Stripe has partnered with FTX and is returning to the crypto industry after a four-year hiatus to make investing in crypto assets “easier than ever.”
Stripe co-founder John Collison wrote on Twitter that his company supports all types of cryptocurrency businesses, including exchanges, wallets, and NFT trading platforms. “Not just payment transactions, but also payouts, KYC, identity verification, fraud prevention and more,” he wrote.
Stripe said it will assist FTX and its subsidiary FTX.US with payments from users who fund their accounts on the exchange. In addition, Stripe’s responsibilities will include related tasks such as onboarding, customer verification, and operational risk mitigation.
Last fall, Collison said that the company could resume support for cryptocurrencies. In his opinion, new technological developments will be able to improve cryptocurrencies and increase their scalability, and, ultimately, ensure fast and cost-effective transactions.
Source: Bits
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