Stripe Payment Platform Now Integrated With Avalanche (AVAX)

Stripe is integrated with Avalanche. (Photo; Doc. Crypto Economy)

JAKARTA - Stripe, a payment platform, has taken significant steps by announcing integration with Avalanche (AVAX). This integration opens the door for retail users to obtain AVAX directly, without the need to engage in the complexity of crypto exchanges, promising convenience and unprecedented accessibility.

Avalanche, known for its speed and scalability, has become a popular choice among developers looking for alternatives to Ethereum. With Stripe integration, Avalanche leverages fiat-to-crypto onramps to make it easier for users to fund their wallets with AVAX and other supported tokens.

This Onramp, which is integrated into Avalanche's original ecosystem wallet, and portfolio, developed by Ava Labs, offers a direct and efficient method with powerful fraud prevention and identity verification tools, ensuring compliance with your Know-Your Subscription (KYC) requirements.

By simply using Gmail or Apple ID, individuals can easily create a Core wallet and purchase AVAX through a Core extension or web app on core.app. This allows users to plunge into Avalanche's growing dApp ecosystem, including Decentralized Exchanges (DEXs), digital wallets, and Non-Fungible Tokens (NFT) platforms.

Stripe Optimism

Stripe, which has been a market leader since 2021, is known as one of the first major companies to accept Bitcoin payments in 2014. Although the service was discontinued in 2018, Stripe remains "very optimistic about crypto as a whole" and has now announced plans to support transactions domiciled in the original Circle stablecoin, USD Coin (USDC), which will launch via the Ethereum blockchain network, Solana, and Polygon starting this summer.

John Egan, Head of Crypto at Stripe, expressed his joy at this integration, saying, "We are pleased to add AVAX to our onramp-backed family network. Helping more consumers enter Avalanche's fast-growing dApp ecosystem is related to our goal of making it safe and easy for everyone to access Web3 power."

Avalanche is a blockchain Layer-1 network that competes with Ethereum by offering low-cost and fast blockchains for developers to build on it. AVAX, the 12th largest digital asset with a market cap of $13.2 billion, has shown stable growth. At the time of writing, AVAX traded above $34.92 (approximately IDR 567,430), representing an increase of 0.6% in the past day, despite a decline of 11% in the past week.