- Stripe has partnered with Bitstamp to streamline the transition from fiat to cryptocurrencies in the European Union
- Stripe’s new customizable widget supports multiple cryptocurrencies and facilitates instant conversion and settlement for users
- This partnership aligns with Bitstamp’s goal to expand its services beyond the US, particularly following its recent $200M acquisition by Robinhood
Stripe has teamed up with Bitstamp, a cryptocurrency exchange, to help it grow in the EU. The plan is to make it easier for customers to switch between traditional currency and crypto. They’ve created a widget that users can adjust to suit their needs allowing for quick transactions and currency changes.Â
The partners are looking to improve how people interact with crypto and get more Europeans using it.
How Stripe and Bitstamp Are Simplifying Crypto Transactions in Europe
Stripe, a payment processor, has joined forces with the crypto exchange Bitstamp to expand its reach in the European Union.
On Wednesday, they announced their plan to make it easier for users to switch from traditional currency to cryptocurrencies. The fintech firm offers a customizable widget that developers can add to their products. This widget lets users convert cryptocurrency and make instant transactions.
The new widget will support various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC). UK customers will be able to access it, according to the companies’ announcement. Bitstamp will be in charge of managing the conversion from traditional money to cryptocurrency and handling user transfers.
This partnership will also help Bitstamp grow its white-label service, which provides crypto trading services to banks and fintech companies.
Robinhood, a trading company, announced on June 6 that it plans to purchase Bitstamp for $200 million in cash. The goal is to help Bitstamp expand beyond the US and compete with other major exchanges like Coinbase.
Conclusion
It’s great to see Stripe and Bitstamp joining forces. It’s a big step towards making it easier for people in the EU to change regular money into crypto.
Stripe’s new tool and Bitstamp’s wider range of services are going to make it easier for users to handle cryptocurrencies. This change also fits with Robinhood’s recent buyout of Bitstamp, which is going to make Bitstamp stronger in the worldwide crypto market.
