Stripe’s Crypto.com Deal Lets You Pay in Crypto While Merchants Get Cash

Stripe and Crypto.com have partnered to expand access to cryptocurrency payments. The integration allows Stripe-supported merchants to accept crypto payments through Crypto.com Pay, in what the companies described as a step toward merging digital assets with mainstream commerce.

Stripe Adds Crypto Payment Option

Through the new setup, customers will reportedly be able to pay directly with cryptocurrency or stablecoins using their Crypto.com Pay balance.

Stripe will then convert the received payment into the merchant’s local currency and deposit funds into their bank account, simplifying the process for businesses that want to accept crypto without dealing with price volatility.

Crypto.com becomes the first crypto firm integrated with Stripe for direct balance payments. The move broadens the payment giant’s reach in digital assets while offering a more convenient crypto checkout option to consumers.

“Increasing everyday accessibility to and utility of cryptocurrencies for consumers and merchants is central to our vision at Crypto.com,” commented Joe Anzures, General Manager, Americas and EVP of Payments, Crypto.com.

“We are excited to partner with Stripe, a recognized leader in digital payments, to collectively catalyze a new era for crypto-enabled commerce.”

Crypto.com to Use Stripe for Card Transactions

In addition to the checkout integration, Crypto.com will now use Stripe to process card-based crypto purchases. The arrangement allows users to buy cryptocurrencies with credit or debit cards more easily, supporting Crypto.com’s card products in the U.S. market.

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Crypto.com has been keen in collaborating with the traditional fintech space. Last year, the crypto exchange enabled Google Pay support for all UK-issued Crypto.com Visa cards, allowing users to make tap-to-pay purchases with their Android devices at any merchant that accepts Visa or Google Pay.

This update sought to improve the day-to-day spending for cardholders using digital assets, further aligning crypto cards with traditional payment experiences in the UK. The company mentioned that UK customers can add their Crypto.com Visa cards directly via the Crypto.com app or through Google Wallet for use with Google Pay.