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Stripe Crypto Integration Now Supports EU Customers

Key Points:

Stripe now allows EU customers to purchase Bitcoin, Ethereum, and other cryptocurrencies using Stripe-issued cards.
Stripe crypto integration includes a new widget for online vendors to manage cryptocurrency transactions.

Stripe crypto integration has expanded across Europe, enabling EU customers to purchase Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies using Stripe-issued credit or debit cards.

Stripe Crypto Integration Expanded Access Across EU

As reported by the Irish Independent on July 16, this new feature simplifies the process of buying cryptocurrencies for European consumers, making digital assets more accessible.

John Egan, Stripe’s head of crypto, highlights that this expansion allows crypto companies to offer quick and easy cryptocurrency purchases. Stripe crypto integration includes a “widget” for online vendors, which handles charges, disputes, and regulatory requirements such as Know Your Customer (KYC) protocols. It is designed to optimize conversions, verify identities, and prevent fraud, allowing merchants to focus on business growth and customer service.

Stripe Bridges Finance and Crypto: Strategic Growth in Europe

Additionally, Stripe has introduced support for stablecoin payments like USD Coin (USDC) with transactions to settle and convert instantly to fiat currencies such as euros or dollars.

Egan stated that this expansion allows merchants using Stripe’s onramp to reach a more global audience, enabling them to concentrate on growing their business and helping their customers. Ireland, where Stripe has a significant presence, consistently ranks high in per-capita cryptocurrency ownership in Europe, aligning with Stripe’s strategic expansion in the EU.

Stripe, co-headquartered in Dublin and San Francisco, is one of the world’s largest online payment companies, serving thousands of major e-commerce firms. In 2023, Stripe handled over $1 trillion in payments, marking a 25% increase from the previous year.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.