- Stripe has reportedly added support for Bitcoin and other cryptocurrencies for its EU clients.
- Customers can now buy crypto using Stripe-issued credit or debit cards.
Stripe customers in the European Union can now purchase Bitcoin and various cryptocurrencies using credit or debit cards issued by Stripe, according to a report by the Irish Independent.
This expansion is part of Stripe’s broader effort to integrate crypto services across the EU and make it easier for shoppers and merchants to use digital assets in everyday transactions.
EU users will access the new service through Stripe-issued cards, the report noted.
Stripe expands crypto purchases across the EU
Published on July 16, the report indicates that Stripe aims to simplify access to Bitcoin (BTC), Ethereum (ETH) and other virtual assets for its online vendors and consumers.
Users sign up through a crypto widget on the Stripe website that handles onboarding and required identity checks, including Know Your Customer (KYC) procedures. The widget also manages transactions and dispute resolution related to crypto purchases.
John Egan, Stripe’s head of crypto, said the addition of crypto features represents a significant enhancement for merchants using Stripe.
“Merchants who rely on Stripe’s onramp for conversion optimization, identity verification, and fraud prevention can now reach a broader, more global audience. This allows them to concentrate on growing their business and serving their customers,” he said.
Stripe is rolling out these capabilities as crypto adoption grows and the EU’s regulatory framework evolves, notably with the rollout of the Markets in Crypto-Assets (MiCA) regulations. The company has also announced support for stablecoin payments as part of its expanding crypto offerings.
In December 2022, Stripe launched a fiat-to-crypto payments service designed for Web3 applications, enabling customers to buy crypto directly through Web3 apps using fiat currency.