Recently named the world’s most innovative company by Fast Company stripenow supports crypto-related businesses. To these crypto exchanges, wallets and NFT including markets.
KYC procedures for FTX and FTX. USA Announcing that it is also partnering with Stripe, the said initiative was announced by the company’s co-founder John Collison:
Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more. https://t.co/3X173SkdPd
— John Collison (@collision) March 10, 2022
Collison was on Twitter to confirm the news, adding that Stripe can facilitate not only crypto payments, but also KYC and authentication, fraud prevention and much more.
Brett Harrison, President of FTX US, said:
We’ve recently overhauled our user onboarding process and partnered with Stripe to bring the automated authentication system to FTX. With the speed of KYC processing, we see that automatic approval rates increase and we have a smoother user experience for our customers.
FTX CEO Sam Bankman-Fried is the related partnership.
Really excited to work with Stripe on payment processing for crypto!
interpreted as.
About Stripe
Founded in 2009 by the Collison brothers, the San Francisco-based financial services company is also responsible for processing payments from tech giants like Amazon and Google.
Stripe, America’s largest venture-backed private company after reaching a valuation of $95 billion last March, also currently supports NFT markets related to art, in-game valuables and membership tokens.