• Payment giant Stripe announced the launch of a fiat-to-crypto onramp to streamline process for Web3 companies.
• This new offering would allow customers to buy crypto at the “precise moment” they need it and includes built-in fraud tools and identity verification.
• Brave is excited to partner with Stripe as they expand their offerings in the crypto space and offer a fiat payment solution.
Stripe Launches Fiat-to-Crypto Onramp
Payment giant Stripe recently announced the launch of a fiat-to-crypto onramp, which would simplify processes for Web3 companies by allowing US-based customers to purchase crypto at the “precise moment” they need it. The onramp includes built-in fraud tools and identity verification, supports companies in meeting KYC and compliance checks, and can be embedded or hosted by Stripe.
Features and Benefits
The new offering from Stripe gives businesses access to an array of features that make it easier for them to facilitate their customers’ purchase of crypto. These include optimized conversion and authorization rates, built-in fraud tools and identity verification, as well as KYC and compliance checks necessary to prevent manipulation and fraud.
Partnership with Brave
Brave is one of the first partners that have partnered with Stripe in order to use its newest offering. James Mudgett, vice president of Web3 products at Brave expressed his enthusiasm about this partnership stating: “We’re thrilled to partner with Stripe as they expand their offerings in the crypto space. We’re excited to offer a fiat payment solution that will allow us to reach new Web3 users.”
Other Offerings from Stripe
In December 2020, Stripe launched a widget that allowed any crypto product user to enter their card information in order to acquire crypto that could be used within another web3 product. Additionally, earlier this year, the company revealed signing agreements worth more than $6.5 billion at a valuation of $50 billion with existing shareholders such as Tiger Global Management LLC., Axios reported at the time.
Stripe’s latest addition is set out to revolutionize how users are able topurchase cryptocurrency easily online thanks its simplified process coupledwith added security features such as fraud protectiontoolsandidentityverification protocols making it easier than ever beforeforuserstobuycryptocurrencyonlinequicklyandsafely withoutfacingany risks or hurdles alongtheway