FTX Token(FTT) New partnership with Stripe

On March 10th, 2022, Stripe announced that it has formed a partnership with FTX. According to John Collison, co-founder of Stripe, Stripe now supports crypto businesses with exchanges, on-ramps, wallets, and NFT markets. Through the partnership with FTX, Stripe will offer some of its features including:

Powering a better payment experience for buying crypto

With Stripe, FTX will allow users to purchase cryptocurrencies with debit cards and Automated Clearing Houser (ACH) transactions directly from their bank.

FTX will also use Stripe Radar to mitigate fraud risk. Radar uses machine learning models and signals including customer details and billing information to distinguish fraudsters from legitimate customers. This enables FTX to accept as many legitimate transactions as possible, generating additional revenue with no extra effort.

Replacing slow, manual identity verification with real-time, automated approvals

Stripe Identity is a service that allows online businesses to easily verify the identity of its users by requesting a photo of their government ID and a live selfie, which Stripe’s advanced machine learning then matches to the ID. By bringing Stripe's automated ID verification system to FTX, new crypto investors can easily prove who they are and reduce the number of rejections.

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