Stripe Partners With Bitstamp to Make Crypto Buying Easier for European Users

CORRECTION (August 7, 09:51 UTC): Corrects Bitstamp’s partnership to Stripe. A previous version of this story said the crypto exchange was working with Strike.

Payment processor Stripe announced Wednesday that it has joined forces with cryptocurrency exchange Bitstamp in a bid to accelerate its expansion in the European Union by making the transition from fiat to crypto easier for users.

The fintech firm is offering a customizable widget that developers can embed in their products to enable cryptocurrency conversion and instant settlement of transactions. It currently supports multiple cryptocurrencies, including bitcoin {{BTC}}, Ethereum {{ETH}}, Solana {{SOL}}, Stellar {{XLM}}, and USD Coin {{USDC}}. The widget will not be available for UK customers, the two companies said in a press release.

Bitstamp will help the fintech firm manage fiat-to-cryptocurrency conversion and transfers to consumers, expanding the crypto exchange’s Bitstamp-as-a-service product, a white-label version of its crypto trading services, to banks and fintechs.

On June 6, popular trading firm Robinhood (HOOD) said it would acquire Bitstamp in an all-cash deal worth $200 million. The move aims to expand the exchange’s reach beyond the U.S. and compete with rivals including Coinbase.