Payments processor Stripe has struck a partnership deal with crypto exchange Bitstamp to further push its expansion in the European Union.
Stripe and Bitstamp announced on Wednesday that the deal is aimed at making fiat-to-crypto on-ramp easier for users.
The fintech firm currently supports multiple cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC).
Stripe’s customizable widget allows developers to embed it into their product to allow conversion of crypto and instant settlement of transactions. The widget won’t be available to U.K. customers, the two companies said in a press release.
While the deal will see Bitstamp help Stripe manage fiat-to-cryptocurrency conversion and transfers to consumers, the crypto exchange’s Bitstamp-as-a-service product will also get an expansion, per details of the deal.
Bitstamp is set to be bought by Robinhood (HOOD) in a $200 million all-cash deal as the popular trading firm looks to expand its reach beyond the U.S. and compete with peers including Coinbase.
