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Internet payment processor Stripe has introduced a fiat-to-crypto onramp to address the "cold start problem" faced by Web3 companies as a result of customers not having “crypto in their wallets to carry out transactions.”According to a May 4 statement, Stripe’s newly launched fiat-to-crypto onramp – which will be hosted by
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The Stripe-hosted onramp was created with Web3 companies in mind. It is designed to cater to their varied use cases. Stripe, a financial infrastructure provider for businesses, has launched a fiat-to-crypto onramp to make it easier for Web3 companies to help their US-based clients to buy cryptocurrency. According to a Thursday
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Users of mobile payments service Venmo will soon be able to buy cryptocurrencies and send them to other Venmo users or external wallets beginning in May, according to an April 28 announcement from PayPal executive Jose Fernandez da Ponte. PayPal is the parent company of Venmo.Dropping in to announce a
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The launch of "Robinhood Connect," a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27.Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBAA low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO— Robinhood (@RobinhoodApp) April
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The offering, a customizable widget that can be embedded directly into a DEX, NFT platform, wallet or decentralized app (dApp), is designed to allow customers to instantly purchase cryptocurrencies in Web3 apps. Eleven of the company's initial 16 projects are built on Solana. Stripe offers customizable on-ramping services and handles
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Ramp, a fiat-to-crypto company, has announced it has raised $70 million as part of its Series B funding round. The round was co-led by Mubadala Capital and Korelya Capital, with Balderton Capital and Cogito Capital participation. The company explained that these funds would allow it to improve its app further
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Cryptocurrency exchange Binance has set up its own fiat-to-crypto payments provider Bifinity to help businesses become "crypto-ready." Original Source
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On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours Non-fungible token (NFT) assets have been
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Abra is expanding its cryptocurrency marketplace to dozens more countries through partnerships with four fiat-to-crypto gateways.The Silicon Valley-based crypto banking services firm is now available in over 150 countries (previously it only served about 40) stemming from deals with Simplex, Moonpay, Banxa and Transak.In an email to CryptoX, Abra CEO
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BTC Direct said it plans to use the funds to expand its workforce and develop new products, among other things. Source
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