A single innovation to make crypto payments mainstream.
This bit of news gets us all tingly inside.
Because, not only is it a cool innovation, but the company behind it powers ~20% of all online payments.
Stripe has just announced "an embeddable and customizable fiat-to-crypto onramp."
Companies use a little piece of code provided by Stripe to create a widget, customize it to look however they like; et voilà, users can convert their $, £, ¥ (etc.), into crypto.
It's designed to allow customers to instantly purchase cryptocurrencies within decentralized apps (dApps).
They're going to handle all the know-your-customer (KYC), payments, fraud and compliance issues...
(Pretty much all the hard stuff related to payments).
So companies can focus on building great applications for users.
Not only does this have the potential to onboard more people into the world of Web3, but it could push companies to look for more innovative ways to integrate crypto into their apps too.
Very exciting!