Stripe has partnered with Crypto.com to enable merchants to accept cryptocurrency payments more easily. The integration allows businesses to receive payments in their local currency while customers use their preferred cryptocurrencies. This move aims to boost the accessibility of digital assets in everyday commerce.
On January 6, Stripe announced an integration with Crypto.com that facilitates cryptocurrency payments for merchants through Crypto.com Pay. Businesses can now accept payments in various cryptocurrencies, which Stripe automatically converts to the merchant's selected local currency. This allows deposits into bank accounts similar to traditional payments, streamlining the process for sellers.
Joe Anzures, general manager for the Americas and executive vice president of payments at Crypto.com, highlighted the partnership's significance. "Increasing everyday accessibility to and utility of cryptocurrencies for consumers and merchants is central to our vision at Crypto.com," he stated. "We are excited to partner with Stripe, a recognized leader in digital payments, to collectively catalyze a new era for crypto-enabled commerce."
Additionally, Crypto.com will leverage Stripe's payment acquirer services to simplify credit and debit card purchases of cryptocurrencies for its customers. This bidirectional collaboration enhances efficiency on both sides.
The announcement builds on recent developments for both companies. In October, Crypto.com applied for a national trust bank charter from the Office of the Comptroller of the Currency to advance its custody, staking, and technology services across blockchains. It also explored ties with e& money, a UAE financial app, and integrated with Lynq’s digital asset settlement network for institutional trading.
Stripe, meanwhile, introduced stablecoin payments for subscriptions in October, targeting AI firms and businesses with recurring models, particularly for cross-border transactions. These steps reflect growing adoption of digital currencies in global payments infrastructure.
