This collaboration promises to enhance the efficiency and accessibility of money transfers through Stripe. It leverages the benefits of Coinbase’s Base platform.
Stripe will integrate Base to offer faster and more cost-effective money transfers and payouts across its platform.
Enhancing Money Transfers and Payouts
This enables Stripe platforms to execute quicker and cheaper money transfers to over 150 countries. It will leverage the stability and efficiency of USDC in blockchain transactions. Additionally, Stripe will incorporate USDC on Base into its fiat-to-crypto onramp. This will facilitate swift conversions for customers in the US.
On the other side of the partnership, Coinbase will integrate Stripe’s fiat-to-crypto onramp into its Coinbase Wallet. This move allows users to purchase cryptocurrencies instantly using credit cards and Apple Pay.
Source: X
The collaboration between Coinbase and Stripe underscores their shared commitment to advancing blockchain technology and expanding its utility in everyday financial transactions.
More About Stripe
At Stripe Sessions, the company unveiled a suite of new Revenue and Finance Automation tools designed to empower businesses with enhanced flexibility and control. These tools include the Meters API, enabling usage-based billing in real-time, and allowing businesses to charge customers based on their actual product usage. App store connectors have also been introduced, facilitating the seamless import of transactions from platforms like the Apple App Store and Google Play, streamlining revenue recognition processes.
Source: X
Additionally, businesses can now apply stackable discounts to subscriptions, providing more customization options for pricing strategies. Lastly, the introduction of tax overrides allows businesses to create specific rules for unique tax codes or scenarios, ensuring compliance and accuracy in tax calculations across various jurisdictions.
Disclaimer
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