Stripe Enables Crypto Purchases for EU Clients Through Card Integration – Adoption Rising?

cryptonews.com:

Stripe, the global payment processing giant and Coinbase partner, has announced a significant expansion of its cryptocurrency services into the European Union (EU).

This strategic move will allow EU shoppers to purchase a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), using their credit or debit cards.

According to the July 16 announcement, the expansion aligns with Stripe’s broader goal of enhancing cryptocurrency accessibility for everyday transactions.

Initially targeting crypto marketplaces and vendors, the company aims to provide tools that facilitate seamless cryptocurrency purchases.

According to John Egan, Stripe’s head of crypto,

“This expansion allows crypto companies to help European consumers buy cryptocurrencies quickly and easily.”

“Now, merchants who rely on Stripe’s onramp for things like conversion optimization, identity verification, and fraud prevention can reach a more global audience. This lets them focus on growing their business and helping their customers,” he added.

In addition to supporting major cryptocurrencies, Stripe introduced support for stablecoin payments like USD Coin (USDC). This feature allows transactions to settle and convert instantly to fiat currencies such as euros or dollars, benefiting online vendors who can now incorporate a crypto-purchasing widget on their websites.

Following the integration of the USDC payment, Coinbase partnered with Stripe for USDC support on Base, which is the exchange’s Layer-2 network.

We’re partnering with @stripe, who processed the equivalent of 1% global GDP last year, to bring the benefits of faster, cheaper crypto rails to millions of businesses around the world – including with Base and USDC.