Avalanche Network Integrates with Stripe for Fiat-to-Crypto Conversions

Avalanche C-Chain network has integrated with payment firm Stripe, allowing verified users to buy Avalanche AVAX and send it to their wallets. Eight Avalanche Web3 apps have also been integrated with the platform, enabling users to convert fiat to crypto via Stripe’s platform. The integration aims to solve the “cold start problem” in Web3 by handling KYC, payments, fraud, and compliance, allowing developers to focus on the app itself. Stripe also announced the integration of stablecoin payments using Circle’s USDC on Solana, Ethereum, and Polygon.

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Stripe Expands Services to Include Support for Avalanche C-Chain Integration

Stripe has expanded its services to include support for the Avalanche C-Chain, allowing retail users to purchase AVAX directly through Stripe without the need for crypto exchanges. The integration aims to solve the “cold start problem” for web3 companies and is expected to bridge the gap between web2 and web3, attracting a new segment of users to the blockchain space. Several prominent partners within the Avalanche ecosystem have announced plans to integrate Stripe’s onramp, further enabling consumers to onboard into Avalanche’s growing dApp ecosystem.

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