Coinbase, the largest cryptocurrency exchange in the USA, announced its new partnership. At this point, Coinbase announced that it is collaborating with payment provider Stripe to enable USDC transfers on the Base network.
Within the scope of this partnership, Stripe will be integrated with Coinbase's Base network. It will incorporate the Stripe Base network into its cryptocurrency payment products.
As part of the Stripe partnership, Coinbase will also integrate Stripe's fiat-to-crypto feature for customers to purchase cryptocurrencies with credit cards or Apple Pay within their Coinbase Wallet.
“We are excited to announce that Stripe and Coinbase have formed a partnership that will bring the benefits of crypto to millions of businesses and people around the world.
The partnership will launch with three key integrations designed to increase on-chain adoption and deliver faster, cheaper financial infrastructure:
1-Stripe is adding USDC to its cryptocurrency payment products via the Base network to enable Stripe platforms to transfer money faster and cheaper to over 150 countries.
2-Stripe is adding USDC to its fiat-to-crypto on-ramp to enable US customers to convert fiat to crypto faster than ever before.
3-Coinbase is adding Stripe's fiat-to-crypto feature to Coinbase Wallet to enable its users to instantly purchase cryptocurrencies with credit cards and Apple Pay.”
Stripe became one of the first major payment providers to add early support for Bitcoin (BTC).
*This is not investment advice.