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Coinbase + Stripe team up to expand global adoption of crypto

TL;DR: Stripe and Coinbase have announced a partnership to increase onchain adoption and provide faster, cheaper financial infrastructure. Stripe will add support for Base across its crypto product suite to offer users faster and cheaper money transfers, and Coinbase will add Stripe’s fiat-to-crypto onramp into Coinbase Wallet to allow users to buy crypto instantly with credit cards and Apple Pay.

By Jesse Pollak, Shan Aggarwal

Company

, June 27, 2024

, 2 mins read time

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We’re 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 onchain adoption and provide faster, cheaper financial infrastructure:

  1. Stripe is adding USDC on Base to their crypto payouts product to enable Stripe platforms to make faster, cheaper money transfers to over 150 countries.

  2. Stripe is adding USDC on Base to their fiat-to-crypto onramp to enable customers in the US to convert fiat to crypto faster than ever.

  3. Coinbase is adding Stripe’s fiat-to-crypto onramp to Coinbase Wallet to allow people to buy crypto instantly with credit cards and Apple Pay. 

By adding support for Base, Stripe’s vast global network of users will have access to faster and cheaper money transfers. Base has quickly become the most used L2 due to its secure, low-cost, and developer friendly transaction infrastructure, as we continue to make strides towards our one second, sub one cent goal. 

Crypto is the future of money because it is unrestricted by international borders or banking hours, and reduces both friction and fees for users. These three key integrations lay a strong foundation for Stripe and Coinbase to begin building a better payments future for users around the world. 

For builders and developers, you can learn more about how you can leverage Stripe’s crypto capabilities on Base in the Base Buildathon here

We’re excited to keep building together towards our shared goal of improving the financial system for people and businesses around the world.

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