Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with Stripe to enhance cryptocurrency adoption globally by providing faster and more affordable financial infrastructure.
The partnership will roll out with three major integrations aimed at increasing onchain adoption and streamlining financial transactions. Stripe will integrate USDC on Base into their crypto payouts product, enabling platforms to transfer money quickly and cost-effectively to over 150 countries. The company is incorporating USDC on Base into its fiat-to-crypto onramp, allowing US customers to convert fiat currency to cryptocurrency more efficiently. Coinbase will add Stripe’s fiat-to-crypto onramp to Coinbase Wallet, enabling users to buy cryptocurrency instantly using credit cards and Apple Pay.
By supporting Base, Stripe’s extensive global network will benefit from quicker and cheaper money transfers. Base has emerged as a leading Layer 2 solution due to its secure, low-cost, and developer-friendly transaction infrastructure, aligning with its goal of achieving one-second, sub-one-cent transactions.
The partnership underscores the potential of cryptocurrency as the future of money, offering unrestricted transactions across international borders and banking hours while reducing friction and fees. These integrations mark a significant step for Stripe and Coinbase in building a more efficient payments ecosystem for users worldwide.