Payments processing firm Stripe is launching a new hosted fiat-to-crypto onramp in an effort to make digital asset purchases easier.
In December, the payments giant rolled out an embeddable fiat-to-crypto onramp for Web3 developers.
Now, in addition to that product, Stripe is also offering a hosted onramp available at crypto.link.com.
Web3 companies can direct their US-based customers to the link without the need for any access code, according to a new press release.
Explains Stripe,
“Companies interested in offering cryptocurrency- and blockchain-enabled experiences often face a cold start problem: Their customers don’t have the crypto in their wallets to carry out transactions. Stripe’s onramp allows customers to purchase crypto at the precise moment they need it. They could purchase Ethereum, for example, and immediately use it to buy an NFT (non-fungible token).”
Guillaume Poncin, Stripe’s head of engineering for crypto, says Web3 companies can use the hosted onramp to outsource crypto payment processing requirements like conversion, authorization optimization, fraud prevention and identity verification.
“We received thousands of requests for our fiat-to-crypto onramp since our launch in December. Talking to our pilot users, we learned that speed to launch was key. They also wanted to redirect consumers to an external-hosted onramp separate from their applications.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://dailyhodl.com/2023/05/06/payments-giant-stripe-rolls-out-new-fiat-to-crypto-onramp-to-make-digital-asset-purchases-more-convenient/
