As a seasoned crypto investor with over a decade of experience navigating the digital asset landscape, I find this partnership between Bitstamp and Stripe to be a significant stride towards mainstream adoption of cryptocurrencies. Having witnessed several collaborations in the past, this union strikes me as particularly promising due to the sheer scale and reach of both parties involved.
In partnership with Stripe, a leading financial platform for businesses, Bitstamp – the longest-running global crypto exchange – is enhancing its services to simplify fiat-to-crypto transactions across the European Union. The goal of this collaboration is to streamline cryptocurrency purchasing for consumers residing in Europe.
As stated in a blog article from Bitstamp, this partnership unites two leading financial technology brands worldwide, enabling consumers to easily obtain cryptocurrencies through a transparent and open network.
Stripe is one of the few that has a customizable onramp that is an easily embedded widget of the app or website, with a fast and straightforward checkout process that can use cryptocurrencies and process transactions at a nearby real-time speed. Stripe and Bitstamp handle the complexities behind the scenes. However, developers could add Stripe’s crypto onramp to any of its products with just a few lines of code.
In this case, Bitstamp will be responsible for the overall fiat currency to cryptocurrency conversion and transfer for consumers. This amounts to increasing the availability of Bitstamp as a service, a development that complements the increased adoption of cryptocurrency in digital payment processes. At the moment, Stripe has integrated with several popular cryptocurrencies such as Bitcoin, Ethereum, Solana, Stellar, and USD coins.
Bitstamp and Stripe Collaborate as Europe’s Crypto Trading Volume Hits New Heights
Jean-Baptiste Graftieaux, Bitstamp’s Global CEO, expressed delight about the partnership: “We are thrilled to have been chosen to collaborate with Stripe, a leading and trusted company in our field. This collaboration undeniably reflects our commitment to safety, reliability, and security.”
John Egan, who leads Stripe’s crypto division, emphasized Bitstamp’s strong reputation. Additionally, a history of successful collaboration made Bitstamp an apparent pick for our strategic approach to cater to the requirements of our users and their clients within the EU.
In summary, this partnership has come about as cryptocurrency usage within Europe is rapidly growing. Bitstamp, a prominent crypto platform, has opted for Stripe as their partner. A recent report by CoinWire in July projected that the trading volume for digital currencies would surge from $62 trillion in 2022 to an impressive $108 trillion by 2024, marking an 88.7% increase. Notably, Europe led globally with a significant 37.32% contribution to the total transaction value.
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2024-08-08 13:02