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FTX turns to Stripe for payments and ID verification
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Stripe will now power users who want to purchase cryptocurrencies with debit cards and ACH transactions directly from their bank. In addition, FTX is using Stripe Radar to tackle fraud risk.
Radar uses machine learning models and signals including customer details and billing information to distinguish fraudsters from legitimate customers. Finally, the crypto exchange has chosen Stripe Identity to build an onboarding and identity verification flow designed to make it easier for new crypto investors to prove they are who they say they are.
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