May 18, 2022

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Ford and Stripe: Payment agreement in US and Europe

Important deal between Ford and Stripe to make payments in North American and European markets.

Bar Signed a contract with Ford Motor Company To strengthen the e-commerce strategy of American auto companies. Under the agreement, Ford will use stripe technology to enable digital tariffs in markets in North America and Europe, and the partner will handle transactions for consumer vehicle orders and bookings. Automaker also plans to use Stripe to send customer payments from its website to the appropriate Ford dealer.

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As the US media has pointed out, the deal is one of Stripe’s biggest successes, and is part of Ford’s breakthrough plan under CEO Jim Barley, who will take over in October 2020.

Founded in 2010 by the Irish brothers Patrick and John Collison. The Stripe in Silicon Valley is a very valuable start, Valued at $ 95 billion. The company sells software that will make it easier and more effective for businesses to make payments online.

The company includes clients such as Shopify, Salesforce and Delivero, which involve withholding a small commission for each transaction that executes its business model. However, it faces growing competition from Fintech rivals Adyen and Checkout.com, which last week estimated $ 40 billion in the $ 1 billion financial round.

Ford plans to launch Stripe technology in the second half of 2022, starting in North America.

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Going back to the strip, the company is still private, although there has been speculation for some time that the company may participate in regulated markets.

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