Stripe’s new crypto tools and application programming interfaces (APIs) enable businesses to accept fiat deposits for crypto and payout to users in local fiat currencies. The company also offers know your customer (KYC) solutions and other fraud prevention tools to crypto firms.
Back in 2018, Stripe ended its services allowing users to pay in Bitcoin. (Strike, a company with a similar name, ended up filling that niche.) Now, Stripe’s return to crypto comes five months after it announced that it was hiring a team to develop Web3 payment services in October last year.