Coinbase has partnered with Stripe, an online payment platform, to enhance crypto adoption and improve financial transactions around the globe.
Stripe will integrate USDC (USD Coin) on Base into its crypto payouts product to allow the platforms Stripe connects to transfer money more efficiently and at lower cost across over 150 countries. Stripe’s primary goal with Base is to minimize transaction inconveniences and improve financial openness for its users through Base’s safe and developer-accommodating architecture.
Stripe’s fiat-to-crypto onramp will also integrate USDC on Base, offering U.S. customers accelerated conversion capabilities from fiat to cryptocurrency and designed to provide simple access to crypto assets easily through Stripe’s platform.
In reciprocation, Coinbase will integrate Stripe’s fiat-to-crypto onramp into Coinbase Wallet. This integration enables users to pay for their cryptocurrencies with credit cards and Apple Pay enables the increased use of cryptocurrencies by millions of users of Coinbase.
Thus, Coinbase exchange and Stripe payment services aim to make cryptocurrencies more integrated into the financial system by linking their platforms.
Due to the ongoing adoption of crypto as a decentralized and internationally connected type of payment with blockchain characteristics, such affiliations as Coinbase and Stripe are important to establish its use in general trade.
Also read: Coinbase Declines Support for ASI Token Migration
