Stripe, the programmable financial services company, introduced over 15 updates for French businesses, many of which leverage AI and stablecoins.
These announcements were made at Stripe Tour Paris, the company’s annual conference in France, which “brought together 500 founders, developers, and enterprise leaders.”
French businesses can take advantage of:
- The world’s Payments Foundation Model, which captures hundreds of subtle signals that previous specialized models couldn’t, and unlocks performance improvements that weren’t previously possible.
- New payment methods including titres-restaurant and open banking payments, bringing the total of payment methods supported by Stripe to over 125.
- Stripe Orchestration, to set up, manage, and optimize payments performance across multiple providers, all from the Stripe Dashboard.
- Stripe Capital, to access financing directly from the Stripe Dashboard in just a few minutes. Later this year, the 1,000+ French platforms on Stripe will also be able to extend financing to their customers, unlocking growth opportunities for millions of small businesses in France.
- Stripe Tax, to register, calculate, collect, and file taxes in 102 countries.
Stripe is also expanding its money management capabilities.
Over the next year, French businesses will be able to “hold, manage, and spend from balances in multiple currencies in their existing Stripe account.”
They’ll be able to pay out “to customers, contractors, and other third parties in 50 countries with just an email address.”
In addition, a few weeks ago, Stripe unveiled Stablecoin Financial Accounts as well as a partnership with Visa to “launch the first-ever global card issuing product that will make stablecoin balances as easy to spend as fiat currency.”
This comes just four months after Stripe “completed its acquisition of stablecoin platform Bridge.”
In France, Stripe works says that it “with the most innovative AI startups including Mistral, Dust, Nabla, and Hugging Face, two-thirds of French unicorns, and more than half of the CAC 40.”
Globally, Stripe reportedly processes over “$1.4 trillion of payments annually.”