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Payments processing company Stripe announced a so-called “fiat-to-crypto on-ramp” to make payments easier for Web3 companies.
The service, which crypto companies can use to let their customers exchange dollars for crypto, will also handle fraud, compliance, and know-your-customer checks.
Stripe said blockchain-based gaming companies could use Stripe’s new widget to onboard players and let them add money to wallets. It is a seamless checkout experience, optimized for conversion, allowing for instant settlement of crypto.
The new onramp is customizable widget developers can embed directly into their DEX, NFT platform, wallet, or dApp. Consistent with Stripe’s focus on simplicity and developer experience, it can be integrated with just 10 lines of code:
The on-ramp will also help the customers of blockchain-based companies avoid some of the headaches that come with crypto. “It’s extremely difficult to get new end users ‘on chain’— that is, to fund their wallets with the crypto required to interface with Web3 applications.” wrote Stripe in their blog.
Companies like blockchain-based music streaming platform Audius, NFT marketplace Magic Eden, and crypto wallet company Argent are already using the onramp, Stripe said.
“Despite recent events, we remain excited about the underlying prospects for innovation.”
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The service, which crypto companies can use to let their customers exchange dollars for crypto, will also handle fraud, compliance, and know-your-customer checks.
Stripe said blockchain-based gaming companies could use Stripe’s new widget to onboard players and let them add money to wallets. It is a seamless checkout experience, optimized for conversion, allowing for instant settlement of crypto.
The new onramp is customizable widget developers can embed directly into their DEX, NFT platform, wallet, or dApp. Consistent with Stripe’s focus on simplicity and developer experience, it can be integrated with just 10 lines of code:
The on-ramp will also help the customers of blockchain-based companies avoid some of the headaches that come with crypto. “It’s extremely difficult to get new end users ‘on chain’— that is, to fund their wallets with the crypto required to interface with Web3 applications.” wrote Stripe in their blog.
Companies like blockchain-based music streaming platform Audius, NFT marketplace Magic Eden, and crypto wallet company Argent are already using the onramp, Stripe said.
“Despite recent events, we remain excited about the underlying prospects for innovation.”
#sponsorship6 #underlying5 #decentralized7 #sponsorship5 #applications6 #decentralized2 #applications5 #innovation6 #sponsorship4 #sponsorship3 #sponsorship2 #decentralized1 #applications4 #applications3 #confidential4 #confidential3 #decentralized0 #decentralized6 #conversion #applications2 #settlement #sponsorship1 #simplicity1 #knowyourcustomer #innovation5 #innovation4 #innovation3 #confidential2 #simplicity0 #decentralized #confidential1 #innovation9 #confidential0 #sponsorship0 #underlying4 #simplicity #innovation8 #innovation2 #innovation7 #underlying3 #applications1 #underlying2 #applications0 #innovation1 #innovation0 #underlying9 #applications #underlying1 #decentralized5 #applications9 #decentralized4 #underlying0 #underlying8 #applications8 #innovation #underlying #underlying7 #sponsorship9 #sponsorship8 #sponsorship7 #confidential9 #underlying6 #confidential8 #applications7 #confidential8 #confidential #confidential7 #innovation8 #decentralized9 #confidential6 #confidential5 #sponsorship #decentralized8 #decentralized3 Read more
Apple Blocks Coinbase Wallet App From Sending NFTs Due To In-App Purchase Dispute
NFT and cryptocurrency app Coinbase Wallet today said that Apple required an NFT-sending feature to be removed from the app due to an in-app purchase dispute.
Apple's App Store review team reportedly told Coinbase that the "gas fees required to send NFTs need to be paid through in-app purchase."
Apple wanted a percentage of the transactions. Coinbase Wallet replied Apple is asking for something that is not possible, because the in-app purchase system does not support cryptocurrency tokens.
Coinbase Wallet says that Apple would not approve an app update until the NFT-sending feature was disabled.
The removal of the functionality will make it more difficult for iPhone users who have an NFT to transfer the NFT to other wallets or gift an NFT to friends or family.
Developers behind the app say that Apple has introduced profit-protecting policies that come at the expense of "developer innovation across the crypto ecosystem."
Coinbase Wallet is hoping that this is a mistake and has tweeted an invitation to Apple to discuss the matter.
#confidential1 #confidential6 #bulletins #confidential5 #cryptocurrency6 #confidential0 #nonfungibletoken #sponsorship4 #confidential4 #cryptocurrency5 #innovation #cryptocurrency4 #functionality9 #cryptocurrency #sponsorship3 #cryptocurrency3 #functionality4 #functionality8 #cryptocurrency2 #sponsorship2 #functionality3 #cryptocurrency1 #functionality #sponsorship0 #functionality7 #functionality2 #confidential9 #functionality1 #functionality0 #invitation #cryptocurrency9 #functionality6 #protecting #cryptocurrency0 #cryptocurrency8 #functionality5 #confidential3 #confidential2 #cryptocurrency7 #confidential #sponsorship1 #confidential8 #confidential7 #sponsors #sponsorship Read more
NFT and cryptocurrency app Coinbase Wallet today said that Apple required an NFT-sending feature to be removed from the app due to an in-app purchase dispute.
Apple's App Store review team reportedly told Coinbase that the "gas fees required to send NFTs need to be paid through in-app purchase."
Apple wanted a percentage of the transactions. Coinbase Wallet replied Apple is asking for something that is not possible, because the in-app purchase system does not support cryptocurrency tokens.
Coinbase Wallet says that Apple would not approve an app update until the NFT-sending feature was disabled.
The removal of the functionality will make it more difficult for iPhone users who have an NFT to transfer the NFT to other wallets or gift an NFT to friends or family.
Developers behind the app say that Apple has introduced profit-protecting policies that come at the expense of "developer innovation across the crypto ecosystem."
Coinbase Wallet is hoping that this is a mistake and has tweeted an invitation to Apple to discuss the matter.
#confidential1 #confidential6 #bulletins #confidential5 #cryptocurrency6 #confidential0 #nonfungibletoken #sponsorship4 #confidential4 #cryptocurrency5 #innovation #cryptocurrency4 #functionality9 #cryptocurrency #sponsorship3 #cryptocurrency3 #functionality4 #functionality8 #cryptocurrency2 #sponsorship2 #functionality3 #cryptocurrency1 #functionality #sponsorship0 #functionality7 #functionality2 #confidential9 #functionality1 #functionality0 #invitation #cryptocurrency9 #functionality6 #protecting #cryptocurrency0 #cryptocurrency8 #functionality5 #confidential3 #confidential2 #cryptocurrency7 #confidential #sponsorship1 #confidential8 #confidential7 #sponsors #sponsorship Read more
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Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
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Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Upvoted by Greg and 8 others
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Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
Upvoted by Brian and 4 others
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Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
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Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
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Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
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Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
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Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
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Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
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Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
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