Coinbase and Stripe Team Up to Enhance Crypto Adoption and Improve Financial Transactions Around the Globe
- WBOYOriginal
- 2024-06-28 16:41:24611browse
Coinbase has partnered with Stripe, an online payment platform, to enhance crypto adoption and improve financial transactions around the globe.
Coinbase, a leading cryptocurrency exchange, has joined forces with Stripe, a prominent online payment platform, in a move designed to accelerate the adoption of digital assets and streamline financial transactions worldwide.
As part of this collaboration, Stripe will be integrating USDC (USD Coin) on Base into its crypto payouts product. This integration will enable the platforms that Stripe connects to transfer funds more efficiently and at a lower cost across over 150 countries. Stripe aims to minimize transaction friction and enhance financial inclusivity for its users through Base's secure and developer-friendly architecture.
Coinbase and Stripe are also working together to bring the world onchain. Stripe's payouts and fiat-to-crypto onramps now support USDC on Base https://t.co/poKEYgcAYV
In addition, Stripe's fiat-to-crypto onramp will be integrating USDC on Base, providing U.S. customers with an accelerated conversion capability from fiat to cryptocurrency and designed to facilitate easy and simple access to crypto assets through Stripe's platform.
In a reciprocal integration, Coinbase will be integrating Stripe's fiat-to-crypto onramp into Coinbase Wallet. This integration will allow users to purchase their cryptocurrencies using credit cards and Apple Pay further enabling the increased utilization of cryptocurrencies by the millions of users on Coinbase.
Together, Coinbase exchange and Stripe payment services aim to make cryptocurrencies more integrated into the financial system by linking their platforms.
As the adoption of crypto continues as a decentralized and globally connected payment method thanks to blockchain characteristics, such affiliations are crucial to establishing its use in mainstream commerce.
Also read: Coinbase Declines Support for ASI Token Migration
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