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Coinbase announced a crypto payments partnership with Stripe.
What's the scoop?
- Integration with Base: Stripe will add support for
Base into its crypto payout options, allowing USDC to be used for streamlined fiat-to-crypto conversions. - Fiat-to-Crypto Onramp: Coinbase Wallet users will also be able to buy crypto with credit cards or Apple Pay inside the wallet via Stripe.
Bankless Take:
Given Stripe’s status as a fintech giant, the more it integrates into crypto, the more significant mainstream usage crypto can achieve. When they first demoed their upcoming stablecoin payment solution, they showcased it with Solana. Base has become positioned as the 
Ethereum ecosystem's best-branded 
Solana competitor. This collaboration not only lays the groundwork for a more integrated and seamless crypto payments process but further bolsters the legitimacy of Base, which could position the chain to attract larger “traditional” players looking to find their place in crypto.
Coinbase 🤝 Stripe
— Coinbase 🛡️ (@coinbase) June 27, 2024
Coinbase is partnering with @stripe to bring @base's faster, cheaper financial infrastructure to millions of businesses around the world.
Here’s what we’re doing ↓ pic.twitter.com/OwNOFqFbFB
