#CryptoIntegration Crypto Integration Overview
Crypto integration refers to the process of incorporating cryptocurrencies into existing financial systems, platforms, or services. This allows users to interact with both traditional fiat currencies and digital currencies like Bitcoin or Ethereum.
Key Aspects of Crypto Integration
- *Crypto to Fiat Gateways*: Services like Striga enable seamless conversion between cryptocurrencies and fiat currencies in real-time. This is useful for e-commerce platforms, global payroll providers, and cross-border fintech products.
- *Wallet Integration*: Some fiat wallets, like those offered by Coinbase or Binance, allow users to hold both fiat currencies and cryptocurrencies. This integration enables easy conversion between the two.
- *Regulatory Compliance*: Solutions like Striga handle regulatory requirements such as KYC/AML, ensuring compliance in crypto-fiat transactions.¹ ²
Benefits of Crypto Integration
- *Streamlined Transactions*: Crypto integration enables faster and more efficient transactions, especially for cross-border payments.
- *Increased Accessibility*: Users can spend cryptocurrencies in local fiat currencies anywhere major cards are accepted.
- *Flexibility*: Integration supports various use cases like recurring billing, real-time settlement, and multi-currency support.
Examples of Crypto-Integrated Services
- *Striga*: Offers a crypto to fiat API for seamless integration.
- *MoonPay*: Allows users to buy crypto using fiat and manage both in a MoonPay Balance.
- *Coinbase and Binance*: Offer fiat wallets with crypto integration.