Stripe launches Crypto payments Support services

Stripe is launching a range of crypto payments support services to make it easier for customers to onboard web3 and to interact with cryptocurrencies. 

The payment platform, announced a suite of products today aiming to give customers access to tools and APIs that make it easier for customers to buy and store crypto tokens, cash out, trade NFTs and handle compliance workflows like Know Your Customer (KYC). 

John Collison, the co-founder of the company tweeted, “Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more.”

The company’s website reads, “crypto exchanges and on-ramp, allow users in more than 180 countries to deposit funds via dozens of local payment methods. With Connect, payout fiat currencies in 45+ countries.

The latest move is a change of heart after the company has shown a lack of interest in the crypto space. 

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