The world's oldest cryptocurrency exchange, Bitstamp, and Stripe have partnered strategically to improve Stripe's fiat-to-crypto onramp throughout the EU.

Through this partnership, two of the most respectable fintech companies come together to enable customers across the EU to buy cryptocurrencies with ease.

The Bitstamp-powered Stripe onramp

Developers may easily integrate the advanced, customizable Stripe onramp widget into their websites or applications.

Its goal is to give customers the best possible checkout experience when converting to bitcoin, guaranteeing immediate settlement of transactions.

Stripe and Bitstamp handle the underlying complexity, so developers can integrate Stripe's crypto onramp with little to no technical work.

In this manner, Stripe is able to provide consumers with the simplified customer experience that is its ultimate aim.

As per the agreement, Bitstamp will handle the future customer transfers and the conversion of fiat money into bitcoin.

Expanding ‘Bitstamp-as-a-service’

According to Bitstamp, the collaboration furthers the use of "Bitstamp-as-a-service" and highlights the significance of cryptocurrencies in the ecosystem of electronic payments.

A variety of cryptocurrencies are supported by Stripe's new crypto onramp, including USD Coin (USDC), Solana (SOL), Ethereum (ETH), Bitcoin (BTC), and Stellar (XLM).

"We're extremely proud to have been chosen to partner with Stripe – one of the biggest and most trusted players in the payments space," says Jean-Baptiste Graftieaux, Global CEO of Bitstamp. It is evidence of our track record of security, dependability, and safety.

"This partnership is a significant milestone in our journey to make cryptocurrencies more accessible and integrated into the global financial system."

The Head of Stripe Crypto, John Egan, emphasized the significance of Bitstamp's reputation in their selection process. "We chose Bitstamp because of their established track record as a reliable partner when determining the best way to meet the needs of our users and their clients in the EU."

Stripe: Launching new services for sustained growth

In order to maintain growth, the top fintech company, Stripe, has promised to introduce additional goods and services in addition to its new onramp solution.

Executives from Stripe discussed the introduction of Stripe Capital and open banking services in the UK during a speech at Stripe Tour London earlier this year.

As Will Gaybrick, President of Product and Business at Stripe, put it: "Over the past few years, we've quietly made several Stripe services work well with other PSPs, and now we're taking this one step further. The fintech has also announced plans to unbundle its core payments offering from its broader tech stack." Our modularity is now extended to the Stripe payment processing core.

Our Vault and Forward API has been released, allowing you to use Stripe with additional payment processors. Our optimized checkout suite is now available for usage by businesses using different PSPs."

Stripe's increased service offerings follow its first-ever US$1 trillion in total payments volume in 2023—a 25% increase over 2022.