Crypto.com and Stripe have announced product updates aimed at making it easier for businesses to accept cryptocurrency payments.
Through an integration with Stripe, businesses using Crypto.com Pay will be able to accept payments directly from customers’ crypto balances.
Crypto.com is the first cryptocurrency platform to be integrated with Stripe for direct balance-based crypto payments.
Customers will be able to check out using their preferred cryptocurrency, including stablecoins, while Stripe converts the payment into the merchant’s chosen local currency and deposits it into their bank account alongside other payments.
“Increasing everyday accessibility to and utility of cryptocurrencies for consumers and merchants is central to our vision at Crypto.com,”
said Joe Anzures, General Manager, Americas and EVP of Payments at Crypto.com.
“We are excited to partner with Stripe, a recognised leader in digital payments, to collectively catalyse a new era for crypto-enabled commerce.”
Separately, Crypto.com will also use Stripe to enable customers to purchase cryptocurrencies using credit and debit cards.
Featured image credit: Edited by Fintech News Switzerland, based on image by davidpinta9122 via Freepik
