Coinbase Partners Stripe to Join USDC in Base
Digital asset exchange Coinbase has announced a partnership with payments company Stripe to expand on-chain adoption and faster services. The partnership will see both firms add support for financial infrastructure on their respective platforms. Crypto adoption continues to grow with firms forming multi-level partnerships to scale solutions.
Coinbase Taps Stripe for Crypto Adoption
In a June 27 press release, Coinbase announced the partnership, which will provide integration across both platforms. The move will increase web3 adoption and integrate faster and cheaper systems, according to the statement.
“Stripe and Coinbase have announced a partnership to increase on-chain adoption and provide faster, cheaper financial infrastructure. Stripe will add Base support to its crypto suite to offer users faster, cheaper money transfers, and Coinbase will add Stripe’s fiat-to-crypto onramp to Coinbase Wallet to allow users to instantly purchase crypto with credit cards and Apple Pay.”
Three main areas for improving business development on a global scale are: Strip USDC joins Base. The move will allow Stripe to make faster and cheaper transactions in 150 countries. The company will also add US Dollar Fiat-to-crypto on-ramp on Base for US customers to convert fiat to crypto faster. Similarly, Coinbase will integrate Stripe’s fiat into crypto in Coinbase Wallet to facilitate Apple Pay and credit card payments.
Several crypto users praised the partnership on social media spaces, calling it a win-win scenario for both firms.
Stripe Will Benefit From Core Solutions
basis It has become a popular Layer2 solution due to its low transaction fees and high speed compared to its competitors. Stripe’s users will have access to all the benefits of developer-friendly infrastructure.
“Crypto is the future of money because it is not constrained by international borders or banking hours, and it reduces both friction and fees for users. These three integrations create a strong foundation for Stripe and Coinbase to begin building better payments futures for users around the world.” The declaration was read.
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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a knack for keeping up with breaking news. Keeping up to date with trends, David has reported on a variety of topics including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horseback riding.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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