As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, has announced a new integration.
The AMM revealed an integration with Stripe that will power its new fiat-to-crypto on-ramp, making 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 the blockchain’s standard native SPL tokens, including USD Coin and SOL , with fiat currencies. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools:
The Orca integration marks one of the first blockchain-based integration from Stripe as it continues to venture into the crypto space. Back in March of this year, it announced fiat payment support for cryptocurrencies and NFTs, in addition to partnerships with FTX, FTX US, Blockchain.com, Nifty Gateway and Just Mining to launch a crypto business suite.
