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BlockFi Selects Stripe for Global Payments Platform Integration
Published, 31 October, 2022
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Integration simplifies the client experience, allowing for real-time funding for all BlockFi products and services
JERSEY CITY, N.J., October 31, 2022 – BlockFi, a global crypto financial services company, announced today its selection of Stripe, a technology company building financial infrastructure for the internet, to build fiat-to-crypto solutions for BlockFi’s platform. This integration will allow for BlockFi clients to purchase stablecoins (GUSD) to fund their BlockFi account with a personal debit card. BlockFi has chosen Stripe as its exclusive provider because of their track record of providing best-in-class client experiences that will fuel BlockFi’s expansion.
With this integration, BlockFi’s “Global Payments Program” will introduce instant funding, improving the overall experience for BlockFi’s client base. The offering will begin beta testing today, Monday, October 31, and will be rolling out to more clients over the next several weeks.
The broader launch to new non-US clients will be available by the end of 2022.
“What was once a multi-step, multi-day process involving several parties will now be streamlined, making engaging with BlockFi simpler and furthering financial inclusion in the crypto ecosystem. Our team has worked tirelessly to improve the client experience, and we are proud to be in the company of other major crypto players diving into this space. We’re excited to collaborate with a premier fintech leader like Stripe, who can support the scale and speed of the crypto ecosystem and who shares our mission to elevate crypto financial services for a more prosperous world,” Shannon Allmon, General Manager of Retail at BlockFi.
For more information, please read BlockFi Help Center Article.
About BlockFi
BlockFi is a new breed of financial services company. Founded in 2017 by Zac Prince and Flori Marquez, BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors. Learn more here: https://blockfi.com/
Disclaimer: This blogpost is for informational purposes only and is not investment advice. Information contained herein has been compiled by BlockFi from sources believed to be reliable, but no representation or warranty, express or implied, is made as to its accuracy, completeness or correctness.
Nothing contained herein should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This information is not directed to any person in any jurisdiction where the publication or availability of the communication is prohibited, by reason of that person's citizenship, residence or otherwise. Nothing contained herein is to be construed as BlockFi or any of its affiliates or representatives providing legal, tax, investment, financial or accounting advice. You should consult your own legal and/or tax advisors before making any financial decisions. The information contained herein, unless otherwise stated, are the property of (and all copyright shall belong to) BlockFi. You are prohibited from duplicating, abbreviating, distributing, replicating or circulating this information or any part thereof without the prior written consent of BlockFi.
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Last updated on October 28th, 2022
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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
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See blockfi.com/terms for more information.
2022 © All Rights Reserved.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.