Stripe Expands Crypto Services in the EU to Help Users Buy Crypto Easily

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

Online payment giant Stripe is now facilitating users’ ability to purchase cryptocurrency. Headquartered in Dublin and San Francisco, the company’s payment services are utilized by millions of major e-commerce businesses. In a bid to enter the crypto market, Stripe partnered with Coinbase last month.

Stripe Crypto Services in the EU

Stripe processed nearly $1 trillion in payments in 2023, and the company’s financial performance continues to grow. The partnership with Coinbase was announced on June 27 and is expected to boost web3 adoption. The ultimate goal is to integrate Stripe’s financial infrastructure with crypto for fast and cost-efficient transactions. Initially, the expansion will focus on assisting crypto marketplaces and vendors in purchasing crypto easily. Recently, Stripe also began supporting stablecoin payments using USD Coin.

Crypto Support for Vendors

This feature is particularly beneficial for vendors who wish to integrate crypto for online payments on their websites. Crypto payments can be instantly converted into fiat currencies, such as Euro or Dollar. Stripe will also handle charges, disputes, and regulatory requirements.

Insights from John Egan

In a tweet, Stripe’s head of crypto, John Egan, stated that the partnership between Coinbase and Stripe will make crypto more accessible globally. Coinbase-wallet users can now purchase crypto using credit cards via Stripe’s crypto onramp.

Excited to make crypto more accessible worldwide through this partnership with @coinbase – @CoinbaseWallet users can now use credit cards to buy crypto through the @stripe crypto onramp and @base support is being added to both our crypto onramp and global crypto payouts products!

https://t.co/fsEUq89SJM

Catering to European Interests

Surveys on per capita crypto ownership in Europe consistently rank Ireland high. Stripe already has a significant presence in the country. 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 benefit a wide range of merchants and consumers. By offering a user-friendly and secure method for transacting in crypto, Stripe is helping to bridge the gap between traditional financial systems and the emerging crypto world.

Benefits of the Partnership

The Coinbase and Stripe partnership will enable cheaper and faster transactions in 150 countries. This will facilitate quick conversions between crypto and fiat currencies. Additionally, Coinbase also plans to integrate Stripe’s fiat to crypto capability into its Coinbase wallet, allowing users to utilize crypto benefits through Apple Pay and credit cards. As a result, users will find it much easier 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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