Stripe announced a new partnership this week with FTX and FTX US (the company’s stateside-regulated affiliate) to “build a seamless onboarding and identity verification flow for users joining the [cryptocurrency] exchange,” as well as to support the ability for users to pay and manage crypto funds within their FTX accounts. In short: Businesses can start accepting Bitcoin via Stripe services.
To bolster security, the companies are also employing Stripe’s “Radar” technology that is already integrated with the rest of Stripe services. According to the press release, Radar employs machine learning, utilizing customer details like billing information to both prevent fraud attempts and more accurately ID users. Stripe’s new Crypto Use Cases site also touts the ability of users in over 180 countries to deposit funds into FTX accounts. And, before you ask — yes, NFTs are most definitely mentioned.
