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Stripe Embraces Crypto and NFTs, Launches Payment Method Services

Stripe has returned to crypto with the announcement of its new payment services. FTX and FTX.US have signed on with the payments giant.

Financial Services company Stripe has once more opened its arms to crypto. The global payments giant launched its crypto services today which would offer businesses the ability to use Stripe as a payment method for any crypto or NFT transactions. The payments giant also offers payout services for Web3 companies, too, not to mention KYC or know-your-customer, as well as fraud prevention.

John Collison, who acts as the company’s co-founder, tweeted the news on Thursday, wherein he highlighted the various ways in which Stripe plans to support Web3 companies with its crypto APIs, which is the interface that companies use to protect Stripe’s platform.

At the moment, Stripe’s crypto services are available only to businesses situated in the U.S., the U.K., and the EU, or European Union. The NFT services provided by Stripe for marketplaces are supported in these regions, and also in Japan.

In order to facilitate its Web3 services, Stripe made an announcement regarding the deals it has in place with FTX, FTX U.S. Nifty Gateway, Just Mining, and Blockchain.com.

In addition to that it has also launched Cube Thingies, its own NFT collection, as part of the announcement made today. The proceeds will be sent to healthcare nonprofit Watsi.

Stripe had shut down services that would allow users to pay in Bitcoin, back in 2018. Stripe’s return to crypto comes just 5 months after it has announced it was recruiting a team in order to develop a Web3 payment service in October 2021.

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