Representatives of the Stripe payment giant report that they will support cryptocurrency companies, exchanges, and NFT trading platforms. As indicated in the Stripe press release, companies can integrate an API to process their payments, both in virtual assets and in fiat.
Sites such as FTX have already signed a partnership agreement with Stripe to improve the efficiency of the KYC procedure. The exchange will also use the so-called Stripe Radar, created on the basis of AI. Thanks to it, you can reduce the risk of fraudulent transactions on the exchange.
Stripe expects that through joint cooperation with exchanges and trading platforms, it will be possible not only to improve the overall infrastructure of the digital economy, but also to reduce the risks of fraudulent transactions.
Stripe assumes that over the next few months, the number of companies and exchanges wishing to form a partnership will grow significantly. Such an initiative is beneficial to all participants of the cryptocurrency market, as it allows them to expand their customer base and increase capitalization.
