<span style="font-weight: 400">In a recent announcement made by its CEO, FTX, one of the top and fastest-growing cryptocurrency exchange companies in the world, announced a cryptocurrency payment partnership with Stripe, a technology company that is creating financial infrastructure for the internet and whose primary products are payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile apps.</span>

[embed]https://twitter.com/SBF_FTX/status/1501966605231837190?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501966605231837190%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptoknowmics.com%2Fnews%2Fwp-admin%2Fpost.php%3Fpost%3D229220action%3Dedit[/embed]

<span style="font-weight: 400">In addition to handling cryptocurrency payments and processing funds for customers who deposit into their FTX account using Stripe, the cryptocurrency company hopes to provide a streamlined onboarding and identity verification procedure for new users looking to join its exchange. Tristan Yver, the Head of Strategy at <a href="https://www.cryptoknowmics.com/news/ftx-launches-institutional-division-and-hires-former-coinbase-executive/">FTX</a>, said,</span>

<span style="font-weight: 400">"We want FTX to become a trusted mainstream brand. We've partnered with Stripe to help us transform what could be unintuitive crypto experiences into ones that exceed consumer expectations,".</span>
<h2><strong>Providing a More Convenient Payment Experience for Cryptocurrency Buyers</strong></h2>
<span style="font-weight: 400">For consumers who wish to acquire cryptocurrency using debit cards and bank transfers, FTX established a new payments arrangement with Stripe in a matter of days using the Stripe platform. </span><span style="font-weight: 400">The crypto exchange company intends to reduce fraud risk by using Stripe Radar, which uses machine learning models to monitor signals such as client data and billing information in order to identify fraudsters from legal consumers, among other things. A smooth onboarding and identity verification flow have also been developed by FTX with the help of Stripe Identity, which is a significant improvement over the prior identity verification procedure, which could take as long as a week.</span>

<span style="font-weight: 400">The news comes shortly after FTX's <a href="https://www.prnewswire.com/news-releases/ftx-continues-global-expansion-with-the-establishment-of-ftx-europe-301496387.html" target="_blank" rel="nofollow noopener">announcement </a>of its expansion into the European economy through its European subsidiary, FTX Europe, by partnering with Tomorrowland, one of the world's major music festivals, to capitalize on Web3, blockchain technology, and cryptocurrency payments.</span>
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<p class="text-justify">Users in the European Economic Area will be able to access FTX's innovative products, including industry-leading derivatives, options, and volatility products, tokenized stocks, and other services and products.</p>

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FTX Partners with Stripe for Payment Processing For Crypto

FTX, one of the biggest crypto exchange companies, partners with Stripe, a technology company creating financial infrastructure, for payment processing.

Kay is a content specialist who has a particular interest in the finance and cryptocurrency industries, among others. He is a frequent contributor to a number of finance and cryptocurrency-related websites, where he offers readers with informative and educational articles on the cryptocurrency and financial markets. Aside from that, he is an avid supporter of blockchain technology.

FTX Partners with Stripe for Payment Processing For Crypto

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