Coinbase, Wednesday, July 3, 2024 – Coinbase and Stripe announced a partnership to expand the global adoption of cryptocurrency. The collaboration will feature three key integrations designed to increase on-chain adoption and provide a faster, more cost-effective financial infrastructure.
Stripe is adding USDC on Base to its crypto payouts product, enabling faster and cheaper money transfers to over 150 countries. Additionally, Stripe is incorporating USDC on Base into its fiat-to-crypto onramp, allowing U.S. customers to convert fiat to crypto more quickly.
Meanwhile, Coinbase will integrate Stripe’s fiat-to-crypto onramp into Coinbase Wallet, facilitating instant crypto purchases with credit cards and Apple Pay.
This partnership takes advantage of Base’s secure, low-cost, and developer-friendly infrastructure, making it the most used Layer 2 solution. By supporting Base, Stripe’s global network of users will benefit from more efficient and economical transactions.
These integrations set a strong foundation for Stripe and Coinbase to work towards a more efficient and inclusive financial system for users around the world.
The Coinbase Press Statement can be read here.
