Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Bitcoin News
stripe

stripe

Stripe Re-Enters Crypto Space, Announces Fiat Payment Support for Cryptocurrencies and NFTs 

Tom Nyarunda by Tom Nyarunda
March 11, 2022
in Bitcoin News, NFTs
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

The payment giant announced partnerships with FTX, FTX US, Blockchain.com, Nifty Gateway, and Just Mining to launch a crypto business suite. The decision backtracks a 2018 decision to stop supporting Bitcoin due to the network’s slow transaction speeds and fees at the time.

Financial services company Stripe has announced its re-entry into the crypto sphere. The global payments giant announced a suite of products, offering businesses tools and APIs that make it easier for customers to buy and store crypto tokens, cash out, trade NFTs and handle compliance workflows like Know Your Customer (KYC). 

As per the announcement, the company’s products will enable support for users to buy and sell over 135 cryptocurrencies with fiat currencies in at least 180 countries. Stripe co-founder John Collison announced via Twitter and shared different ways the firm plans to support Web3 companies via its crypt APIs. 

Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more. https://t.co/3X173SkdPd

— John Collison (@collision) March 10, 2022

Making it easier than ever for people to invest in crypto

The firm also announced partnerships with FTX, FTX US, Blockchain.com, Nifty Gateway, and Just Mining to launch the crypto business suite. Currently, Stripe’s crypto services are only available to businesses in the U.S., the U.K., and the European Union. Its NFT services for marketplaces are supported in these regions and Japan.

Commenting about the new deal, FTX’s Head of Strategy, Tristan Yver, said the partnership would help the firm attract a wider mainstream audience by making the process of acquiring digital assets simpler. He stated: 

“The optimizations we made in our payments setup with Stripe deliver the smooth on-ramp experience FTX’s growing customer base demands. We’re able to multiply revenue by making it easier than ever for people to invest in crypto.”

A company with a similar name, Strike, quickly filled in the gap

Stripe also announced launching an open drop NFT collectibles christened “Cube Thingies” via Nifty Gateway as part of the initiative. It will cost users between $242.42 and $424.24 to mint each of the NFTs, and all proceeds from the sale will go to non-profit healthcare tech organization Watsi.

Stripe now supports NFT sales—and we're doing a drop of our very own today!

🄲🅄🄱🄴 🅃🄷🄸🄽🄶🄸🄴🅂

An open edition NFT drop presented by @stripe and @niftygateway.

All proceeds benefit healthcare nonprofit @watsi.

6:30–8:30 PM ET: https://t.co/Js0qCYQ4KN. pic.twitter.com/iUM6zGj01C

— edwin (@edwinwee) March 10, 2022

Stripe has had an on-and-off relationship with cryptocurrencies over the years. The firm was among the first institutional adopters in 2014 but ended the Bitcoin support in 2018, calling the cryptocurrency less useful as a means of payment. A company with a similar name, Strike, quickly filled in the gap.

However, Stripe began posting job listings to create a crypto team and added crypto VC Matt Huang to its board several weeks later. Stripe’s re-entry into the crypto sphere could become a threat to existing crypto payments processors that lack the company’s expansive reach.

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Previous Post

What is Avalanche? – A Simple Guide

Next Post

What is the Meta Mansions NFT Project?

Related Posts

Bitcoin Green Bubble

Market Wrap: Bitcoin Struggles To Break $29K As Credit Suisse Bank Edges To The Brink Of Collapse

by Vincent Munene
March 24, 2023
0

Bitcoin, the world's largest cryptocurrency, is facing yet another hurdle in its quest for recovery as it struggles to break...

FrEFsfzakAI5iyU

Polygon Partners With Nexon To Launch MapleStory NFT Universe

by Ken Emmanuel
March 23, 2023
0

Nexon, the largest gaming developer and publisher in Korea, announced that it has selected Polygon, a leading Ethereum scaling blockchain...

Sony & NFTs

Game On: Sony Set To Change The Game With NFT Integration On PlayStation

by Edmond Herrera
March 22, 2023
0

Sony Interactive Entertainment is set to implement non-fungible tokens (NFTs) into its iconic PlayStation gaming consoles. Discover how NFTs will...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

SAVE 20% ON BINANCE FEES

Sign Up Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.