Avalanche C-Chain Network Collaborates with Stripe for Seamless Crypto Purchases

Avalanche C-Chain Network Collaborates with Stripe for Seamless Crypto Purchases

The Avalanche C-Chain network recently partnered with payments firm Stripe, allowing verified Stripe users to purchase Avalanche’s AVAX cryptocurrency and transfer it to their wallets. This integration was announced in a blog post published on April 29 by Ava Labs, developer of the Avalanche network. Additionally, eight Web3 applications in Avalanche integrate with Stripe’s platform.

The blog post explains that Avalanche app developers now have the ability to embed a customizable widget into their interface. This widget allows users to convert fiat currency to cryptocurrency using the Stripe platform. Several applications have already announced integrations with the widget, including the Avalanche Core portfolio app, staking protocol GoGoPool, Avvy username service, social media platform The Arena, NFT marketplace Zeroone, Halliday wallet, web development platform Pact, and blockchain games DeFi Kingdoms and DeFi Kingdoms. Shrapnel.

The integration aims to solve the “cold start problem” in Web3, which occurs when users do not have enough funds in their wallets to initiate transactions on the platform. Stripe will manage KYC (Know Your Customer) procedures, payments, fraud detection and compliance, allowing developers to focus on their applications. The launch of the integration allows Core portfolio users to create Avalanche accounts using their Google or Apple ID and fund them via bank transfers, debit cards or credit cards.

Akash Gupta, head of consumer products at Ava Labs, expressed his belief that this collaboration will lead to global cryptocurrency adoption. “Core’s integration with Stripe is another step that underlines our commitment to providing users with intuitive and streamlined solutions,” He said. “By further closing the gap between crypto and fiat, Core continues to pave the way for seamless adoption of digital currencies in everyday transactions and broader consumer adoption of digital currencies.”