Yesterday payment tech firm Stripe announced it’s starting to roll out its cryptocurrency onramp, enabling web3 firms to embed a Stripe software widget that performs KYC and converts a user’s fiat currency to crypto.
So far, clients include music streaming platform Audius and NFT marketplace Magid Eden but generally targets NFT platforms such as these, decentralized exchanges (DEXs), wallets or dApps. Currently, the service is only available in the US by invitation.
This is Stripe’s latest and most substantial cryptocurrency offering. It already supported NFT marketplaces through a partnership in March that enabled creators to accept payments on Nifty Gateway. That may have been in preparation for the rollout of this embeddable solution. In April, Twitter creators were able to start accepting the USDC stablecoin in April.
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