Bitstamp Partners with Stripe for EU Fiat-to-Crypto Onramp
KEY FACT: Bitstamp has partnered with Stripe to support Stripe's fiat-to-crypto onramp in the EU. This collaboration integrates Stripe's customizable widget into apps and websites, enabling seamless cryptocurrency purchases, including Bitcoin, Ethereum, Solana, Stellar, and USD Coin. With this partnership, Bitstamp will handle the fiat-to-crypto conversion and transaction settlements, to enhance its service offerings. Both companies emphasize the partnership's role in improving accessibility and security for crypto transactions across the EU.
Image source: Bitstamp
Bitstamp Partners with Stripe for EU Fiat-to-Crypto Onramp
Bitstamp, the world’s longest-running crypto exchange, has announced a new partnership with financial technology giant Stripe, which is a significant move for the cryptocurrency industry. This collaboration aims to bolster Stripe’s fiat-to-crypto onramp within the European Union, to simplify consumers' purchasing process. The development was announced on August 7 via communicated via a Press release and X post by Bitstamp.
We’re excited to partner with Stripe to support their fiat-to-crypto onramp across the EU! This provides users with a seamless checkout experience optimized for cryptocurrency conversion and allows near-instant settlement of cryptocurrency transactions. Bitstamp will handle the conversion, supporting BTC, ETH, SOL, XLM, and USDC. This strengthens our role in digital payments! - Source
This partnership provides that Stripe's customizable widget be seamlessly embedded into apps and websites, providing users with an optimized and user-friendly checkout experience for cryptocurrency conversions. This widget supports various cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC). Bitstamp will manage the fiat-to-crypto conversion and transaction settlements, to enhance its Bitstamp-as-a-service offering and reinforce cryptocurrency's role in digital payments.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, expressed pride in the partnership, highlighting Bitstamp's reputation for safety and reliability.
"We're immensely proud to have been chosen to partner with Stripe – one of the biggest and most trusted players in the payments space. It’s a testament to our own record for safety, reliability, and security."
John Egan, Head of Stripe Crypto, echoed this sentiment, citing Bitstamp's trusted status as a key factor in the collaboration.
"Bitstamp's long-standing reputation as a trusted partner made them an easy choice for us when considering how best to serve the needs of our users and their customers in the EU."
This partnership is set to make cryptocurrency transactions more accessible and secure for users across the EU, marking a notable step in the integration of traditional and digital financial services.
Do you think this would speed up crypto adoption in the EU and can this partnership change the dripping face of the crypto markets?
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This is a great collaboration that will provide more access to cryptocurrency security
Wow, this isa great collaboration, cryptocurrency is going to be bigger than expected, I know that in few years to come paper money would be the thing of the past.