Cryptocurrency
Stripe Expands Crypto Integration in Europe
Tuesday. July 16 at 7:30 PM
1 min. readStripe, a financial services provider, has broadened its cryptocurrency integration in the European market, enabling local customers to purchase crypto using credit or debit cards. European shoppers can now buy Bitcoin, Ether, and other cryptocurrencies with Stripe-issued cards. Online vendors can incorporate a 'widget' for crypto purchases on their websites, managing charges, disputes, and KYC requirements. John Egan, Stripe's crypto head, stated that this expansion facilitates European consumers in acquiring cryptocurrencies swiftly. The move primarily targets crypto marketplaces and vendors, following Stripe's announcement of supporting stablecoin payments. Europe, leading in global crypto transaction value, enforces regulations to enhance market understanding and provide clear guidelines. Industry experts foresee a learning curve but acknowledge the regulations' necessity for improved operations. Stripe's recent valuation increase to $70 billion, with Sequoia Capital's investment, reflects the growing crypto market in Europe.