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Fortune
Fortune
Marco Quiroz-Gutierrez

Payments giant Stripe jumps into Web3 with tool that helps companies turn cash to crypto

Stripe cofounders (Credit: David Paul Morris—Bloomberg via Getty Images)

Payments processing company Stripe on Thursday announced a so-called “fiat-to-crypto on-ramp” to make payments easier for Web3 companies.

The service, which crypto companies can use to let their customers exchange dollars for crypto, will also handle fraud, compliance, and know-your-customer (KYC) checks, according to a company blog post.

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