Avalanche Integrates With Stripe, Making It Easier To Add Funds To Core Wallet And Buy Crypto

Updated: 30 April 2024

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Avalanche has integrated with fintech giant Stripe to make it easier for consumers to add funds to the ecosystem’s native Core wallet.

By integrating with Stripe’s onramp, “users have more ways to purchase assets on the Avalanche blockchain,” the company said in a statement.

Core users are now able to add funds to their wallets using “ACH, debit, and credit cards,” Avalanche added.

Investors Can Purchase AVAX Without An Exchange Platform

Stripe’s fiat-to-crypto onramp widget has been embedded into Avalanche’s decentralized applications (dApps) as well, the statement said. Customers in the US can therefore easily interact with decentralized exchanges, NFT platforms and other Web3 wallets on the network.

Avalanche’s connection with Stripe means that Core users are also able to purchase AVAX without the need for an exchange platform to facilitate the transaction.

Stripe's expansion into crypto continues, today integrating Avalanche & Core to provide easier access to Web3

🔺US users can purchase $AVAX directly thru Stripe without using an exchange

🔺Avalanche apps can embed Stripe’s onramp via customizable widget https://t.co/NIBEfQUWuP

— Avalanche 🔺 (@avax) April 29, 2024

“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,” said Akash Gupta, head of consumer products at Ava Labs.

Partnership With Avalanche Is “Closely Aligned” With Stripe’s Goals

Stripe believes that its partnership with Avalanche is “closely aligned” with the fintech company’s goals. More specifically, it fits with Stripe’s aim of “making it safer and easier for everyone to access the power of web3,” Stripe’s head of crypto John Egan said.

Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist https://t.co/hws2OsU3Id and watch the demo (h/t @Solana) from Sessions. pic.twitter.com/zGKYW2FM6i

— John Collison (@collision) April 25, 2024

This partnership comes after Stripe announced that it will be re-entering the crypto arena by adding support for USD Coin (USDC) transactions. Originally offering support for Bitcoin, the company had discontinued its BTC offering after citing the crypto’s volatility as a cause for concern.

The price of Avalanche’s AVAX token responded positively to the announcement. In the last 24 hours, the crypto’s price jumped more than 4% to trade at $34.37 as of 4:25 a.m. EST.