Stripe Partners With Crypto Exchange Bitstamp to Push EU Expansion
- WBOYOriginal
- 2024-08-08 00:05:221081browse
Payments processor Stripe has struck a partnership deal with crypto exchange Bitstamp to further push its expansion in the European Union.
Payments processor Stripe has announced a partnership with Luxembourg-based crypto exchange Bitstamp to enhance its expansion in the European Union (EU).
According to an announcement on Wednesday, Stripe will integrate Bitstamp’s services to facilitate easier fiat-to-crypto on-ramp for its users in the EU.
Stripe currently supports several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC).
The fintech firm’s customizable widget allows developers to integrate it into their product to enable crypto conversion and instant settlement of transactions. However, the widget will not be available to customers in the United Kingdom, the two companies stated in a press release.
As part of the partnership, Bitstamp will reportedly assist Stripe in managing fiat-to-cryptocurrency conversion and transfers to consumers. Additionally, the crypto exchange’s Bitstamp-as-a-service product will be expanded.
Recently, Bitstamp was acquired by Robinhood (HOOD) in a $200 million all-cash deal as the popular trading firm aims to extend its reach beyond the U.S. and compete with peers like Coinbase.
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