Bitstamp and Stripe Join Forces to Streamline Crypto Purchases in Europe
To simplify crypto adoption across Europe , crypto exchange Bitstamp has partnered with Stripe, a leading payments processor.
This collaboration aims to streamline the process of buying cryptocurrencies with fiat currency (traditional money like euro, yen, U.S. dollar) for European consumers.
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… pic.twitter.com/sRUPguVuqb
— Bitstamp (@Bitstamp) August 7, 2024
According to the two companies press release from August 7 shared with CryptoNews, Bitstamp will manage the conversion process from fiat to crypto and handle the secure transfer of purchased digital assets to consumers.
The exchange will leverage Stripe’s “onramp” technology – a customizable widget that allows businesses to easily integrate crypto purchasing options into their websites or apps. With just a few lines of code, developers can offer users a smooth checkout experience optimized for converting euros or other fiat currencies to cryptocurrencies, including Bitcoin ( BTC ), Ether ( ETH ), USD Coin ( USDC ), Solana ( SOL ), Stellar ( XLM ). However, the widget won’t be available to U.K. customers, as stated in the press release.
Additionally, Stripe and Bitstamp will take care of the complexities behind the scenes, ensuring fast settlement of crypto transactions.
On July 16, Stripe announced its expansion of its fiat-to-crypto onramp to the European market, allowing local customers to buy crypto via credit or debit cards directly through Stripe.
For its expansion, Stripe developed
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