Payments company based in San Francisco Bandaged announced on Thursday that it is rolling out a service that makes it easier for Web3 businesses to accept payments in cryptocurrencies like Bitcoin BTC/USD.
What happened: According to Stripe, it offers a widget, which can be integrated directly into a decentralized exchange (DEX), non-fungible token (NFT), wallet or decentralized applications (Dapps), which will allow customers to instantly buy cryptocurrencies in Web3 Applications.
Learn more: Best Crypto Apps
Stripe said it will handle know-your-customer (KYC), payments, fraud, and compliance issues. “We built our fiat-to-crypto onramp to remove [logistical] complexity,” the company wrote in a blog post.
The first platform to use Stripe’s payments is Audius, a decentralized music discovery platform, which allows users to pay with their credit cards to buy AUDIO tokens to tip their favorite artists.
Stripe has strengthened its partnerships with cryptocurrency companies over the past year, enabling better support for crypto payments in 67 countries and enabling businesses to send USDC USD/USD payments to individuals and businesses around the world.
price action: As of this writing, BTC is trading below $17,000, down 1% in the last 24 hours, according to Benzinga Pro.
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