Coinbase Partners with Stripe For USDC Support on Layer-2 Network Base
Crypto exchange Coinbase has partnered with payments company Stripe to benefit both their customer bases.
In a June 27 announcement, Coinbase said the partnership aims to boost onchain adoption through three key features. The first involves adding USD Coin support on Base for Stripe’s crypto payouts, enabling swifter international money transfers.
Base — Coinbase’s layer-2 blockchain — positions itself as a user-friendly platform for developers to create decentralized applications (dApps). It caters not only to Coinbase’s own on-chain products but also functions as an open ecosystem for external developers to build on.
Secondly, USDC will also be available through Stripe’s fiat-to-crypto on-ramp, making it easier for users to convert their traditional currency into digital assets on Base. Finally, Coinbase is integrating Stripe’s on-ramp, allowing the payment firm’s users to purchase crypto directly using credit cards or Apple Pay.
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