Stripe’s new transactions solution is billed as a customizable widget, which can be directly embedded within different DeFi platforms. As a major payments processor for prominent Web2 companies, such as Apple and Walmart, Stripe’s decision to step further into the crypto world during a time when centralized exchanges are under heightened scrutiny can help DeFi become more accessible to mainstream consumers.
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Stripe enables fiat-to-crypto on-ramp
“It’s extremely difficult to get end users ‘on chain’— that is, to fund their wallets with the crypto required to interface with Web3 applications,” Jennifer Lee, product manager at Stripe, wrote in a blog post.
