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Payment company Stripe is partnering with Coinbase, one of the largest crypto exchanges on the market. The partnership focuses on facilitating fast and low-cost transactions.

Stripe will use USD Coin (USDC) on the Base platform, Coinbase's layer-2 network built on the Ethereum (ETH) ecosystem, to convert fiat currency (euros or dollars) to crypto. This enables customers to conduct quick transactions.

Coinbase Wallet users, in turn, can easily use Stripe to buy cryptocurrencies with currency, whether or not they use credit cards or Apple Pay.

Stripe has about 2 million users and is available on more than 3 million websites.

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