Solana-based market maker integrates Stripe for fiat-crypto transactions
The Solana-based automated market maker Orca opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe’s onramp. As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, announced a new integration. The AMM revealed a new Stripe integration which will power its fiat-to-crypto onramp, to make decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases, along with fiat-to-crypto transactions. Users can now purchase SPL tokens, which include USD Coin (USDC) and Solana (SOL) with fiat currencies. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools. “With this new integration, we hope to make participating in the DeFi ecosystem even more accessible to the entire Solana community." The Orca Integration marks one of the ...