Strike Partners With Bitstamp to Make Crypto Buying Easier for European Users

As a seasoned analyst with over two decades of experience in the finance industry, I find this partnership between Strike and Bitstamp to be a strategic move that could potentially reshape the European crypto landscape. The convergence of these two entities brings together the best of both worlds – Strike’s user-friendly Bitcoin payments app and Bitstamp’s robust crypto exchange platform.

As a crypto enthusiast, I’m thrilled about the partnership between my go-to Bitcoin payments app Strike and the reliable crypto exchange Bitstamp. This collaboration aims to streamline the process of converting fiat currency into cryptocurrency for users across the European Union, making it easier for us to navigate the world of digital assets. The announcement was made just yesterday!

Under the guidance of Zap Solutions based in Chicago and entrepreneur Jack Mallers, Stripe initiated operations in Europe in April following its expansion into Africa in February.

Bitstamp will assist a financial technology company in handling transactions that convert traditional money (fiat) into cryptocurrency and send it directly to consumers. This collaboration will broaden Bitstamp’s service offerings, particularly the white-label version of its crypto trading services for banks and fintech companies, which they can brand as their own.

On June 6th, Robinhood, a well-known trading company (symbol HOOD), announced it would acquire Bitstamp in a $200 million cash transaction. This step is taken to broaden the exchange’s influence beyond the U.S. market and challenge competitors such as Coinbase.