Crypto exchange Bitstamp has partnered with fintech powerhouse Stripe to launch a fiat-to-crypto on-ramp across the European Union. The collaboration, announced Aug. 7, aims to simplify cryptocurrency purchases for EU consumers.
The partnership brings together two trusted names in fintech, offering a seamless crypto buying experience. Stripe’s customizable widget allows developers to integrate the on-ramp into their apps or websites with minimal coding, while Bitstamp handles the underlying complexities of fiat-to-crypto conversions and transfers.
However, this move expands Bitstamp’s “as-a-service” offerings, cementing crypto’s role in the digital payments ecosystem. The on-ramp supports major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC).
Bitstamp’s Global CEO, Jean-Baptiste Graftieaux, said:
We’re immensely proud to have been chosen to partner with Stripe – one of the biggest and most trusted players in the payments space. It’s a testament to our own record for safety, reliability, and security.
Bitstamp CEO discusses crypto knowledge gap
Meanwhile, Bitstamp CEO Bobby Zagotta recently delved into the growing knowledge gap across generations in the realm of cryptocurrency and the potential implications of Ethereum ETFs. In a conversation with Roundtable host Rob Nelson, Zagotta underscored the ongoing challenge. It includes staying abreast of the rapid advancements within the crypto sphere.
Zagotta, in his advice to newcomers in investing, emphasized the importance of grasping the technology and selecting trustworthy, regulated partners. He suggested a starting point with established cryptocurrencies like Bitcoin, Ethereum, and Solana rather than venturing into volatile memecoins.
Moreover, speculating on the potential impact of Ethereum ETFs, Zagotta suggested that if approved, they could bolster Bitcoin prices by enhancing market credibility and appealing to fresh investors. However, he cautioned that the transition for financial advisors to incorporate this novel asset class into client portfolios might be gradual.
Nevetheless, the partnership between Bitstamp and Stripe, alongside discussions on Ethereum ETFs, showcases the evolving maturity of the cryptocurrency market. With the influx of traditional financial instruments and services into this domain, we can expect a surge in the adoption and investment in digital assets.
