Fintech company Stripe has been rapidly making advancements within the crypto arena. In what is the latest development, users from Europe can buy crypto assets like Bitcoin, Ethereum, and Solana via their credit or debit cards.
This move not only marks the company’s expansion into the European market but also seems to be in sync to foster mass adoption. Alongside, Stripe intends to make it easier for “normal transactions” to occur using digital assets.
Online vendors can now add a crypto-purchasing ‘widget’ on their website. That, in turn, will cater to tangents like charges, disputes, and Know Your Customer [KYC] regulatory responsibilities pertaining to online crypto payments.
John Egan, Head of Crypto at Stripe underlined that this expansion allows crypto companies to help European consumers buy assets quickly and easily. Further elaborating on this, he said,
“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.”
A few weeks back, Stripe also announced its partnership with Coinbase to incorporate the exchange's Ethereum-based Layer 2 network Base into its crypto payout products.
Several other companies have been stepping into Europe and the UK lately.
As reported by blocmates, Bitcoin payments app Strike recently ventured into the UK, enabling native users and businesses to use its suite of Bitcoin and lightning services. With the aforementioned launch, Strike became available to users in over 100 countries and territories worldwide, including the US, Europe, Latin America, and Africa.
Furthermore, the Chicago Mercantile Exchange is considering launching Bitcoin spot trading for its users. The spot trading business will likely be carried out from the EBS currency trading venue in Switzerland.
Alongside, Bitpanda solidified its ties with the Deutsche Bank to foster real-time fiat deposits and withdrawals for the exchange’s users in Germany.
