Stripe and Coinbase have jointly revealed a strategic partnership designed to enhance the adoption of onchain technology and establish a more efficient and cost-effective financial infrastructure. Stripe, a global authority in online payment processing, will integrate Base support into its crypto product suite, enabling quicker and more cost-effective money transfers. Additionally, Stripe will integrate USDC on Base into its crypto disbursements product to improve cross-border transactions, facilitating faster and more cost-effective money transfers to more than 150 countries.
Coinbase, a prominent cryptocurrency exchange platform, will integrate Stripe's fiat-to-crypto onramp into its Wallet, enabling users to purchase cryptocurrencies instantaneously using Apple Pay and credit cards. The integration of USDC on Base into Stripe's fiat-to-crypto onramp will also streamline the conversion of fiat to crypto for clients in the United States.
Coinbase's integration of Stripe's fiat-to-crypto onramp into the Coinbase Wallet will substantially simplify the process of purchasing cryptocurrency. Users may now leverage the convenience of Apple Pay and credit cards to make instantaneous purchases. Through these integrations, Stripe and Coinbase are set to build a stable foundation for the development of a world-class payments infrastructure for their users.
