Stripe jumps back to crypto technology and offers consumers and companies new payment options

Stripe jumps back to crypto technology and offers consumers and companies new payment options

The payment company Stripe immerses again in crypto, offers support for the stock exchanges, on-ramps, wallets and NFT marketplaces in the room and has received a partnership with FTX and Blockchain.com.

Stripe was the first major payment company to support Bitcoin payments, but ended his support for the cryptoasset in 2018.

"crypto becomes a mainstream", the company wrote in a blog post on Thursday. "In order to better support our customers and further increase the GDP of the Internet, we are working on gaining crypto companies access to today's global financial infrastructure."

Stripe co-founder John Collison tweeted Identity testing, fraud prevention and much more "would offer.

The crypto derivate exchange FTX and its US subsidiary FTX US gave you known on Thursday that you will use stripe to build an onboarding and identity review process for users that join the stock exchange and to enable payments for users to add money to your FTX account.

The President of FTX Us, Brett Harrison, said beforehand that the integration with stripe would “increase the speed of KYC processing, higher rates of automated permits and a more smooth process [User Experience] for our customers.”

Stripe enables FTX users to buy crypto with debit cards and automated clearing-house transactions directly from your bank, it is said A statement from Thursday . Stripe Radar uses machine learning models and signals such as customer data and invoice information to sort out potential fraudsters from legitimate customers.

"Crypto companies were poorly served by other payment providers, and many complained privately about poor authorization rates and reliability," a spokesman for Stripe told Blockworks. "We bring a worldwide leading payment infrastructure to help crypto companies to better achieve new and existing users."

According to Matthew Gould, founder and CEO of the blockchain company Unstopable Domains, the transaction with crypto was too difficult for the average user or the company in the past.

"The fear of sending money to the wrong address or paying too high fees has hindered general acceptance, and it is great to see how companies and stripe work to solve this," he said to Blockworks. "Stripe has already entered the payment market, and now its users have better access to secure crypto transactions by integrating a single integration."

With main seats in San Francisco and Dublin, Stripe, founded in 2011, supports millions of companies in 120 countries.

"It is wonderful to see how traditional payment companies begin to integrate payments in digital currency for providers and consumers," said Nina Tannenbaum, head of business operations at the Blockchain protocol Algorand. "We see an increasing acceptance of the payment and transfer sector on Algorand and knowledge of how organizations such as stripe help to promote the acceptance of digital assets in the mainstream."

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The contribution "Stripe Jumps Back in Crypto, Providing New Payment Options for Consumers and Companies" is not a financial advice.