Stripe to launch its own third-party app marketplace

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Stripe has launched a new tool for third party developers to create apps that can be added onto Stripe’s dashboard.

Stripe Apps lets businesses design their own app to customise their Stripe dashboard, or upload it onto Stripe App Marketplace for it to be shared with the fintech’s userbase.

Stripe said this tool helps address a “fundamental challenge” for growing businesses and has been a top request from its customers.

“Stripe Apps makes it possible for businesses to customise Stripe for the first time,” the fintech said in a statement yesterday (24 May). “It also enables automated sharing of contextual information across apps, keeping systems of record in sync and giving users a fuller view of their business.”

Stripe said the App Marketplace will be available for users in the coming weeks, which will have more than 50 apps available at launch. Many of these apps are designed for core business functions such as accounting, analytics, eSignature and marketing.

Some of the developers that have already partnered with Stripe to create apps include DocuSign, Dropbox, Intercom, Mailchimp, Ramp, and Xero. Stripe said it will add more partners and apps over time, along with apps in other languages.

Looking at cryptocurrency again

One of the apps currently listed in the marketplace allows users to convert incoming payments to bitcoin in real time. Developed by payment processor OpenNode, the app will also allow users automatically convert a fixed percentage of incoming Stripe payments to bitcoin, or manually convert any amount.

Convert incoming payments to #Bitcoin in real time, automatically or on demand with the new @OpenNode app featured in the upcoming @Stripe App Marketplace. Learn more here👇🏾 https://t.co/n8tS5JWvcS pic.twitter.com/xHlHHgbhXg

— OpenNode ⚡ (@OpenNode) May 24, 2022

This marks another step back into the cryptocurrency space for Stripe, which dropped bitcoin in 2018 due to the cryptocurrency’s volatility and lengthy transaction times.

Last October, the fintech took a cautious step back into the cryptocurrency space, when it started hiring for a dedicated cryptocurrency engineering team.

Stripe, founded by Irish brothers Patrick and John Collison, continues to roll out services that go beyond the payments processing it was originally built on, from tax tools to card issuing services.

Earlier this month the fintech launched Stripe Financial Connections in the US, to allow businesses to establish direct connections with the bank accounts of their customers.

Last week, Stripe Data Pipeline was also launched in the US, which synch Stripe data with data warehouses Amazon Redshift and Snowflake Data Cloud.

Last month, Stripe appointed Microsoft veteran James Phillips as its new president of financial services, to help expand its portfolio.

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