Stripe introduces Fiat-to-crypto-onramp with a new hosted option
The payment giant Stripe announced the introduction of a Fiat-to-crypto driveway to rationalize the process for web3 companies so that customers based in the USA can buy crypto. The company will also open the driveway for all web3 users, in addition to those who have set themselves on the waiting list in the past few months. The Onramp, whether embedded in a company's website or hosted by Stripe, focuses on optimizing the conversion and authorization rates. Such an existing mechanism makes it more likely that legitimate purchases are made. The new offer includes integrated fraud tools and identity examination in order to fulfill KYC and ...

Stripe introduces Fiat-to-crypto-onramp with a new hosted option
The payment giant Stripe announced the introduction of a Fiat-to-crypto driveway to rationalize the process for web3 companies so that customers based in the USA can buy crypto.
The company will also open the driveway for all web3 users, in addition to those who have been on the waiting list in the past few months.
- The Onramp, whether embedded in a company's website or hosted by Stripe, focuses on optimizing the conversion and authorization rates. Such an existing mechanism makes it more likely that legitimate purchases will be made.
- The new offer includes integrated fraud tools and identity examination to support companies in fulfilling KYC and compliance tests that are required to prevent manipulation and fraud.
- James Mudgett, Vice President for Web3 Products at Brave, commented on the latest development as follows:
"We are very happy about the partnership with stripe when expanding your offer in the crypto area. We are happy to be able to offer a Fiat payment solution with which we can reach new web3 users."
- The latest offer follows the publication of a Fiat-to-Crypto widget in December, which can be embedded in any crypto product and enables users to enter their card information and to acquire crypto that can be used in another web3 product.
- At the beginning of this year, Stripe announced the signing of agreements in order to bring up more than $ 6.5 billion with the existing shareholders of Andreessen Horowitz, Baillie Fund, General Catalyst, MSD Partners and Thrive Capital as well as the new investors GIC, GOLDMARSENT SACHST AND WEALTH Management and Temasek.
- The company had previously stated that the proceeds were used for the liquidity of the employees and that capital did not need to operate its business.
.