Bitstamp, the world’s longest-running crypto exchange has joined forces with Stripe, a financial infrastructure platform for businesses to support Stripe’s fiat-to-crypto onramp across the European Union. This collaboration aims to make cryptocurrency purchases easier for consumers throughout Europe. According to a blog post from Bitstamp, this collaboration brings together two premier fintech brands around the globe, helping consumers get hold of cryptos on the transparent chain using an unrestricted channel. 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
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Bitstamp, the world’s longest-running crypto exchange has joined forces with Stripe, a financial infrastructure platform for businesses to support Stripe’s fiat-to-crypto onramp across the European Union. This collaboration aims to make cryptocurrency purchases easier for consumers throughout Europe.
According to a blog post from Bitstamp, this collaboration brings together two premier fintech brands around the globe, helping consumers get hold of cryptos on the transparent chain using an unrestricted channel.
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, Global CEO of Bitstamp, expressed pride in the partnership: “It is with great pleasure that we found ourselves selected to work with Stripe, one of the largest and most reliable companies in this business. It certainly speaks to our own reputation for safety, dependability, and security.”
John Egan, Head of Stripe Crypto, highlighted Bitstamp’s reputation. Moreover, a long-standing positive experience with cooperation allowed Bitstamp to become an obvious choice in our best strategy to meet the needs of our users and their customers in the EU.
Ultimately, this partnership has emerged as European crypto usage is rising sharply, and Bitstamp has chosen Stripe as its partner. A cryptocurrency report from CoinWire in July suggested that the trading volume for digital currencies would increase from $62 trillion in 2022 to $108 trillion in 2024, an 88.7% change. The trading volume in Europe topped the list worldwide, contributing 37.32% of the total transaction value.