TLDR
- Stripe has partnered with Crypto.com to enable cryptocurrency payments for merchants.
- Merchants will receive fiat currency directly into their bank accounts after crypto transactions.
- Crypto.com becomes the first crypto platform to offer direct balance payments through Stripe.
- Consumers can now use Crypto.com Pay to make purchases with supported cryptocurrencies.
- Stripe will also process credit and debit card payments for crypto purchases on Crypto.com.
Stripe and Crypto.com have launched a direct integration allowing merchants to accept cryptocurrency payments, while receiving local currency, through Crypto.com Pay and Stripe’s payment rails, streamlining digital asset adoption and expanding consumer checkout options in real time.
Stripe Adds Crypto Checkout With Fiat Settlement
Stripe now allows merchants to accept crypto payments using Crypto.com Pay, which converts digital assets into fiat currency automatically. This move enables businesses to bypass crypto price swings, as Stripe settles payments in their local currencies without delays.
Crypto.com becomes the first crypto firm to offer direct balance payments through Stripe’s ecosystem. This milestone gives Stripe merchants seamless access to crypto payments without adjusting their existing operations or accounting processes.
According to the announcement, Stripe deposits the converted funds directly into merchants’ bank accounts. The process ensures predictability and stability for businesses transacting with crypto customers worldwide, offering convenience without complexity.
Crypto.com Pay Powers the Integration
Through Crypto.com Pay, consumers can now check out using supported cryptocurrencies at merchants using Stripe’s infrastructure. This offers more payment flexibility and expands cryptocurrency’s role in mainstream commerce without requiring merchant-side crypto handling.
Joe Anzures, General Manager, Americas and EVP of Payments at Crypto.com, emphasized the aim of this integration. “Increasing everyday accessibility to and utility of cryptocurrencies for consumers and merchants is central to our vision at Crypto.com,” he said.
Crypto.com Pay supports multiple digital currencies and integrates with Stripe’s API, making it accessible to developers and businesses at scale. As a result, users experience faster checkout flows, while businesses gain access to a wider range of global customers.
The integration also aims to reduce cart abandonment rates, especially among crypto-savvy users looking for convenient crypto payment options. This follows rising interest in expanding the practical use of cryptocurrencies across digital retail channels.
Crypto.com will now use Stripe to process credit and debit card transactions for purchasing cryptocurrencies. This integration simplifies crypto acquisition for U.S. users and enhances the payment experience across Crypto.com’s platforms.
The partnership supports Crypto.com’s existing Visa card programs, enhancing compatibility with traditional payment methods. U.S. users can now fund their accounts or purchase digital assets using cards processed by Stripe.
Stripe‘s infrastructure helps reduce friction in the onboarding process for new crypto buyers. This aligns with Crypto.com’s broader push to expand digital asset accessibility through partnerships with legacy payment firms.
Last year, Crypto.com enabled Google Pay support for all UK-issued Crypto.com Visa cards. That initiative allowed users to tap and pay with Android devices at Visa-accepting merchants using their crypto-backed funds.
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