Stripe, a global crypto-focused payment processor, has recently broadened its cryptocurrency services across the European market. According to a report, this strategic move enables European Union (EU) clients to purchase cryptocurrencies using debit or credit cards directly.
EU Stripe Users Can Purchase Cryptocurrency Via Debit or Credit Cards
As the demand for digital assets continues to rise, there is a growing need for reliable and user-friendly platforms that support these transactions. Stripe’s integration addresses this need by offering a seamless experience for users looking to invest in or transact with cryptocurrencies.
In practical terms, this integration means that EU customers can now effortlessly buy cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others, using their preferred payment methods. This eliminates the need for users to navigate complex cryptocurrency exchanges or endure lengthy verification processes, thus democratizing access to digital assets.
Additionally, online sellers can now include a tool for buying cryptocurrency on their websites. The payment service provider will also handle issues like charges and disputes, and meet your customer’s regulatory responsibilities for verifying customers making online cryptocurrency payments.
Moreover, this move will benefit individual users and holds significant implications for businesses in the country. Merchants can now add Stripe’s cryptocurrency payment choices to their platforms, creating new opportunities for making money and interacting with customers.
Stripe Partners With Avalanche
In April, the Avalanche C-Chain network integrated with the payment firm, allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallet. About eight Avalanche Web3 apps were integrated with the platform. According to the announcement, Avalanche app developers can now embed a customizable widget into their interfaces, allowing users to convert fiat to crypto via Stripe’s platform.
Furthermore, the integration aims to solve the cold start problem in Web3. To solve this issue, Stripe will handle “all the know-your-customer (KYC), payments, fraud, and compliance,” allowing the developer to focus on the app. At launch, the integration enables Core portfolio users to create Avalanche accounts using their Google or Apple ID and fund them with bank transfers, debit, or credit cards.
Stripe Expands Footprint Into Crypto
Akash Gupta, head of consumer products at Ava Labs, affirmed that the integration will help to increase crypto adoption worldwide. Meanwhile, Stripe announced it would integrate stablecoin payments using Circle’s USD Coin (USDC) on Solana (SOL), Polygon, and Ethereum (ETH) in April.
Recall that in 2022, Uniswap collaborated with finance firm Moonpay to facilitate the purchase of cryptocurrency. Customers can make payments via debit cards, credit cards, and bank transfers through its web app. With the release, which has no spread fees on USDC, the lowest processing fees in the market, and instant access, Uniswap made the onboarding procedures smooth.
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