Stripe builds crypto capabilities adding Matt Huang to its BoD
San Francisco and Dublin based Stripe, which builds payment infrastructure for the internet, has announced that Matt Huang has joined its board of directors.
Matt Huang is co-founder and Managing Partner at crypto investment firm Paradigm. He was previously a partner at leading Silicon Valley VC firm 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, Matt has invested in companies such as ByteDance and Instacart.
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,” said Patrick Collison, co-founder and CEO of Stripe. “We’re delighted he’s joining our board of directors.”
This appointment comes as Stripe continues to expand beyond core payments acceptance, with recent announcements including the acquisitions of Recko and TaxJar, partnerships with Klarna and UnionPay International, and the launches of Stripe Revenue Recognition, Stripe Identity and Stripe Tax.