Leading US-based crypto exchange Coinbase is teaming up with a top crypto payments provider to increase crypto functionality.
In a new announcement, Coinbase says it is partnering with Stripe to increase the adoption of crypto by consumers around the world.
“Stripe and Coinbase have announced a partnership to increase on-chain adoption and provide faster, cheaper financial infrastructure. Stripe will add support for Base across its crypto product suite to offer users faster and cheaper money transfers, and 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.”
According to the press release, the partnership will increase access to crypto payments for businesses worldwide.
“The partnership will launch with three key integrations designed to increase onchain adoption and provide faster, cheaper financial infrastructure:
Stripe is adding USDC on Base to their crypto payouts product to enable Stripe platforms to make faster, cheaper money transfers to over 150 countries.
Stripe is adding USDC on Base to their fiat-to-crypto onramp to enable customers in the US to convert fiat to crypto faster than ever.
Coinbase is adding Stripe’s fiat-to-crypto onramp to Coinbase Wallet to allow people to buy crypto instantly with credit cards and Apple Pay.”
With Stripe adding support for Coinbase’s Ethereum (ETH) layer-2 blockchain Base, customers using Base should have faster and cheaper transactions, according to the announcement.
In April of this year, Stripe announced plans to roll out global USDC payments more than six years after the company ended Bitcoin (BTC) support.
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