One of the most valuable fintech startups is ready to make its entrance into the Web3 space; Stripe has finalized partnerships to help its Web3 push
Stripe: Fintech at its finest
Stripe, Inc is one of the most exciting companies globally; it is an Irish-American financial services provider with headquarters in Dublin, Ireland, and San Francisco, United States. Stripe offers Software as a service (SaaS) and spends a considerable amount of its resources on payment processing software, application programming interfaces (APIs) for e-commerce applications, and more.
Stripe is one company that knows how to capitalize on opportunities when they are available, and it has come a long way since its launch in 2009 by the Collison brothers. Growth is paramount to this company, and it has some of the most impressive strategies to help achieve its growth goals. It does not shy away from partnerships and acquisitions, and since its first acquisition in 2013, has not looked back.
On 10 March 2022, Stripe launched its crypto services, allowing businesses to use Stripe as a payment gateway for NFT and Crypto transactions. As part of its new Crypto product, it will offer payout services for Web3 companies, fraud protection, and know-your-customer (KYC).
John Collision, co-founder, shared this tweet regarding its new product; “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.”