Stripe will allow users to buy crypto with fiat money

by in Cryptocurrency News

Stripe

One of the founders of the financial technology company Stripe, John Collinson, wrote on his Twitter account about the launch of a new online service. This is a platform that will allow users to buy digital assets and NFT collections for fiat money.

Collinson drew the subscribers' attention to the fact that Stripe management had been discussing ways to implement the new project for a long time. Also, taking the opportunity, the man thanked for the support and help of all the partners who were directly involved in the creation of the service. By the way, such well-known companies as FTX, FTX US, Blockchain.com, Nifty Gateway, and Just Mining became them.

In this context, it is worth noting that users of all of the above companies will also have access to use the application programming interface. Given the versatility in the activities of these firms, now, almost every crypto product or service can be purchased for fiat.

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By the way, speaking about the partners of the service, Tristan Iver, head of the FTX strategic department, also commented on the cooperation with the fintech giant Stripe. The man believes that the jointly developed project will help the crypto derivatives exchange attract many new customers.

“With the help of the new Stripe service, we were able to streamline the payment process. This will make it easier than ever to invest in cryptocurrency, its purchase on FTX will become available to all citizens without exception,” Iver said.

Finally, it is worth adding that in connection with the launch of a service that supports fiat currencies, Stripe announced the release of an NFT collection called “Cube Thingies”. According to available data, the minimum cost of one virtual item is $242, the maximum is $424. The fintech giant said in a press release that all proceeds from the sale of non-fungible tokens will be transferred to the account of the non-profit healthcare organization “Watsi”.