Giant cryptocurrency exchange Coinbase and payment company Stripe have signed a partnership.
Stripe will integrate Coinbase’s Layer 2 network Base into its cryptocurrency payment products, according to a press release issued by Coinbase on Thursday. We plan to add it as a means of purchase.
Coinbase customers can also use Base on Stripe’s stablecoin USDC to streamline fiat-to-crypto conversions and facilitate funds transfers to more than 150 countries, the press release said.
“Crypto is the future of money because it is not limited by borders or banking hours and reduces both friction and fees for users. These three key integrations help Stripe and Coinbase build a better payments future for users around the world. gives the world a strong foundation to start from,” Coinbase wrote in a statement.
According to cryptocurrency data tracker DeFiLlama, Base holds a total value of $1.57 billion locked. The Layer 2 mainnet is officially launched to the public on August 9, 2023.
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About the Author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.