2024-06-28
On June 27, 2024, Coinbase and Stripe
announced partnership to integrate each other’s technologies to enhance global
crypto transactions.
Stripe is an online payment processing solution for businesses. It will incorporate Coinbase’s
Layer 2 network, Base, into its crypto payout options.
Stripe will add support for Base across
its crypto product suite.
-Stripe adds USDC on Base to their
crypto payouts to enable faster, cheaper money transfers to over 150 countries.
-Stripe adds USDC on Base to their
fiat-to-crypto onramp to enable customers in the US to convert fiat to crypto
faster than ever.
Coinbase will add Stripe as a payment
method for purchasing crypto using credit cards or Apple Pay.
-Coinbase will add Stripe’s
fiat-to-crypto onramp into Coinbase Wallet to allow users to buy crypto
instantly with credit cards and Apple Pay.
This partnership aims to expand the
global adoption of cryptocurrency by integrating Stripe’s fiat-to-crypto
on-ramp into Coinbase Wallet.
Users can buy crypto instantly with
credit cards and Apple Pay.
Furthermore, the partnership will bring
USDC support to Stripe on Coinbase’s layer-2 network, Base.
This integration introduces support for
USD Coin (USDC) on Base as part of Stripe’s crypto payouts, allowing faster
cross-border remittances and settlements of fiat equivalents across 150
countries.
USDC will also be available as part of
Stripe’s fiat-to-crypto on-ramp, facilitating easier onboarding for customers
converting fiat to digital assets.
The collaboration is said to be the
“foundation for Stripe and Coinbase to begin building a better payments future
for users around the world”.
This partnership is a significant step
towards making crypto access cheaper and money transfers faster.
