Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces.
Stripe is bringing its highly-regarded payments infrastructure to all crypto businesses with support for exchanges, wallet providers and NFT marketplaces.
Online payments company Stripe’s move back into cryptocurrencies has deepened with the firm announcing a new comprehensive solution to support crypto-focused businesses, including exchanges, wallet providers and NFT marketplaces.
Co-founder John Collison said in a tweet that the company now supports all crypto businesses, “not just for pay-ins, but also for payouts, Know Your Customer (KYC) and identity verification, fraud prevention and lots more.”
Sticking with what they know, Stripe is tackling security issues with payment processes head-on. As the industry expands and NFTs take on more utility it is important to provide tools that enhance platform security and eliminate fraud with transactions. Already working with some of the big players in the blockchain landscape, including Nifty Gateway and FTX Exchange, Stripe adds a strong layer of product expertise to the space.
Entering of the tech giants in the crypto industry hopefully will make the market more secure and robust and will provide the good user experience for the current user and hopefully it will attract new investors in the crypto space.
Until next time.....
Written By- Shriyansh Jain