Stripe and Coinbase Partner for Faster Crypto Adoption

Stripe and Coinbase Partner for Faster Crypto Adoption

Stripe and Coinbase have announced a partnership to increase onchain adoption and provide faster, cheaper financial infrastructure.

The Deets:

  • Support for Base: Stripe will add support for Base across its crypto product suite.
  • Faster Transfers: Users can experience faster, cheaper money transfers.
  • Fiat-to-Crypto Onramp: Coinbase will integrate Stripe’s fiat-to-crypto onramp.
  • Instant Crypto Purchases: Users can buy crypto instantly with credit cards and Apple Pay.

The Bulk

Stripe and Coinbase have joined forces to enhance the adoption of cryptocurrency through a strategic partnership. This collaboration aims to bring the benefits of crypto to millions by integrating three key services designed to streamline financial transactions and lower costs.

First, Stripe will incorporate USDC on Base into its crypto payouts product, enabling platforms to facilitate quicker and more affordable money transfers to over 150 countries. This integration promises to make international transactions smoother and more efficient for a wide range of users.

Additionally, Stripe is set to add USDC on Base to its fiat-to-crypto onramp, allowing customers in the US to convert fiat currency to crypto faster than ever before. This move is expected to significantly reduce the time and cost associated with converting traditional currency to digital assets.

Coinbase, on the other hand, will enhance its Wallet by integrating Stripe’s fiat-to-crypto onramp. This upgrade will enable users to purchase crypto instantly using credit cards and Apple Pay, providing a seamless and user-friendly experience for those looking to enter the crypto market.

🎬 Take Action

Developers can explore how to leverage Stripe’s crypto capabilities on Base by participating in the Base Buildathon.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.