Coinbase Teams Up With Stripe to Accelerate the Global Adoption of Crypto

Quick take:

• Stripe will add support for Base across its crypto product suite to offer users faster and cheaper money transfers.
• The online payment provider will also add USDC on Base to their fiat-to-crypto on-ramp to enable customers in the US to convert fiat to crypto faster.
• Coinbase will add Stripe’s fiat-to-crypto on-ramp into Coinbase Wallet, enabling instant crypto purchases with credit cards and Apple Pay.

Coinbase and Stripe have announced a partnership to accelerate the global adoption of crypto. The two companies are teaming up to provide faster, cheaper financial infrastructure globally.

As part of the partnership, Stripe is adding support for Base across its crypto product suite to offer users faster and cheaper money transfers in 150 countries. The online payments company will also add USDC on Base (Coinbase’s L2 built on Ethereum) to its fiat-to-crypto on-ramp, enabling customers in the US to convert fiat to crypto faster.

On the other hand, Coinbase will Stripe’s fiat-to-crypto on-ramp into Coinbase Wallet, enabling instant crypto purchases with credit cards and Apple Pay.

According to Coinbase, this partnership is bound to bring several benefits associated with crypto to millions of businesses and people around the world.

Stripe’s vast user base will benefit from gaining access to faster and cheaper money transfers powered by Base, Coinbase said in a statement.

“Base has quickly become the most used L2 due to its secure, low-cost, and developer-friendly transaction infrastructure, as we continue to make strides towards our one second, sub one cent goal.”

The two companies believe crypto is the future of money because “it is unrestricted by international borders or banking hours, and reduces both friction and fees for users.”

“These three key integrations lay a strong foundation for Stripe and Coinbase to begin building a better payments future for users around the world,” Coinbase wrote.

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