ago
- Business
- Crypto Insight
Banks ‘very interested' in stablecoin use — Stripe exec
Payment giant Stripe has reportedly held early discussions with banks about potentially integrating stablecoins, signaling growing acceptance in global banking. After debuting stablecoin-based accounts in 100 countries in early May, Stripe has noticed significant interest in stablecoins — cryptocurrencies tied to fiat currencies like the US dollar — from global banks. 'In the conversations we have with them, they're very interested,' Stripe co-founder and president John Collison said in an interview with Bloomberg News on May 30. 'This is not something that banks are just kind of brushing away or treating as a fad. Banks are very interested in how they should be integrated with stablecoins into their product offerings as well,' he stated. Stablecoins will be a big part of future payments The growing interest by banks to integrate stablecoins comes from understanding that such cryptocurrencies offer significantly lower transaction costs for payments, including foreign exchange fees by banks. 'It's extremely expensive to do. It's very slow. It takes a matter of days,' Collison said. 'No one is happy with that equilibrium today. And so I think you will see those kind of profit pools come under attack.' On the other hand, stablecoins offer instant transactions with fees being significantly less than those of FX, Collison said, making a perfect case for payment use globally. 'A lot of our future payment volume is going to be in stablecoins,' Collison said. 'This is, for sure, a big part of our business on a go-forward basis,' he added. Stablecoins have already made an impact on traditional finance, beating volumes of Visa and Mastercard combined in 2024. Stablecoin growth requires green lights from regulators While showing interest in stablecoins, some jurisdictions like the United Kingdom might be falling behind in the race to attract stablecoin operators if they don't move faster with regulations, Collison said. 'You have companies that are being set up to serve this industry — if maybe there was a really good regulatory framework, they would choose to base here,' the Stripe exec said, adding: 'Without that certainty they go somewhere else. I think that's the risk that we need to be aware of.' Collison referred to the European Union's Markets in Crypto-Assets (MiCA) regulation taking force in late 2024, while the UK Financial Conduct Authority is still seeking public feedback on new stablecoin rules as recently as May 28. The latest insights by Collison align with reports suggesting that banks in the United States have been seeking even clearer guidelines from the government clarifying what they can do in crypto. On the other hand, despite falling behind in terms of stablecoin regulation, the UK has seen the largest increase in new crypto owners in the past year, outpacing Europe, according to Gemini. Source:
Time Business News
13 hours ago
- Business
- Time Business News
Why Every Creative Studio Needs a Smart Management System
Running a studio—whether it's for music recording, podcast production, or creative sessions—is a unique mix of creativity and logistical hustle. Studio owners and managers face daily challenges: scheduling sessions, handling payments, communicating with clients, tracking equipment usage, and ensuring the overall workflow runs smoothly. Without the right tools, managing even a small studio can become overwhelming quickly. Gone are the days when a whiteboard and a spreadsheet were enough. Today's clients expect a seamless experience—from booking online to receiving timely reminders and paying digitally. That's where studio management software steps in. These all-in-one platforms have become essential for modern studios looking to operate more efficiently and professionally. If you're tired of double-bookings, late payments, and missed opportunities, it's time to embrace automation. A powerful studio scheduling software or studio booking software can revolutionize how you manage your space. Don't let manual processes slow you down—invest in your studio's future with the right tech today. Every session in your studio involves a web of moving parts—availability, equipment, sound engineers, client requests, and timelines. Managing all this manually is inefficient and prone to mistakes. That's where music studio management software can make a massive difference. From a single dashboard, you can view your entire calendar, check which rooms are booked, track outstanding invoices, and send real-time updates to your clients. A good system turns chaos into clarity and saves you hours every week. Studio management software can also handle staff schedules, send out automated contracts, and offer mobile access, allowing you to manage your business from anywhere. With these tools, small studios can operate like large, well-structured businesses. With intuitive studio booking software, your clients can book available time slots, choose services, and even pay online. This improves their experience and reduces administrative work for you. With studio scheduling software, you can manage multiple rooms, avoid double bookings, and coordinate staff shifts effortlessly. Automatic reminders help prevent no-shows and last-minute cancellations. Invoicing, deposits, tax calculations, and reports are all handled within the platform. This not only saves time but helps maintain a clean, accurate financial record. The best studio management software doesn't just organize—it helps your business thrive. Whether you're offering hourly recording sessions, monthly memberships, or bundled packages, modern management software can accommodate your business model. Plus, these tools come with CRM features that let you track client history, favorite services, and feedback. This helps you deliver a more personalized experience and boost client retention. Some systems also integrate with tools like Google Calendar, Zoom, Stripe, and more, creating a truly seamless workflow. Whether you're running a home studio or a professional production facility, the software can be customized to suit your needs. You can define services, availability, pricing, and even set cancellation policies. No more chasing emails or texts. All client communications—confirmations, reminders, and updates—can be automated and centralized in one place. Want to know which months are busiest? Which services generate the most revenue? The right recording studio management software gives you powerful insights that inform business decisions. As your studio grows, so do your needs. More clients, more sessions, and more complexity. Relying on manual methods or basic tools won't cut it. Scalable studio management software is designed to grow with you. Whether you expand to new locations, add team members, or offer new services, your platform should be able to accommodate those changes without disruption. Advanced tools support multi-room management with visual calendars and smart booking systems that prevent overlap and optimize space usage. Assign roles and permissions to staff—sound engineers, admin teams, or interns—so they only access the information they need. This enhances security and workflow efficiency. You don't need to be chained to your desk. Access your bookings, calendars, and client data from any device with responsive interfaces and mobile apps. 1. What is the best studio management software available? The best software depends on your studio's size and needs, but top platforms offer tools for scheduling, payments, and client management all in one place. 