The American company Stripe offers a tool for translating fiat currencies into cryptocurrencies and integrating companies in Web3 for security and convenience.
Stripe is a US payment company with Irish taxes (Dublin headquarters) and provides the ability to send and receive payments online through its software.
Since 2011, the company has been distinguished by its efficiency and security, and not only with regard to KYC.
Today, the payment giant Web3 is forcibly entering, offering a tool capable of converting fiat currencies into cryptocurrencies in a completely flexible way and without third parties.
Stripe explained on his blog that the tool (onramp) will be able to protect incoming and outgoing liquidity from Web3 fraud, will comply with the latest global directives (including Mi.Ca.) and will be on the cutting edge of KYC (know your costumer).
Stripe makes it easy to access the world of cryptography and Web3
The Collison brothers, co-founders of the payment company, confirmed that companies in the crypto world will be able to take advantage of the new tool to give the possibility, for example, to quickly and easily exchange dollars with any cryptocurrency without further steps.
Stripswhich already caters to the largest companies such as Apple and Walmart but also Audius, the market NFT Magic Iden And the cryptocurrency company Argent is so highly regarded on the web that it is used by a large number of companies especially in the e-commerce sector but not only.
The new feature shown can expand the scope of Cryptoworld Bringing it to many users in the world by doing mass adoption of digital currencies that would do a lot of good.
Onramp, as the latest addition from Stripe is called, will be ideal for all blockchain gaming companies that will use the new Stripe widget to provide players with the ability to manage liquidity from online wallets.
The tool can be modified according to the customer’s needs and can be combined with a possible similar product already used in Company X to facilitate the exchanges by making them more secure.
The tool will be a valid support for users of companies that use the blockchain to avoid problems such as the tediousness of creating their own online wallet or the simple purchase of cryptocurrencies of any type from a different exchange.
“It is very difficult today to connect end users, i.e. fund their wallets with the coding required to interact with Web3 applications.”
Among other things, Onramp allows you to save personal and payment-related data as well as the password in clarity, protecting everything with the most advanced security systems.
The weeks we came from were turbulent weeks from the point of view of the markets and it was difficult for the sector to bear, but this instrument managed to give new life at least partially.
The sector has been shaken by another bankruptcy, also successful but not only because of the lack of transparency.
“It has been a challenging few weeks in the crypto ecosystem, however, despite recent events, we remain excited about the underlying prospects for innovation.”
Citing what happened with Ethereum, Stripe’s blog in its latest article on Onramp emphasizes the speed at which technologies are evolving, happening, and improving the cryptocurrency world.
Stripe’s Onramp is a shining example of how technology can synthesize and help everyone in terms of integration and development of new or better markets, in this case opening the doors to the crypto world to a very high number of potential customers.
“Just a few months ago, for example, Ethereum successfully transitioned to a proof-of-stake consensus model, an amazing demonstration of the power of open source development, and many other projects continue to make impressive technical progress.”
This means that Onramp encapsulating the myriad of steps that were previously required to pay cash into cryptocurrency and is now a reality thanks to Stripe is just the beginning of a process that brings Web3 closer to people than ever before.
“Over the past year, we’ve focused on giving cryptocurrency companies access to Stripe’s Global Payments and Treasury Network (GPTN). For example, we’ve partnered with NFT marketplaces like Nifty Gateway for edge and KYC makers and enable them to accept payments for their work. We also help improve GPTN’s cryptographic capabilities. We’ve implemented support for cryptocurrency payments in 67 countries, allowing platforms like Braintrust to pay USDC to contractors around the world. Today we’re announcing an onramp from fiat to crypto for Web3 developers.”
That’s what we read on the blog in the editorial, last year’s journey that gradually led Stripe to the birth of the Unramp.
The program succeeds in achieving the no less ambitious goal of making Web3 accessible to the masses through companies that will choose Onramp as their payments partner.
Designed in California by engineers and programmers at Collison Brothers, the tool is nothing more than a digital currency that simplifies the steps of what was previously very complex and slow.
Onramp is designed to be so versatile that it easily allows developers to integrate it into their DEX platform. NFTsor wallet or dApp in one go.
The program handles every part of Know Your Customer (KYC)the same processes, protection from hacker attacks, all in one practical service.
The tool is so simple to apply to any company even by a novice programmer that it can be easily combined into 10 lines of code that Stripe proudly notes on its blog.
It seems that the new era of online payments has finally arrived and promises to make people forget about the difficulty of having to take multiple steps to switch from fiat currency to cryptocurrency by opening the doors to all potential customers who are still blocked by impractical mechanisms or by a good dose of mistrust.