Digital asset firm Bitstamp will partner with Stripe to enable a fiat-to-crypto onramp in the European Union.
The collaboration will see the Stripe onramp, a customizable widget powered by Bitstamp. The goal is to simplify the process so developers can incorporate the feature with little code.
Bitstamp is expected to manage the fiat currency to cryptocurrency conversion and transfers to consumers. This is an extension of the Bitstamp-as-a-service.
Stripe’s crypto onramp supports different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC).
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, said they are very proud to have been chosen to partner with Stripe.
“It’s a testament to our own record for safety, reliability, and security.”
John Egan, Head of Stripe Crypto, said Bitstamp’s reputation played a significant role in their decision.
“Bitstamp’s long-standing reputation as a trusted partner made them an easy choice for us when considering how best to serve the needs of our users and their customers in the EU.”