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Cryptocurrency News Articles
How Stripe and Bitstamp Are Simplifying Crypto Transactions in Europe
Aug 08, 2024 at 07:06 pm
Stripe, a payment processor, has joined forces with the crypto exchange Bitstamp to expand its reach in the European Union.
Payment processor Stripe has teamed up with cryptocurrency exchange Bitstamp to help it grow in Europe.
The two companies announced Wednesday that they are making it easier for customers to switch between traditional currency and crypto.
Stripe offers a customizable widget that developers can integrate into their products, allowing users to convert cryptocurrency and make instant transactions.
The new widget will support several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC), and will be available to customers in the United Kingdom, the companies said.
Bitstamp will handle the conversion from traditional currency to cryptocurrency and user transfers.
The partnership will also help Bitstamp expand its white-label service, which provides crypto trading services to banks and fintechs.
Trading firm Robinhood announced June 6 that it will acquire Bitstamp for $200 million in cash. The deal will help Bitstamp grow its presence outside the U.S. and compete with other major exchanges like Coinbase.
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