- The popular payment platform now allows customers to buy AVAX directly.
- Users may finish their AVAX transactions without using the intricate services of exchanges.
In its pursuit of expanding its crypto footprint, financial service provider Stripe has signed a strategic relationship with blockchain network Avalanche.
Taking to X, Avalanche announced the major integration with Stripe, saying that the popular payment platform now allows customers to buy AVAX directly. Importantly, these users may finish their AVAX transactions without using the intricate services offered by a cryptocurrency exchange.
Recently, industry insiders dropped hints that Stripe would bring back cryptocurrency payments this summer, with the USDC stablecoin linked to the US dollar and running on the Solana, Ethereum, and Polygon blockchains serving as a springboard. Stripe co-founder John Collison claims that the return of cryptocurrency settlements has greatly improved the service the company provides to its customers.
Streamlined Process
The ground-breaking fiat-to-crypto onramp developed by Stripe has been implemented into Avalanche’s ecosystem, namely its Core wallet, as a component of its new partnership with Avalanche. Users have a number of options for funding their wallets, including ACH transfers, debit/credit cards, and more.
Most of these functions were implemented by Avalanche and Stripe via the integration of a user-configurable widget into DEXes, NFT platforms, and digital wallets developed by Avalanche.
Users who are interested in creating a Core wallet will just have to fill out basic authentication forms, such as those for Gmail or Apple ID. Following that, using the Core extension or web app to purchase AVAX is a breeze using Stripe. Note that this integration takes on the problem of initial funding that new users often face when trying to join the Web3.0 ecosystem.
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