The world’s largest private financial technology company has offered its European customers additional options to make purchases with cryptocurrencies. Following the recent adoption of payment options with USDC, Stripe Tech, Inc. announced on Tuesday, July 16, that its European customer base can now include three new cryptocurrencies in their purchase options.
The new additions include some of the most popular cryptocurrencies on the market, namely, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Read on to learn more about the potential expansion of Stripe and the benefits it may bring not only to its customers but also to the European digital asset market in general.
What is Stripe?
Stripe Tech was founded in 2009 by brothers John and Patrick Collison. The company provides scalable digital financial infrastructures for cryptocurrency businesses, private companies, and websites.
Stripe’s customers include market giants such as Google, Zoom, and Amazon. Currently valued at €59.42 billion, Stripe’s services are used by 2.59 million websites worldwide.
The company also has significant partnerships with Coinbase, one of the largest cryptocurrency exchange platforms and staking available to European customers.
New Cryptocurrency Payment Options
Given Stripe’s position as the world’s largest online payment processor, the company’s decision has immense potential. By providing cryptocurrency options, Stripe ultimately facilitates the use of digital assets for everyday transactions. This ease of use can popularize the use of cryptocurrencies for a broader audience.
Additionally, Stripe’s geographic focus on its European customer base also points to the growing attention of financial technology companies to the region’s digital asset market. There is an increasingly frequent adoption of a wide range of cryptocurrencies such as Ripple (XRP), Cronos (CRO), and Shiba Inu (SHIB).
European customers who are already familiar with Coinbase’s friendly and reliable platform can now benefit from the company’s partnership with Stripe. In fact, the security features that both companies provide can allow websites to offer cryptocurrency payment options without exposing their customers to the risk of fraudulent transactions.
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