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In a move towards crypto expansion, Stripe, a popular payment processing firm has announced a recent integration with Avalanche (AVAX). With the integration, Stripe has expanded its offering to include support for Avalanche C-Chain, introducing a seamless path for retail users to acquire AVAX directly, without dealing with the hassles of crypto exchanges.

Avalanche Utilizes Stripe’s Fat-to-Crypto Onramp As revealed in a blog post, Core, Avalanche’s native ecosystem wallet and portfolio developed by Ava Labs has already integrated Stripe’s onramp. Stripe’s onramp provides a direct and efficient method for users to fund their wallets with AVAX and other supported tokens.

The onramp has built-in fraud prevention and identity verification tools to help companies meet Know-Your-Customer (KYC) and compliance requirements. With just a Gmail or Apple ID, individuals can create a Core wallet and purchase AVAX through Core’s extension or web app at core.app.

As a result of this integration, users can now access streamlined crypto products and Decentralized Applications (dApps) such as Decentralized Exchanges (DEXs), digital wallets, and Non-Fungible Tokens (NFT) platforms running on Avalanche.

Anyone can buy Avalanche’s native AVAX coin using debit or credit cards through the help of a widget that will be installed in Core. According to the announcement, Stripe will take care of all issues relating to KYC procedures, payments, fraud, and compliance.

Several prominent Avalanche ecosystem partners have already signaled their intention to integrate with Stripe, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms.

John Egan, Head of Crypto at Stripe commented on the integration stating, “We’re excited to add AVAX into our onramp’s family of supported networks. Further enabling consumers to onboard into Avalanche’s growing dApp ecosystem is closely aligned with our goal of making it safe and easy for everyone to access the power of Web3.”

Avalanche is a Layer-1 blockchain network, competing with Ethereum (ETH) by offering a cheap and fast blockchain for developers to build upon. It is the network behind AVAX, the 12th largest digital asset with a market cap of $13.2 billion. As of the time of writing, AVAX is trading above $34.92, representing an increase of 0.6% in the past day. This nominal increase comes after the coin dropped 11% within the past week.

Stripe Making Strides in the Crypto Space Stripe, which has been topping charts since 2021 was one of the first major companies to accept Bitcoin payments in 2014. The company, however, dropped the service in 2018, but added that it was still “very optimistic about cryptocurrencies overall.”

In a recent development, the company announced plans to start supporting transactions domiciled in Circle’s native stablecoin USD Coin (USDC) beginning this Summer. As Stripe unveiled, all the USDC will initially launch through Ethereum, Solana, and the Polygon blockchain networks.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

This week marks an exciting period for the crypto market, with key events expected to drive market sentiment. At the forefront are the highly anticipated remarks from Federal Reserve Chair Jerome Powell and a significant $100 million token unlock by SUI.

These developments and updates from the decentralized finance (DeFi) and blockchain spaces are poised to impact investor behavior and market performance.

EigenLayer Prepares for EIGEN Token Transferability This WeekRestaking protocol EigenLayer will remove transfer restrictions on its EIGEN tokens on September 30. This new feature aims to allow EIGEN holders to trade and transfer their staked rewards.

“Please note that if your EIGEN is currently staked, there is a 7-day withdrawal period for unstaking EIGEN,” the team added.

This marks a critical moment for EigenLayer. According to DefiLlama, EigenLayer holds over $12 billion in total value locked (TVL) at the time of writing. This figure makes it the second-largest DeFi platform by TVL.

Read more: What Is EigenLayer?

EigenLayer TVL. Source: DefiLlamaOn Monday, Jerome Powell, the Federal Reserve Chair, will participate in a moderated discussion at an economic conference. This event marks his first appearance since the Fed’s 50-basis-point interest rate cut on September 18.

Powell is expected to provide insights on the central bank’s future policy direction. This insight will have implications for both traditional financial markets and the cryptocurrency space.

BeInCrypto reported that the Federal Reserve’s decision to cut rates for the first time since 2020 has already stirred investor interest. Since the decision, Bitcoin (BTC) has been trading near key resistance levels around $64,000. 

Mithil Thakore, CEO and co-founder of Velar, noted that a break above $64,000 could lead Bitcoin to a smoother ascent toward its previous highs of around $74,000. Thakore remarked that major macro factors, including global conflict risks and the US presidential election, could also affect the market.

“Markets don’t like uncertainty. For this reason, shrewd traders will seek to hedge exposure to BTC going into Q4. Given the likelihood of high volatility in the short term, traders who are bullish on BTC would do well to look to the options market and take out calls rather than playing with perpetuals,” he told BeInCrypto.

DeFi Kingdoms Partners with Metis L2 for PvP Game Colosseum LaunchOn October 2, DeFi Kingdoms will introduce its Colosseum game on the Metis Layer-2 (L2) network. This major development includes player-versus-player (PvP) private battles, an influence system, and an NFT marketplace. These features are designed to enhance user engagement and promote competitive gameplay.

“Players will be able to stake their Heroes to gain ‘Influence,’ granting them passive rewards and XP! Additionally, players can use their Influence to predict the winners of Bouts and be rewarded!” The DeFi Kingdoms team said.

The partnership with Metis allows DeFi Kingdoms to accelerate the development of PvP features while bringing added rewards in the form of METIS tokens. The team highlighted the long-term advantages, noting that the partnership with Metis would enable them to speed up certain timelines. This includes the timeline for PvP, which they now expect to deliver to their players earlier and with more features than initially planned.

Avalanche to Launch Major Network Upgrade: Avalanche9000In October, Avalanche will undergo its most significant network upgrade yet, known as Avalanche9000. This upgrade aims to enhance the scalability, security, and performance of the Avalanche blockchain, particularly for developers building Layer-1 (L1) chains.

On its official website, the Avalanche team explained that the upcoming changes will make it easier for developers to customize their blockchain infrastructure. This reduction in technical complexity and economic barriers will enable more projects to launch L1 chains on the blockchain.

Avalanche9000 will also introduce enhanced regulatory compliance options. These options include built-in geo-restrictions and custom permissions, helping projects align with global regulatory standards. The new upgrade will include better support for open and permissionless validator sets, which contributes to increased decentralization and security across the network. 

As part of this upgrade, Avalanche is looking to attract more builders to its ecosystem by offering developer incentives and rewards. The upgrade includes access to a testnet environment, where developers can experiment with new ideas and innovations before deploying them on the mainnet.

SUI and Other Major Token Unlocks This WeekOne of the most significant events this week is SUI’s $100 million token unlock. SUI will release 64.19 million tokens to early contributors and investors, as well as its treasury. This amount represents 2.4% of its circulating supply.

Other notable token unlocks include DYDX, which will release $8.9 million worth of tokens. Similarly, MAV will also unlock $8.47 million in tokens.

Read more: Everything You Need to Know About the Sui Blockchain

SUI Token Unlock. Source: token.unlocksToken unlocks often present both opportunities and risks for investors, as the sudden influx of liquidity can trigger volatility. As the week progresses, traders will be closely watching how the market reacts to these token releases. Market participants are advised to stay cautious, as these unlocks could significantly impact short-term prices.