Coinbase and Stripe Unveil 3 New Features

THURSDAY, the cryptocurrency platform Coinbase and the payment solutions specialist Stripe have revealed details of a collaboration bringing innovations

Cryptocurrency exchange Coinbase and payment processing company Stripe have announced a collaboration to integrate several new features.

The first of these features is the arrival of USDC on Stripe, which was initially announced last spring. This integration will now allow merchants to customize the payment methods accepted at their store, enabling customers to pay for their orders using the popular stablecoin.

Specifically, this announcement pertains to USDC being spent from Coinbase, which will be available to merchants in over 150 countries.

Another key integration is the ability for Ethereum (ETH) layer 2 to now serve as a crypto/fiat on-ramp, again via USDC, but initially only for the United States.

On the Coinbase side of things, the company has revealed that it is integrating Stripe's "fiat-to-crypto" onramp solution into its non-custodial wallet, Coinbase Wallet.

This will provide investors with an additional way to enter the ecosystem using a bank card or Apple Pay, for example.

In a press release announcing the collaboration, the Coinbase team expressed its optimism:

Crypto is the future of money, as it is unrestricted by international borders or bank hours, and reduces both friction and fees for users. These three key integrations provide a solid foundation that will allow Stripe and Coinbase to begin building a better future in payments for users around the world.

Meanwhile, COIN shares are trading at $222 each on the NASDAQ, bringing Coinbase's market capitalization to $54.57 billion.

Source: Coinbase

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Since 2021, I have dedicated my spare time to seriously learning about cryptocurrencies in order to gain as much knowledge and credibility as possible. I often get the chance to conduct interviews with influential figures in the blockchain industry. I also carry out in-depth analyses on Web3 topics to provide exclusive content for Cryptoast readers.

Vincent Maire

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