Stripe, an Irish-American fintech company, has launched a Stripe-hosted fiat-to-crypto onramp, which will simplify the purchase of cryptocurrencies for customers in the US. This solution will help Web 3.0 companies that have been experiencing a cold start problem. Stripe accepts stablecoins like USDC for simple payouts, enabling crypto firms to operate a streamlined onboarding process and reduce their exposure to fraud. Stripe is joining other fintech giants like MoonPay, Transak, and Simplex, which allow users to purchase cryptocurrencies instantly. Web 3.0 companies can redirect their users to purchase crypto on the Stripe-hosted onramp or customize their crypto-purchasing widget on their official website. Fintech companies are gradually making a strategic impact in the crypto space, with digital bank Revolut expanding its service to Brazil and PayPal introducing a new feature that allows users to transfer crypto between the platform and other wallets.

(By Godfrey Benjamin)