Coinbase and Payments Giant Stripe Collaborate on New Initiative To Expand Global Crypto Adoption
Leading US-based crypto exchange Coinbase is teaming up with a top crypto payments provider, Stripe, to increase crypto functionality and adoption worldwide. In a new announcement, Coinbase revealed that the partnership with Stripe aims to provide faster and cheaper financial infrastructure for users.
According to the press release, the collaboration will launch with three key integrations designed to increase on-chain adoption and provide faster, cheaper financial infrastructure. Stripe will add support for Base across its crypto product suite, enabling users to make faster and cheaper money transfers to over 150 countries. Additionally, Coinbase will integrate Stripe’s fiat-to-crypto onramp into Coinbase Wallet, allowing users to buy crypto instantly with credit cards and Apple Pay.
With Stripe adding support for Coinbase’s Ethereum layer-2 blockchain Base, customers using Base can expect faster and cheaper transactions. This partnership comes after Stripe announced plans to roll out global USDC payments, marking a significant step in expanding crypto adoption.
The collaboration between Coinbase and Stripe is expected to increase access to crypto payments for businesses worldwide, further driving the adoption of cryptocurrencies on a global scale. Investors are advised to do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
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