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Gungun Bhatia
Dec 2, 2022
by Gungun Bhatia

Stripe Launches Fiat-to-Crypto Payment Service for Web3 Businesses

Stripe

Table of contents

  1. Fiat-to-Crypto Payment Services by Stripe
  2. Easy Transfer of USDC Payments
According to a statement released on Thursday, the payments processor Stripe has launched an initiative to make Fiat-to-Crypto transactions easier for businesses in several nations.

Fiat-to-Crypto Payment Services by Stripe

Customers will be able to immediately buy cryptocurrencies in Web3 applications with the help of the product. It is a widget that can be customized and easily integrated into a decentralized exchange (DEX), non-fungible token (NFT) platform, wallet, or decentralized app (dapp). Solana is the foundation for 11 of the company's original 16 initiatives. According to Stripe, it provides flexible on-ramping services and manages know-your-customer (KYC) payments, fraudulent, and compliance challenges.

According to a blog post by the business, it designed the Fiat-to-Crypto onramp to eliminate complications.

Easy Transfer of USDC Payments

Since last year, Stripe has increased the number of cryptocurrency firms with whom it has alliances. As a result, 67 more nations now enable cryptocurrency payouts, making it possible for corporations to transfer USDC payments to individuals and organizations worldwide.

The decentralized music discovery network Audius announced that it accepted Stripe's payment solution. So, that users can use their credit cards to purchase their native AUDIO coin and tip their favorite musicians. Audius is one of the first companies to use Stripe's new on-ramp. In July, the company made a first move toward permitting users to donate to musicians using virtual currencies by allowing them to do so using AUDIO they had won on the system.

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Stripe Launches Fiat-to-Crypto Payment Service for Web3 Businesses
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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