San Francisco-based payments company Stripe announced on Thursday that it is rolling out a service that makes it easier for Web3 companies to accept payments in cryptocurrencies like Bitcoin BTC/USD.
What Happened: According to Stripe, it is offering a widget, which can be embedded directly into a decentralized exchange (DEX), non-fungible token (NFT) platform, wallet, or decentralized applications (Dapps), which will allow customers to instantly buy cryptocurrencies in Web3 apps.
See More: Best Crypto Apps
Stripe said it will handle know-your-customer (KYC), payments, fraud, and compliance issues. “We built our fiat-to-crypto onramp to remove [logistical] complexity,” the company wrote in a blog post.
The first platform to use Stripe’s payments is Audius, a decentralized music discovery platform, that enables users to pay using their credit cards to purchase AUDIO tokens to tip their favorite artists.
Stripe has increased its partnerships with cryptocurrency firms over the last year, allowing for more support for crypto payouts to 67 countries, and enabling companies to send USDC USDC/USD payments to people and businesses across the world.
Price Action: At the time of writing, BTC was trading below $ 17,000 mark, down by 1% in the last 24 hours, according to Benzinga Pro.
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