Stripe Enters European Cryptocurrency Market
Payment processor Stripe makes a strong entrance into the cryptocurrency sector in Europe
Stripe, a financial services company focused on payment processing, is bringing its cryptocurrency services to the European market. The company, with dual headquarters in the US and Ireland, will begin offering customers in the European Union the function of purchasing cryptocurrencies via credit and debit cards.
Stripe Enables Online Cryptocurrency Purchases
Stripe will provide application programming interfaces (APIs) that web developers can use to integrate payment processing into their websites and mobile applications. The company has revealed that online vendors can add a "widget" (a software component) for purchasing cryptocurrency to their websites.
European Users to Buy Cryptocurrencies with Debit and Credit Cards
The company has confirmed that European users will be able to buy Bitcoin (BTC), Ethereum (ETH), Solarium (SOL) and other digital assets using their traditional bank cards. Stripe will facilitate cryptocurrency purchases on websites and online stores.
Stripe’s Head of Digital Currencies Discusses the Move
John Egan, head of digital currencies at Stripe, said the expansion allows cryptocurrency companies to help European consumers "buy cryptocurrencies quickly and easily." He also stated that the move will enable merchants who rely on Stripe’s onramp for things like conversion optimization, identity verification, and fraud prevention to reach a more global audience.
Stripe’s Latest Financial Update Reveals Growth
Stripe’s latest financial update revealed that it managed more than $1 trillion in payments in 2023, up 25% from the previous year. The company’s valuation has also risen to $70 billion after one of Silicon Valley’s largest venture capitalists, Sequioa Capital, agreed to buy private shares from other investors.
WARNING:
This article is for informational purposes only. It does not promote, endorse or recommend any particular investment. Cryptocurrency investments are not regulated in some countries and may not be appropriate for retail investors, as the total amount invested could be lost. Check the laws of your country before investing.
