Stripe integrates Avalanche C-Chain, enables direct AVAX purchases through its platform

Share
this
article

Stripe,
a
leading
financial
infrastructure
platform,
has
expanded
its
services
to
include
support
for
the
Avalanche
C-Chain,
according
to
a
press
release
shared
today.
This
development
allows
retail
users
to
purchase
AVAX,
the
native
token
of
the
Avalanche
blockchain,
directly
through
Stripe
without
the
need
for
crypto
exchanges.

As
noted
in
the
press
release,
Avalanche’s
native
wallet,
Core,
developed
by
Ava
Labs,
has
already
integrated
this
new
feature.
Users
can
now
fund
their
wallets
using
various
payment
methods,
including
ACH
transfers,
debit,
and
credit
cards.

Stripe
noted
that
the
Stripe
onramp
can
be
accessed
through
Core’s
web
extension
or
application.
Users
can
sign
up
using
Gmail
or
Apple
ID.

The
integration
aims
to
solve
the
“cold
start
problem”
many
web3
companies
face
when
users
lack
sufficient
funds
to
transact
on
their
platforms.
Stripe’s
solution
includes
handling
KYC,
payments,
fraud,
and
compliance,
thereby
offering
a
frictionless
entry
point
into
the
Avalanche
ecosystem.

Several
prominent
partners
within
the
Avalanche
ecosystem
have
announced
plans
to
integrate
Stripe’s
onramp,
including
GoGoPool,
Avvy,
Pakt,
zeroone,
Halliday,
The
Arena,
Shrapnel,
and
DeFi
Kingdoms.
This
move
is
expected
to
bridge
the
gap
between
web2
and
web3,
attracting
a
new
segment
of
users
to
the
blockchain
space.

Commenting
on
Stripe’s
integration,
Akash
Gupta,
Director
of
Consumer
Products
at
Ava
Labs,
said
it
aims
to
enhance
Core’s
functionality
and
user
experience.
Ava
Labs
expects
the
integration
to
lower
entry
barriers
and
thus
foster
broader
consumer
adoption of
digital
currencies.

“Core’s
integration
with
Stripe
is
just
another
step
that
underscores
our
dedication
to
providing
users
with
intuitive,
and
streamlined
solutions,”
said
Gupta.”
By
further
bridging
the
gap
between
crypto
and
fiat,
Core
continues
to
pave
the
way
for
seamless
onboarding
and
broader
consumer
adoption
of
digital
currencies
in
everyday
transactions.” 

John
Egan,
Head
of
Crypto
at
Stripe,
also
expressed
enthusiasm
about
the
partnership.
He
remarked:

“We’re
excited
to
add
AVAX
into
our
onramp’s
family
of
supported
networks.
Further
enabling
consumers
to
onboard
into
Avalanche’s
growing
dApp
ecosystem
is
closely
aligned
to
our
goal
of
making
it
safe
and
easy
for
everyone
to
access
the
power
of
Web3.”

Share
this
article

Comments are closed.