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NFT Platforms Profit from Stripe’s Cryptocurrency On-Ramp

NFT Platforms Profit from Stripe's Cryptocurrency On-Ramp

Stripe, a worldwide payment platform, has just introduced an embeddable and customizable fiat-to-cryptocurrency gateway for its payments platform. Principal NFT platforms are cooperating.

In the second half of 2022, Stripe developers labored intensively to give crypto companies access to its Global Payments and Treasury Network (GPTN). The onramp is an innovative new widget that developers may directly incorporate into NFT platforms, wallets, or decentralized applications. It is already well-known among popular NFT platforms and crypto-based applications.

Audius, a blockchain-based music streaming network, is now employing the widget to assist musicians in generating revenue. We are thrilled to include monetization into our product by utilizing Stripe’s onramp. – Collaborator Forrest Browning

Popular multi-chain NFT marketplace Magic Eden is employing the onramp to enable purchases. “We are happy to be partnering with Stripe to develop a fiat payment solution that will allow us to attract more Web3 customers.” – Jack Lu, co-founder and CEO

Other partners include Venly, Glow, and Ultimate, as well as the gaming-themed NFT marketplace Fractal.

Currently, this capability is only available to American consumers. However, efforts are already underway to increase the reach of this excellent fiat-to-cryptocurrency gateway.

About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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