You can be on Entrepreneur’s cover!

Stripe Launches Fiat-to-Crypto Payment for Businesses in Web3 Stripe offers more support for crypto payouts to 67 countries by expanding partnerships with crypto companies, enabling companies to transact through USDC all over the world

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Payment firm Stripe on Thursday launched a project to enable fiat-to-crypto payment for Web3 companies in countries all over the world.

"The onramp is a customizable widget that developers can embed directly into their DEX, NFT platform, wallet, or dApp. Stripe handles all the KYC, payments, fraud, and compliance, removing the need to integrate multiple third-party services," said the company in a blog.

According to the company, eleven of the company's initial 16 projects are built on Solana. The company handles KYC (know-your-customer), payments, frauds and compliance issues as well as offering customizable on-ramping services.

Stripe offers more support for crypto payouts to 67 countries by expanding partnerships with crypto companies, enabling companies to transact through USDC all over the world.

A blockchain-based music streaming platform, Audius, is using the onramp to enable musicians to earn revenue on the platform.

"We're incredibly excited to introduce monetization into our product with the use of Stripe's onramp. The industry was in dire need of a cheap, customizable crypto onramp, and we finally have the product we're looking for," said Forrest Browning, co-founder, Audius.

Orca is another project using Stripe's on-ramping widget. Orca is a Solana-based decentralized exchange that will enable users to make fiat purchases for tokens such as USDC and SOL.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Leadership

Organized Labor Disputes Are on the Rise. Here's Why Leaders Should Pay Attention

Any broad shift in dynamics between workers and management has implications for the present and future of employment in the United States. A deeper understanding of the forces at work could be valuable for a variety of businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Management

HR Could Be Withholding The Critical Data You Need to Boost Retention and Drive Results. Here's How to Take Control and Gain Access

To get people data into the hands of managers so they can use it to drive business results, companies must break down barriers between HR and the rest of the organization

Making a Change

Invest in Professional Development with 1,000+ Courses for an Extra 20% Off

Get lifetime access to StackSkills Unlimited and save more than $500 off for a limited time.

Business News

Those Super Bowl Dunkin' Tracksuits Still Haven't Shipped: 'Communication Has Been Nonexistent'

The tracksuits sold out on the day of Super Bowl LVIII in February.

Leadership

3 Reasons Employees Are 'Quitting Your Leadership' and Becoming Less Productive, According to a Senior People Scientist

Heather Walker, senior people scientist at employee experience platform Culture Amp, breaks down the current workplace reality.