.FTX_official partners with stripe to smooth the onboarding and process for its customers. mikeybellusci reports.
FTX CEO Sam Bankman-Fried
Crypto exchange FTX has picked payment infrastructure company Stripe to build onboarding and identify verification features., the goal is to make the process of opening and funding FTX accounts a more"seamless" experience for users. Additionally, FTX will deploy"Stripe Radar," which seeks to lessen fraud risk. The application uses machine learning models and other signals to distinguish fraudsters from legitimate customers, according to the Stripe statement.
"The optimizations we made in our payments setup with Stripe deliver the smooth on-ramp experience FTX's growing customer base demands," said Tristan Yver, FTX.US' head of strategy. FTX.US President Brett Harrison said the company is already seeing far faster speeds of know-your-customer processing, higher rates of automated approvals,and an overall improved user experience for customers.Thursday that the company now supports crypto businesses including exchanges, on-ramps, wallets and NFT marketplaces. “Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more,” he tweeted.
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