Well-known Bitcoin markets like Coinbase have teamed up with reputable payment processors, like Stripe, to get more users and allow settlements to happen directly on the blockchain.
The deal was made public on June 27. Base’s Layer 2 Blockchain design works with USD Coin (USDC). When Base’s distributed apps (dApps) and Stripe’s crypto transfers are put together, this project makes it easier and faster for money to move around the world.
Builders like the base because it’s easy to work with. Along with Coinbase’s on-chain goods, it gives other developers a place to work on making distributed apps.
Base already works with USDC, but Stripe’s fiat-to-cryptocurrencies on-ramp makes it simple for Base users to switch between cash and digital assets quickly. It will also link Stripe’s on-ramp so that people using Apple Pay or credit cards can quickly buy cryptocurrency.
Coinbase And Stripe Partnership Benefits Stripe’s Global Customers
They say the deal is good for Stripe’s customers because it speeds up and lowers business costs in other countries. Coinbase built on what it already did well to show that it was the best top-level blockchain tool.
Even though Stripe is no longer interested in Ethereum, they still want to let people pay with it in 2018. Since Solana, Ethereum, and Polygon all accept USDC as payment, the business will use level-2 choices and stablecoins.
If Coinbase and Stripe work together, stablecoins will be worth more in payment networks worldwide. More people will be able to use cryptocurrency after this. When two blockchain-based businesses work together, they help shape the future of digital transfers and banks that are spread out.
