The payment giant Stripe, already part of and powering a pretty significant part of the web's financial infrastructure, is now launching crypto payments support to give customers an easier path to onboard new web3 customers and interact with cryptocurrencies.
The company today announced a suite of products aiming to give customers access to tools and APIs that make it easy for customers to buy and store crypto tokens, withdraw money, exchange NFTs, and manage compliance workflows such as Know Your Customer (KYC). ). The support page of Stripe notes that the company's products will allow users to purchase more than 135 cryptocurrencies with fiat currencies in 180 countries.
The co-founder of Stripe, John Collison, published in Twitter the new features.
Stripe has had a complicated relationship with cryptocurrencies over the years, end Bitcoin support in 2018 calling it “least useful” as a means of payment after initially admitting it in 2014. In October, the company began posting job postings to build a crypto team and added very high-profile Matt Huang to its management committee. address. The company's re-entry into the space is a major threat to existing crypto payment processors that lack the company's market reach.
On the other hand, cryptocurrency exchange FTX announced that it is partnering with Stripe to enhance its identity compliance features and trustee onboarding workflows for users.
