The post Stripe Announces Strategic Partnership with Robinhood-backed Bitstamp to Expand Operations in Europe appeared on BitcoinEthereumNews.com.

Coinspeaker Stripe Announces Strategic Partnership with Robinhood-backed Bitstamp to Expand Operations in Europe Stripe, a financial infrastructure platform focused on democratizing the crypto industry, has announced a strategic partnership with Bitstamp crypto exchange to further strengthen their presence in Europe. According to the announcement, the two firms will closely work together to create seamless channels for fiat-to-crypto on-ramp transactions. Following the strategic partnership, Web3 developers can now embed the customizable widget to their products to enable seamless conversion of crypto and instant settlement of transactions. To begin with, the customizable widget by Stripe and Bitstamp will offer selected digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Circle’s USDC, and Stellar Lumen (XLM). The two companies will later expand their operations to other digital assets in the future depending on the market dynamics. Furthermore, the customizable widget by Stripe and Bitstamp will not be available to customers in the United Kingdom. Why Stripe and Bitstamp Opted for the European Market The European market has significantly embraced the crypto industry and the web3 space in the recent past. As Coinspeaker previously noted, traditional financial institutions and global web3 companies have been eyeing the European market due to the clear regulations provided by the Markets in Crypto-Assets (MiCA)guidelines. The European countries have attracted significant investment from international and local investors seeking to tap into blockchain technology to tokenize real-work assets (RWA). Furthermore, the European Central Bank (ECB) has been working on rolling out its Central Bank Digital Currency (CBDC) to complement its existing financial instruments. More investors from Europe – led by Germany, Switzerland, and France – have significantly adopted digital assets to hedge against global economic uncertainties and beat fiat inflation. Market Picture The crypto industry has demonstrated its potential to update global financial services, which are slow and expensive compared…

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Filed under: News - @ August 8, 2024 2:10 am