NFT Platforms Reap the Rewards as Stripe Debuts Crypto Onramp

Global payment giant, Stripe, has recently launched a new embeddable and customizable fiat-to-crypto onramp for its payments platform. Prompting leading NFT platforms to partner up.

During the second half of 2022, the Stripe devs have worked tirelessly to provide crypto companies access to it’s Global Payments and Treasury Network (GPTN). The onramp is an exciting new widget that developers can embed directly into NFT platforms, wallets, or dapps. It is already proving to be popular with leading NFT platforms and crypto-based applications.

The blockchain-based music streaming platform Audius is now using the widget to help musicians earn revenue. “We’re incredibly excited to introduce monetization into our product with the use of Stripe’s onramp.” – Forrest Browning – Co-founder

Popular multi-chain NFT marketplace of Magic Eden is using the onramp to provide smoother purchases. “We are excited to work with Stripe to debut a fiat payment solution that will allow us to reach new Web3 users.” – Jack Lu – co-founder and CEO

Other partners include not only the gaming-themed NFT marketplace of Fractal, but also Venly, Glow, and  Ultimate.

Currently, the function only works for customers operating within the USA. However, work is already underway to bring this excellent fiat to crypto onramp further afield. 

Source NFT Plazas

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