- Stripe has enabled crypto purchases via its technology in the EU, allowing online vendors to add a widget for users to buy Bitcoin, Ether, and Solana among others.
- Online vendors using Stripe’s technology can now incorporate a crypto-purchasing widget on their sites, which also manages charges, disputes, and KYC compliance.
- This expansion allows crypto companies to help European consumers buy cryptocurrencies quickly and easily, according to Stripe’s Head of Crypto John Egan.
Stripe, the Ireland-based payment processing giant founded by brothers Patrick and John Collison, has enabled crypto purchases via its technology in the EU according to a report by the Irish Independent.
New Crypto Purchase Options
Online vendors in the EU can now reportedly add a widget on their sites for users to easily purchase major cryptocurrencies including Bitcoin, Ether, and Solana using a credit or debit card.
This allows crypto companies to provide European consumers with a quick and simple way to buy cryptocurrencies. The widget also handles charges, disputes, and KYC compliance.
“Now merchants who rely on Stripe’s onramp for things like conversion optimization, identity verification, and fraud prevention can reach a more global audience,” said John Egan, Stripe’s Head of Crypto. “This lets them focus on growing their business and helping their customers.”
Integration With Stablecoins and Exchanges
The news follows Stripe’s April announcement that it would enable USDC stablecoin payments for customer transactions beginning this summer.
Last month, Stripe also partnered with Coinbase to incorporate the crypto exchange’s Layer 2 network Base into its crypto payout products.
Stripe’s Global Reach
By expanding crypto purchases into the EU, Stripe is increasing accessibility and convenience for consumers looking to buy digital assets.
Along with its operations in Europe, Stripe also has a strong presence in the U.S., Canada, Australia, Singapore, Japan, Indonesia, Malaysia, Mexico, and Brazil.
The company’s addition of crypto features enables it to further its reach worldwide by meeting the demand for simple crypto purchasing options.
