Crypto news: Stripe now allows the purchase of Bitcoin with credit and debit cards in Europe.
This development marks a significant step forward in the integration of traditional financial systems with the world of cryptocurrencies, making digital assets more accessible.
Let’s see all the details below.
The impact of Stripe’s expansion on the European market: advantages for crypto and Bitcoin
As anticipated, the main online payment processor, Stripe, has recently expanded its services, allowing European customers to purchase Bitcoin and other crypto with their credit or debit cards.
This represents a significant step towards the integration of traditional financial systems with the world of digital assets, transforming the use of cryptocurrencies in Europe.
The expansion of Stripe in the EU market could be a turning point for both merchants and consumers.
European customers can now easily purchase Bitcoin and other cryptocurrencies using their Stripe cards. This feature will greatly increase accessibility to digital assets, making them more usable for the average consumer.
Although Bitcoin is the first cryptocurrency available, Stripe plans to extend the service to other popular cryptocurrencies such as Ethereum and Solana. This diversification will not only increase accessibility but also promote a rise in crypto transactions.
Simplified integration and benefits for merchants and buyers
Thanks to Stripe’s decision, merchants can now easily add a widget for purchasing cryptocurrencies on their web pages.
This tool manages various aspects of the transaction, including charges, disputes, and regulatory requirements, enhancing the user experience and offering greater customization.
The possibility of purchasing cryptocurrencies quickly and easily represents a huge difference for consumers.
The expansion of Stripe in Europe is accompanied by robust measures to ensure compliance with financial regulations, maintaining high security standards in the market.
Protocols Know Your Customer (KYC) are implemented to verify the identity of users, simplifying the process and covering the requirements of financial transactions involving cryptocurrencies.
The Stripe system also includes configurations to manage potential disputes and charges related to cryptocurrency transactions. Thus offering a higher level of security for all parties involved.
This innovation by Stripe represents an important step towards the integration of cryptocurrencies into traditional payment systems, opening new opportunities for merchants and consumers in Europe.
Record liquidations in the cryptocurrency market: $208.8 million in 24 hours
In the last 24 hours, the cryptocurrency market has seen liquidations totaling 208.8 million dollars, involving 67,621 traders.
The single most significant liquidation order, worth 5.42 million dollars, occurred on Binance for the pair BTC/USDT, according to Coinglass.
Liquidations of long positions have reached 91.73 million dollars, while those of short positions have slightly exceeded this figure, reaching 116.78 million dollars.
Bitcoin has recorded liquidations for 68.71 million dollars, followed by Ethereum with 40.27 million dollars.
Among the exchanges, Binance dominated with liquidations totaling 101.73 million dollars, followed by OKX with 56.90 million dollars and Bybit with 19.06 million dollars.
Last night, many shorts were liquidated when Bitcoin rose towards $64,000. However, a subsequent retracement to around $62,700 saw the liquidation of long positions early this morning.
The liquidation of shorts for 116 million dollars was one of the most significant of last month, with a peak of 154 million dollars recorded on July 8.
