A U.S. fintech company recently announced the launch of a fiat-to-crypto on-ramp, which facilitates fiat-to-crypto payments using "a customizable widget that developers can embed directly into their DEX, NFT platform, wallet, or dApp." According to a blog post, the fintech company "handles all the KYC, payments, fraud, and compliance, removing the need to integrate multiple third-party services." The blog post notes that the fintech company has rolled out support for crypto payouts to 67 countries and has entered into partnerships with several crypto projects, including a blockchain-based music streaming platform, an NFT marketplace and a DeFi wallet provider.
In related news, Bitcoin payments startup Strike recently announced a partnership that will facilitate payments into Africa. The partnership will reportedly enable users to send instant, low-cost transfers to Africa by taking advantage of the Bitcoin Lightning Network, which is a layer-2 payments network built on the Bitcoin Network. According to reports, the feature currently allows U.S. customers to send money to Ghana, Kenya and Nigeria.
In a final recent development, a major U.S. derivatives marketplace and CF Benchmarks, a cryptocurrency index provider, recently announced that they will introduce three new DeFi reference rates and real-time indices for Aave, Curve and Synthetix on Dec. 19. According to a press release, the new benchmarks, "together with Uniswap launched earlier this year ... will capture more than 40% of the total value locked in DeFi protocols on the Ethereum blockchain." The new benchmarks will reportedly use pricing data from several major cryptocurrency exchanges.
For more information, please refer to the following links:
- Crypto Adoption: These Crypto Companies Just Partnered with Fintech Unicorn Stripe For Its Fiat-to-Crypto On-Ramp Solution
- An embeddable and customizable fiat-to-crypto onramp
- Strike partners with Bitnob to facilitate cross-border payments into Africa
- CME Group and CF Benchmarks to Launch Three New DeFi Reference Rates and Real-Time Indices on December 19
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