Fintech heavyweight from America Stripe has reportedly made major strides towards its crypto efforts, via introducing a service that supports NFTs and digital assets purchases using fiat. 

Specifically, the freshly rolled out application programming interfaces (APIs) from Stripe will reportedly assist fiat-enabled payments for crypto for businesses.

It will reportedly further help provide digital wallets, payout users in fiat, leverage identity and Know Your Customer (KYC) solutions and take advantage of data to discover and block fraudulent transactions.

Stripe co-founder John Collinson reportedly took to Twitter to disclose details of the update on March 11, with the company also forging an alliance with FTX, FTX US, Blockchain.com, Nifty Gateway and Just Mining, to roll out the crypto business suite.

Sharing remarks regarding the newly formed collaboration, FTX’s head of strategy Tristan Yver reportedly highlighted that this development will make it possible for the company to reel in an additional amount of mainstream audience, via releasing a more straightforward approach in terms of crypto buying for users. 

“The optimizations we made in our payments setup with Stripe deliver the smooth on-ramp experience FTX’s growing customer base demands. We’re able to multiply revenue by making it easier than ever for people to invest in crypto.”

As included within the scope of the development, Stripe further introduced an open drop of NFT collectibles, going by the name “Cube Thingies” via Nifty Gateway. 

The cost of the NFTs reportedly falls somewhere between $242.42 and $424.24 individually to mint and all proceeds from the sale will go to nonprofit healthcare tech organization Watsi.

Previously, Stripe released facilitating features for Bitcoin (BTC) in 2014 but made a U-turn on the initiative four years after, with concerns over the network’s slow transaction speeds and fees at the time.