STRIPE EXPANDS ACCESS TO ITS CRYPTO ONRAMP WITH NEW HOSTED OPTION
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This is to help us-based customers purchase crypto but there's some other documentation which shows that it's Global. Stripe now offers two implementation office options for its on-ramp in embeddable which is crypto purchasing widget directly into your own website or app. So you can embed it right away and you can have a Fiat on-wrap or if you don't want to deal with that, there's a stripe posted on wrap at crypto.link.com. When we take a look at stripe, itself just so we know it has a market share globally of almost 20%. PayPal is up there at 42 but Stripe is right behind it. Then also as far as Global availability, they're in 46 different countries. There's two different types so there's two different types for what it's offering. First, the embeddable option and then there's also one at crypto.link.com which if you don't want to embed it onto your sites, you just go to this part.
The big question here is how much it's going to cost because that's the big thing. There's two types of fees for just as far as the link.com option. So there's processing fees which are 3% to 5% and there's also Network fees which are gas fees. Not only are you going to be paying Ethereum and everything that's an ERC20 token three to five percent but also the gas fees. What I am thinking about specifically is how it's going to compete with Moonpay in my personal opinion. Moonpay if you're going to use a ledger or some other different types of Fiat on ramp, it's 4.5% or 4 dollars whichever is higher. When I see something like stripes come along. If they have this embeddable option between 2 and 4% plus gas reason, What are they going after? I think they're gonna go for a global market not just in the U.S.