Ava Labs, the network’s developer, announced on their blog on April 29 that the Avalanche C-Chain network has linked with payment company Stripe, enabling verified Stripe users to purchase Avalanche’s AVAX and send it to their wallets.Additionally, the platform has eight integrated Avalanche Web3 apps.According to the post, Avalanche app developers can now incorporate a widget that can be customized into their user interfaces, enabling customers to use Stripe’s infrastructure to convert cash to cryptocurrency.
Eight apps—the Avalanche Core portfolio app, the GoGoPool staking protocol, the Avvy username service, the social media platform The Arena, the Halliday wallet, the nonfungible token (NFT) marketplace Zeroone, the web development platform Pakt, and the blockchain games DeFi Kingdoms and Shrapnel—have already declared their intention to integrate the widget.
According to the post, the integration aims to address Web3’s “cold start problem,” which arises when “customers don’t have enough funds in their wallets to carry out transactions on the platform.”Stripe will take care of “all the KYC, payments, fraud, and compliance” in order to resolve this problem and free up the developer to concentrate on the app itself.Upon launch, the interface enables users of Core portfolio to finance Avalanche accounts with debit, credit, or bank transfers by using their Google or Apple IDs.Head of Ava Labs’ consumer products Akash Gupta expressed his belief that the integration will contribute to a global rise in the use of cryptocurrencies, pointing out.
“Core’s integration with Stripe is just another step that underscores our dedication to providing users with intuitive and streamlined solutions. By further bridging the gap between crypto and fiat, Core continues to pave the way for seamless onboarding and broader consumer adoption of digital currencies in everyday transactions.”
Additionally, on April 25, Stripe declared that it would be incorporating Circle’s USD Coin for stablecoin payments on Solana, Ethereum, and Polygon.