Stripe launches new fiat-to-crypto service to simplify buying cryptocurrency



  • Stripe has launched a new fiat-to-crypto payment service that makes it easy for Web3 businesses to buy cryptocurrency.
  • The service includes identity verification and security tools to combat fraud and ensure the legitimacy of transactions.

Stripe, a major payments company, has introduced a new service that will allow users to purchase cryptocurrency at the precise moment they need it. This new service aims to make it easier for Web3 companies to buy cryptocurrencies, and it will be available to all users, including those who have registered on the waiting list during the last few months.  

The gateway, which can be integrated into company websites or hosted on Stripe, focuses on optimizing conversion and authorization rates, increasing the chances that legitimate purchases will be processed. In addition, it has built-in tools to combat fraud and verify the identity of users, which will help companies comply with KYC regulations and prevent fraud and manipulation. James Mudgett, Vice President of Web3 Products at Brave, said: 

 “We are thrilled to partner with Stripe as they expand their offerings in the crypto space. We are excited to offer a fiat payment solution that will allow us to reach new Web3 users.”  

Companies like Brave have praised the initiative and have partnered with Stripe to expand their offerings in the cryptocurrency space. The new fiat currency payment solution will allow Brave to reach new Web3 users. 

 This new service complements the offering that Stripe launched last December, a fiat-to-crypto tool that allows users to enter their card information and purchase cryptocurrency to use in other Web3 products.  

Earlier this year, Stripe announced that it had signed deals to raise more than $6.5 billion, at a $50 billion valuation from its existing shareholders as well as new investors. The company has declared that the funds will be used for the liquidity of its employees and not for its daily operation.  

In conclusion, with this initiative, Stripe seeks to provide a service that has tools to combat fraud and verify the identity of users, offering greater security and confidence to users seeking to invest in cryptocurrencies.