Coinbase, a leading US-based cryptocurrency exchange, has teamed up with one of the top providers of crypto payment services to enhance crypto functionality.
Coinbase has announced a partnership with Stripe in order to encourage consumers all over the world to adopt crypto.
Stripe and Coinbase announced their partnership in order to provide a faster and cheaper financial infrastructure. Stripe is adding Base support to its suite of crypto products to provide users with faster, cheaper money transfers. Coinbase has added Stripe’s Fiat-to Crypto onramp to Coinbase Wallet so that users can buy cryptocurrency instantly using credit cards or Apple Pay .”
The press release states that the partnership is expected to increase the access of businesses to cryptocurrency payments.
The partnership will begin with three integrations that are designed to accelerate onchain adoption, and provide a faster, cheaper financial system:
Stripe has added USDC to its crypto-payouts to allow for faster and cheaper transfers of money to more than 150 countries.
Stripe has added USDC to its fiat-to crypto onramp, allowing customers to convert fiat into cryptocurrency faster than before.
Coinbase has added Stripe’s fiat to crypto onramp into Coinbase Wallet, allowing people to instantly buy cryptocurrency with Apple Pay and credit cards.”
According to an announcement, Stripe’s support of Coinbase’s Ethereum (ETH), layer-2 blockchain Base will allow customers who use Base to make faster and more affordable transactions.
Stripe, which has been supporting Bitcoin (BTC), announced in April this year that it will be launching global USDC payment services six years after discontinuing Bitcoin support.
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The ICD published the article Coinbase and Payments giant Stripe collaborate on a new initiative to expand global crypto adoption.
