Bitstamp and Stripe Join Forces to Make Crypto More Accessible in Europe
Bitstamp, a leading cryptocurrency exchange, has announced a partnership with fintech leader Stripe to make digital currencies more accessible across the European Union. This collaboration will utilize Stripe’s fiat-to-crypto on-ramp to streamline the process of purchasing and exchanging cryptocurrencies.
The partnership aims to address the “cold start problem” for users without existing digital assets by allowing them to purchase crypto exactly when they need it. Additionally, users can seamlessly exchange their purchased crypto for other assets, enhancing the overall accessibility of cryptocurrencies in Europe.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, expressed pride in the partnership with Stripe, highlighting the safety, reliability, and security of both companies. The on-ramp supports multiple cryptocurrencies, including Bitcoin, Ether, Solana, Stellar, and USD Coin, and adheres to strict regulatory standards to ensure compliance and security.
Consumers can utilize various payment methods, including credit and debit cards and Apple Pay, to purchase cryptocurrencies through Stripe’s on-ramp. The service is currently available in the EU and the United States, with the exception of Hawaii.
Bitstamp will handle the conversion of fiat currencies to cryptocurrencies and manage the transfer of digital assets to consumers as part of the partnership. This collaboration aims to enhance the ease of accessing cryptocurrencies in Europe, potentially transforming the digital currency sector.
The announcement of this partnership comes shortly after the stock trading app Robinhood revealed plans to acquire Bitstamp for $200 million in June. With the combined efforts of Bitstamp and Stripe, the accessibility and usability of cryptocurrencies in Europe are expected to improve significantly.
