Avalanche Partners with Stripe for Easier Crypto Purchases

Avalanche partners with Stripe to simplify buying crypto. Users can now purchase crypto directly within Avalanche apps using familiar payment methods.

Payment company Stripe has integrated with the Avalanche C-Chain network, enabling verified Stripe users to purchase Avalanche’s AVAX.

 And transfer it to their accounts, according to a blog post published on April 29 by Ava Labs, the network’s developer. Eight Avalanche Web3 applications have been incorporated into the system as well. 

As stated in the post, Avalanche app developers can now incorporate a customizable widget into their user interfaces, enabling fiat-to-cryptocurrency conversions via Stripe’s platform. 

The Avalanche Core portfolio app, the staking protocol GoGoPool, the Avvy username service, the social media platform The Arena, the nonfungible token (NFT) marketplace Zeroone, the Halliday wallet, the web development platform Pakt, and the blockchain games DeFi Kingdoms and Shrapnel have all already declared their intention to integrate the widget.

According to the post, the integration addresses the “cold start problem” in Web3, which arises when “customers lack sufficient funds in their wallets to conduct transactions on the platform.

” By handling “all the KYC, payments, fraud, and compliance,” Stripe will resolve this issue, allowing the developer to concentrate on the app. The integration will enable Core portfolio users to fund Avalanche accounts with bank transfers, debit or credit cards, or Google or Apple IDs at launch. 

Head of consumer products at Ava Labs, Akash Gupta, stated that he believes the integration will contribute to the global expansion of cryptocurrency adoption, noting:

“Core’s integration with Stripe is just another step that underscores our dedication to providing users with intuitive and streamlined solutions. By further bridging the gap between crypto and fiat, Core continues to pave the way for seamless onboarding and broader consumer adoption of digital currencies in everyday transactions.”

On April 25, Stripe also intended to incorporate stable coin payments by utilizing Circle’s USD Coin USDC. 

$1.00 regarding Solana, Polygon, and Ethereum.