One of the world’s largest online payment companies, Stripe, will now help users buy crypto. This company, with headquarters in Dublin and San Francisco, is used by millions of major e-commerce firms for payments. Last month Stripe partnered with Coinbase to enter the crypto market.

Stripe Crypto Facilities in the EU

In 2023, Stripe handled around $1 trillion in payments, and its financial performance is continuously growing. The partnership with Coinbase was announced on June 27. This partnership will be very helpful in boosting web3 adoption. The main aim is to integrate Stripe’s financial infrastructure with crypto for fast and cost effective transactions. Initially, this expansion will target crypto marketplaces and vendors to help them purchase crypto easily. Recently, Stripe started supporting stable coin payments using USD Coin.

Crypto Support for Vendors

This feature is helpful especially for those vendors who want to use crypto for online payments on their websites. Crypto payments can be instantly converted to fiat currencies like Euro or Dollar. Stripe will also manage charges, disputes, and regulatory requirements.

Insights by John Egan

Stripe’s head of crypto, John Egan, said in his Twitter post that this partnership between Coinbase and Stripe will make crypto more accessible worldwide. Coinbase-wallet users can now buy crypto using credit cards through Stripe’s crypto onramp.

Aligning with European Interests

European per capita crypto ownership surveys consistently rank Ireland high. Stripe already has a substantial presence there. This expansion of Stripe’s crypto-related services in the European Union aligns well with local cryptocurrency interests.

Stripe’s crypto initiative in Europe will greatly help a wide range of merchants and consumers. By providing a user-friendly and secure way to transact in crypto, Stripe is helping to bridge the gap between traditional financial systems and the emerging crypto world.

Benefits of the Partnership

150 countries will get the opportunity to make cheaper and faster transactions because of Coinbase and Stripe partnership. This will help in quick conversions between crypto and fiat currencies. Along with this, Coinbase  also plans to integrate Stripe’s fiat to crypto capability into its Coinbase wallet. This will enable users to take crypto benefits using Apple Pay and credit cards. This will make it much easier for users to enter the crypto world and manage their crypto assets.

Also Read : Justin Sun Makes Massive ETH Withdrawal: Profits, Risks, and What’s Next?

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