Founded by brothers Patrick and John Collison, Stripe experienced a significant growth of 38% in online payments last year, reaching a total of $1.4 trillion. Despite this success and achieving profitability in 2024, co-founder John Collison expressed concerns about Ireland's infrastructure issues, particularly in light of Intel's decision to relocate a major plant to Germany. He highlighted the ineffectiveness in addressing infrastructural challenges, including housing shortages and bureaucratic red tape. Nevertheless, he noted that Stripe itself is less impacted by these issues as it does not rely on physical infrastructure development.
"I would like to see more concern in Ireland about our seeming inability to solve obvious infrastructural problems. The fact that Intel chose to not build their major second plant in Ireland and went to Germany..."
"Stripe is less exposed to the issue because we are not, as a company, trying to build large, physical things. We're not trying to build data centres..."
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