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Home»ADOPTION NEWS»Coinbase partners with payments company Stripe
ADOPTION NEWS

Coinbase partners with payments company Stripe

By Crypto FlexsJune 27, 20242 Mins Read
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Coinbase partners with payments company Stripe
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Company • June 27, 2024 5:16 PM EDT

Posted 1 minute ago In ~

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.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below is the current financial disclosure.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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.

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