Stripe Announces Integration with Avalanche

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As a seasoned crypto investor with a keen interest in staying informed about the latest developments in the space, I’m thrilled to hear about Stripe’s integration with Avalanche (AVAX). This partnership is yet another significant stride towards making crypto more accessible and user-friendly for retail users.

Stripe, a well-known payment processing company, has made a step forward in cryptocurrency by integrating with Avalanche (AVAX). This development allows Stripe to extend its services and now support transactions on Avalanche C-Chain. As a result, retail customers can effortlessly obtain AVAX without going through the complications of using crypto exchanges.

Avalanche Utilizes Stripe’s Fat-to-Crypto Onramp

In my role as a researcher, I’ve come across an exciting development: Avalanche’s native ecosystem wallet and portfolio, Core, has recently implemented Stripe’s onramp. This integration allows me, and other users, to easily and efficiently add funds to our wallets using AVAX and other supported tokens through Stripe’s platform.

Companies can effortlessly fulfill Know-Your-Customer (KYC) and regulatory obligations by leveraging the fraud prevention and identity verification features embedded in the onramp. Individuals, using merely a Gmail or Apple ID, can establish a Core wallet and acquire AVAX via Core’s extension or web app at core.app.

Through this integration, users are now able to utilize a seamless experience with crypto offerings and Decentralized Applications (dApps) including Decentralized Exchanges (DEXs), digital wallets, and Non-Fungible Token (NFT) platforms, all functioning on Avalanche.

With a simple installation of a widget within Core, individuals can effortlessly purchase Avalanche’s native AVAX coin using their debit or credit cards. This transaction process is facilitated by Stripe, ensuring seamless handling of Know Your Customer (KYC) procedures, payments, fraud prevention, and regulatory compliance.

As a researcher studying the Avalanche ecosystem, I’ve come across some exciting developments. Several notable partners have expressed their plans to integrate with Stripe within the Avalanche community. These include GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms.

As a crypto investor, I’m thrilled about John Egan, the Head of Crypto at Stripe, announcing the integration of Avalanche (AVAX) into their onramp. This addition brings me one step closer to easily accessing and engaging with the expanding dApp ecosystem on Avalanche. In line with my goal of making the most out of Web3 technology, I welcome this development that makes it safer and more convenient for everyone to join the crypto world.

I, as a researcher, would describe an Avalanche as a Layer-1 blockchain platform that rivals Ethereum (ETH) by providing an economical and swift solution for developers to construct their projects upon. It is the infrastructure underlying AVAX, the 12th largest digital asset with a market capitalization of $13.2 billion. Currently, AVAX trades above $34.92, resulting in a minor increase of 0.6% within the last day. However, this marginal growth follows an 11% decrease in value over the previous week.

Stripe Making Strides in the Crypto Space

As a researcher, I’d put it this way: Since its inception in 2014, Stripe has been a pioneer in accepting Bitcoin payments among major companies. However, they suspended this service in 2018. Yet, the company remains enthusiastic about cryptocurrencies as a whole.

In a recent development, the company announced plans to start supporting transactions domiciled in Circle’s native stablecoin USD Coin (USDC) beginning this Summer. As Stripe unveiled, all the USDC will initially launch through Ethereum, Solana, and the Polygon blockchain networks.

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2024-04-29 20:46