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- Stripe has launched a self-hosted fiat-to-crypto onramp
- The service allows developers to offer visitors an easy way to buy crypto to use with their product
- The service is in addition to an embeddable onramp that was announced last year
Stripe has announced a self-hosted fiat-to-crypto onramp which it says will make it easier for US-based crypto and Web 3.0 users to purchase cryptocurrencies. The new feature comes in addition to the embeddable onramp which Stripe announced in December and provides a third-party option for US-based developers who can’t or don’t want to embed their own onramp. The launch comes at a time when both US institutions and the government are actively trying to curtail crypto use and adoption in the country.
Instant, Easy Conversion When Crypto Needs it Most
Stripe’s new onramp options are designed to address a problem being felt by crypto companies all over the US; their customers don’t have the crypto in their wallets to carry out transactions.
Stripe’s onramp is designed to allow customers to purchase crypto at the precise moment they need it, incorporating fast built-in fraud prevention tools and identity verification to assist businesses in meeting KYC and regulatory requirements.
We’re introducing a Stripe-hosted fiat-to-crypto onramp (no code required) and unlocking the waitlist for the embeddable onramp. 🛹 https://t.co/U9OW2cjFrZ pic.twitter.com/jjmkDUiOqc
— Stripe (@stripe) May 4, 2023
Easy Option for Developers
Stripe announced its embeddable onramp last year, hoping that it would appeal to to developers working on decentralized exchanges, NFT platforms, wallets and dApps. This new self-hosted service is a better option for those less well-versed in the crypto space and who want a simple, step-by-step guide to buying it to use on a specific platform.
The concept is simple – platforms can point customers towards the self-hosted Stripe solution, allowing them to buy their crypto instantly and come right back to the platform to use it, without developers having to get their hands dirty embedding it into their site.