Stripe Expands Crypto Purchases in Europe with Card Integration
16.07.2024 14:43 1 min. read Alexander Stefanov
Stripe has expanded its cryptocurrency integration in Europe, enabling customers across the EU to purchase Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies using their Stripe-issued credit or debit cards.
This move allows online vendors to integrate a crypto-purchasing widget on their websites. This widget manages transactions, handles disputes, and complies with Know Your Customer (KYC) requirements for online crypto transactions.
John Egan, Stripe’s head of crypto, highlighted that this expansion empowers crypto companies to facilitate quick and easy cryptocurrency purchases for European consumers.
The initiative aims to support merchants in optimizing conversions, verifying identities, and preventing fraud, thereby enabling them to focus on business growth and customer service.
Additionally, Stripe’s recent announcement includes plans to support stablecoin payments, where transaction settlements are immediately converted into fiat currencies like dollars or euros.
The expansion into the EU market comes amid Stripe’s strategic growth, including a recent investment from Sequoia Capital that valued the company at $70 billion.
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