Introduction
Web3 companies can now guide customers through Stripe's hosted process for purchasing cryptocurrency. This new offering provides a seamless way for US clients to enter the crypto market while maintaining compliance and security standards.
Two Implementation Options
Stripe currently offers cryptocurrency on-ramps through two distinct methods:
Embedded On-Ramp Solution
(Announced December 2022)- Requires just 10 lines of code for implementation
- Allows full customization of branding and user experience
- Ideal for companies wanting complete control over their interface
Stripe-Hosted On-Ramp Solution
- No coding required for implementation
- Companies can direct customers to Stripe's dedicated page
- Perfect for quick deployment and simplified onboarding
👉 Explore Stripe's cryptocurrency solutions
Benefits for Web3 Adoption
The on-ramp service includes several powerful features:
- Built-in fraud prevention tools
- Identity verification systems
- KYC (Know Your Customer) compliance support
- Optimized conversion and authorization rates
- Payment information storage through Link accounts
James Mudgett, Web3 Product VP at Brave, states:
"We're excited to partner with Stripe as they expand their cryptocurrency offerings. This fiat payment solution will help us reach new Web3 users."
Supported Use Cases
Stripe's hosted solution serves multiple Web3 applications:
| Company | Use Case |
|---|---|
| Brave | Privacy-focused browser with integrated wallet |
| Safe | Ethereum digital asset management platform |
| 1inch | DeFi protocol aggregator |
| Lens Protocol | Decentralized social media platform |
Guillaume Poncin, Stripe's Crypto Engineering Lead, notes:
"Web3 companies can now outsource complex processes like conversion optimization and fraud prevention, allowing them to focus on their unique business value."
Web3 Payment Infrastructure
Beyond on-ramp services, Stripe provides additional cryptocurrency solutions:
- Global fiat currency acceptance
- USDC cryptocurrency payouts
- Fraud reduction systems
- Simplified merchant onboarding
Sergej Kunz, 1inch co-founder, comments:
"Bridging Web2 and Web3 is crucial at this stage. Stripe's experience with leading Web3 companies makes them ideal facilitators."
FAQ Section
Q: Who can use Stripe's hosted on-ramp solution?
A: All Web3 users in the United States, including those previously on waiting lists.
Q: What cryptocurrencies are supported?
A: Currently supports major cryptocurrencies like Ethereum for NFT purchases and other Web3 transactions.
Q: How does Link improve the payment experience?
A: Customers can save payment details for faster checkout across all Link-enabled merchants.
Q: What compliance measures are included?
A: The service incorporates identity verification and KYC requirements to ensure regulatory compliance.
Q: Can companies customize the hosted solution?
A: While less customizable than embedded solutions, it offers brand-consistent experiences with quicker implementation.
👉 Learn more about cryptocurrency integration
Conclusion
Stripe's new hosted on-ramp option significantly lowers barriers to Web3 adoption while maintaining robust security and compliance standards. This expansion demonstrates Stripe's commitment to supporting cryptocurrency infrastructure as digital assets become increasingly mainstream.
For implementation details, visit Stripe's official documentation.