payment processor

Stripe's Annual Letter highlights notable insights about its business landscape and economic trends. In 2024, Stripe businesses processed $1.4 trillion, representing 1.3% of global GDP. The letter discusses AI's impact beyond chatbots, emphasizing industry-specific tools that enhance productivity. It notes vertical SaaS's role in reviving independent pizzerias through tailored support. The letter also champions stablecoins, citing their efficiency and programmability in financial transactions. Lastly, it critiques Europe's unintentional policies that hinder new firm growth, attributing a 12% profit reduction for small tech firms to GDPR compliance costs.

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