2. Can music studio management software handle multiple rooms? Yes, most advanced solutions include features to manage several rooms, different engineers, and even unique equipment for each session. 3. How does studio booking software improve client experience? It allows clients to self-book, choose services, pay online, and receive automated reminders—all from their phones or computers. 4. Does studio scheduling software integrate with calendars? Yes, many systems sync with Google Calendar, iCal, and others, ensuring everything stays organized and up-to-date. 5. Is it worth investing in recording studio management software for small studios? Absolutely. Even small studios benefit greatly from automation—it saves time, reduces errors, and helps you provide a better client experience. Whether you're running a bustling recording studio or just starting your solo operation, the importance of a streamlined workflow can't be overstated. In today's digital world, relying on old-school methods can leave you behind. With powerful tools like studio booking software, studio scheduling software, and recording studio management software, you can manage your business smarter, serve clients better, and grow faster. Don't wait until inefficiencies cost you clients or revenue. Make the move to the best studio management software today and future-proof your business. TIME BUSINESS NEWS
Bloomberg
a day ago
- Business
- Bloomberg
Patrick Collison Speaks: It's Not the Internet's Fault
Stripe co-founder and CEO Patrick Collison speaks at the Reagan National Economic Forum in California on coding advancements in recent history. He says "the reason for the stasis in the domain of atoms" cannot be blamed on the advancements in the world of bits, and that "it's not the internet's fault." (Source: Bloomberg)
Yahoo
a day ago
- Business
- Yahoo
Square Sets the Table for Crypto-Fueled Caffeine Fixes
Girl/boy math is telling yourself that an $8 matcha latte costs just seven hundred-thousandths of a bitcoin. Soon, that conversion will matter because any shop that uses Square will be able to accept bitcoin payments. Square parent Block said it'll start supporting bitcoin later this year, reaching all 4 million of its sellers by next year. CEO Jack Dorsey said merchants can keep the bitcoin they're paid in or have it automatically converted to fiat currencies (like the dollar, peso, or pound). Previously, sellers could only do the opposite, meaning convert their fiat sales into bitcoin. READ ALSO: E.l.f. Soars After $1 Billion Pow(d)er Move to buy Hailey Bieber's Rhode and Omada Health Preps to Go Public as IPO Market Revives Square rival Stripe started supporting stablecoin transactions last year, acquiring stablecoin platform Bridge in February for $1.1 billion to strengthen its infrastructure. It's actually a circle-back for Stripe, which was the first payments company to process bitcoin in 2014 but discontinued its crypto offering four years later after running into low demand and high fees. PayPal, meanwhile, has been letting shoppers check out with crypto since 2021. PayPal launched its own stablecoin in 2023 and began allowing US businesses to buy and sell bitcoin on its platform last year. As payment platforms give millions of small businesses more exposure to bitcoin, big businesses are also piling into the digital asset — whose price popped 50% from last month to an all-time high of more than $111,000 last week: According to tracker, 114 publicly-listed companies now hold bitcoin, up from 89 at the beginning of last month. Together, they've amassed about $87 billion worth. GameStop disclosed yesterday that it bought $500 million worth of bitcoin to stash in its treasury. Similarly, POTUS Trump's media company said Tuesday it plans to raise $2.5 billion to build its own treasury of the in-demand digital asset. Hype Machine: Block announced its bitcoin expansion at Bitcoin 2025, an annual crypto conference where, last year, Trump said he'd make the US the 'crypto capital of the planet.' Hopes are high that crypto will enter the mainstream under Trump as regulators push for legal frameworks that could help it gain wider adoption (a stablecoin bill is imminent). At this year's Bitcoin 2025, VP JD Vance doubled down on the administration's support, saying the crypto industry needs regulatory clarity ASAP. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.
Yahoo
a day ago
- Business
- Yahoo
Stripe Explores Bank Partnerships on Stablecoins as Payments Importance Grows, Says Company President
Payments firm Stripe held early discussions with banks about integrating stablecoins into their core service as digital tokens are gaining traction for global payments, co-founder and president John Collison said in an interview with Bloomberg. "Banks are very interested in how they should be integrated with stablecoins into their product offerings as well," said Collison. "This is not something that banks are just kind of brushing away or treating as a fad." His comments underscore the rising interest among traditional financial firms to explore stablecoins, one of the fastest-growing use cases of crypto. Stablecoins, which have become a $240 billion asset class, are blockchain-based tokens anchored to government-issued currencies, predominantly to the U.S. dollar. They offer cheaper, faster alternative with around-the clock settlements compared to traditional payments channels. PayPal (PYPL) launched its own U.S. dollar-backed stablecoin PYUSD, while French bank Societe Generale issued a euro-backed token EURCV. Visa developed a tokenization platform to help banks issue stablecoins. Stripe is also betting on the growing role of stablecoins in international payments. The firm made headlines earlier this year by acquiring stablecoin tech startup Bridge for $1.1 billion. Since then, Bridge rolled out its own stablecoin USDB while Stripe introduced stablecoin accounts in over 100 countries. "A lot of our future payment volume is going to be in stablecoins," Collison said in the interview. He pointed to costly FX fees and multi-day processing times as pain points that stablecoins could while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
