Coinbase and payment processor Stripe have formed a partnership to deliver fiat-to-crypto pipelines to users of both products.
Coinbase and Stripe have formed a partnership to bring fiat-to-crypto on-ramps and off-ramps for customers of both platforms, according to a June 27 announcement.) on Base as part of Stripe’s crypto payouts, allowing faster cross-border remittances and settlements of fiat equivalents across 150 sovereign countries.
USDC will also be available as part of Stripe's fiat-to-crypto on-ramp, facilitating easier onboarding for customers converting fiat to digital assets. Conversely, Coinbase is integrating Stripe’s fiat-to-crypto on-ramp to allow users of the payment processor to purchase crypto with credit cards and Apple Pay.Earlier this year, Stripe co-founder and president John Collison promised attendees at the company’s Sessions conference that stablecoins were) services in 2014, but later removed support for the digital currency. Collison explained the decision was due to Bitcoin being “A pretty terrible payment method” during that era.
Around the time Collison announced plans for Stripe’s return to crypto, support for the Avalanche C-Chain was also introduced for verified Stripe customers. This integration allowed Stripe usersThe policy landscape in the United States over the past several years has managed to stifle crypto innovation as centralized exchanges, digital asset providers, and stablecoins have come under the watchful eye of regulators.
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