Stripe is no longer present on the online payment market. Constantly in search of innovation, it continually offers new features on its payment platform. The latest: a hosted fiat-crypto gateway.
Stripe’s fiat-crypto gateway serving blockchain companies
While the banking crisis is still raging in the United States, some companies are taking advantage of it to innovate. This is the case of Stripe which announced on May 4 the launch of a hosted fiat-crypto gateway.
As explained in the press release, the on-ramp option proves particularly beneficial for blockchain companies. It is a portal for customers of blockchain companies in the United States tobuy cryptocurrencies more easily.
“This hosted fiat-crypto gateway represents an extension of what Stripe currently offers”we explained.
The benefits of the fiat-crypto hosted gateway
In December, Stripe already came up with an embeddable ramp through which developers could insert a widget optimized for fiat-to-crypto conversion. With the hosted option, everything becomes even simpler. Indeed, companies no longer need to insert a widget. Simply direct customers to Stripe-hosted ramp so that they can easily buy cryptocurrencies.
Stripe’s hosted fiat-crypto gateway also allows crypto companies to outsource their operations. This comes in especially handy if they don’t want to get involved in crypto-to-fiat conversion operations.
Even better, the integrable ramp gives access to greater customization. It offers a user-friendly interface as well as a simplified purchase process (no code necessary). Like the built-in ramp, Stripe’s hosted gateway even has a built-in fraud detection and identity verification support.
That’s not all ! The built-in ramp also allows crypto businesses to comply with know-your-customer (KYC) and anti-money laundering (AML) requirements.
YES ! The Stripe project is a boon for crypto businesses. It remains to be seen which bank and which custodian will take care of the fiat-to-crypto conversion? The choice of the bank remains indeed always crucial.
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