Payments Firms Launch Crypto Products, New DeFi Price Indices Announced – Fin Tech

A U.S. fintech company recently announced the launch of a
fiat-to-crypto on-ramp, which facilitates fiat-to-crypto payments
using “a customizable widget that developers can embed
directly into their DEX, NFT platform, wallet, or dApp.”
According to a blog post, the fintech company “handles all the
KYC, payments, fraud, and compliance, removing the need to
integrate multiple third-party services.” The blog post notes
that the fintech company has rolled out support for crypto payouts
to 67 countries and has entered into partnerships with several
crypto projects, including a blockchain-based music streaming
platform, an NFT marketplace and a DeFi wallet provider.

In related news, Bitcoin payments startup Strike recently
announced a partnership that will facilitate payments into Africa.
The partnership will reportedly enable users to send instant,
low-cost transfers to Africa by taking advantage of the Bitcoin
Lightning Network, which is a layer-2 payments network built on the
Bitcoin Network. According to reports, the feature currently allows
U.S. customers to send money to Ghana, Kenya and Nigeria.

In a final recent development, a major U.S. derivatives
marketplace and CF Benchmarks, a cryptocurrency index provider,
recently announced that they will introduce three new DeFi
reference rates and real-time indices for Aave, Curve and Synthetix
on Dec. 19. According to a press release, the new benchmarks,
“together with Uniswap launched earlier this year … will
capture more than 40% of the total value locked in DeFi protocols
on the Ethereum blockchain.” The new benchmarks will
reportedly use pricing data from several major cryptocurrency
exchanges.

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