Payment giant Stripe partners with Coinbase! Expand USDC payment to Base and integrate wallet to purchase cryptocurrency

Stripe supports Base chain USDC

1. Coinbase said the partnership aims to increase on-chain adoption and provide faster financial infrastructure.

2. Stripe is adding USDC on the Base chain to its crypto payments offerings to enable the Stripe platform to make transfers to over 150 countries faster and cheaper.

3. In addition, USDC on the Base chain has also been added to Stripe’s on-ramp for buying cryptocurrencies with fiat, allowing US customers to convert fiat to cryptocurrency faster.

4. Coinbase is also adding Stripe’s on-ramp for fiat buying crypto to its wallet so people can buy crypto instantly using credit cards and Apple Pay.

Stripe returns to crypto payments after 6 years

1. Stripe processed a whopping $1 trillion in transaction volume last year and is the payment solution of choice for millions of businesses around the world.

2. In 2014, Stripe started supporting Bitcoin payments but stopped supporting it in 2018 due to Bitcoin’s volatility and high transaction fees.

3. In April 2023, Stripe returned to the field of cryptocurrency payments and chose to support the stablecoin USDC.

4. A Stripe spokesperson said that a more detailed list will eventually be announced to support USDC transactions on more blockchain networks.

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