bitcoinlfg

Tag: bolster

  • Strike partners with Bitstamp to bolster crypto purchases for EU users

    Strike partners with Bitstamp to bolster crypto purchases for EU users

    • Strike and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Strike.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Strike, a leading Bitcoin payments app launched by Jack Mallers, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Strike partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Strike and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Strike expanded to Europe in April

    The collaboration with Bitstamp follows Strike’s expansion into Europe. In April, the company announced its entry into the European market after a similar milestone in Africa.

    Accessible to eligible customers, the expansion meant users across the EU could send, buy, sell and withdraw BTC.  Users can withdraw Bitcoin to their self-custody wallets or send it to any Lightning wallet. The launch also introduced P2P transactions for Strike Europe users.

    Bitstamp’s partnership with the US-based Bitcoin payments firm comes after Robinhood announced its $200 million acquisition of the Europe-based crypto exchange in June.

    The crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

    Share this article
    Categories
    Tags



    Source link

  • Stripe partners with Bitstamp to bolster crypto purchases for EU users

    Stripe partners with Bitstamp to bolster crypto purchases for EU users

    • Stripe and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Stripe.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Stripe, a leading payments platform that was launched by Irish entrepreneurs Patrick Collison and John Collison in 2010, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Stripe partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Stripe and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Bitstamp’s partnership with the global payments firm comes after Robinhood announced its $200 million acquisition of the Bitstamp platform in June.

    The Bitstamp crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

    Share this article
    Categories
    Tags

    Source link

  • BitGo acquires HeightZero to bolster crypto wealth management services

    BitGo acquires HeightZero to bolster crypto wealth management services

    • BitGo acquires HeightZero to serve the growing institutional interest in crypto wealth management.
    • BitGo CEO, Mike Belshe, emphasizes the urgency for wealth managers and RIAs to prepare for an impending Bitcoin ETF approval.
    • HeightZero’s services enhance BitGo’s capacity to offer secure long-term crypto holdings for institutional clients.

    Cryptocurrency custody specialist BitGo has made a strategic move in the rapidly evolving digital asset landscape by acquiring HeightZero, a software platform dedicated to providing wealth managers with tools to incorporate cryptocurrencies into their clients’ portfolios.

    While the financial specifics of this acquisition have not been disclosed, the implications are clear for the growing institutional interest in the crypto market.

    Preparing for the imminent Spot Bitcoin ETF approval

    With the anticipated approval of a spot Bitcoin (BTC) exchange-traded fund (ETF), BitGo’s CEO, Mike Belshe, has issued a clear call to wealth managers and regulated investment advisors (RIAs) to take action before the ETF is launched. Belshe emphasized the importance of acting swiftly in light of the impending surge in Bitcoin demand that the ETF is expected to trigger.

    “RIAs should absolutely be calling up BitGo, getting HeightZero, getting qualified custody and doing it now, before the ETF,” Belshe said in a recent interview. “Because when the ETF hits, there’s going to be massive demand for bitcoin. Now, you can wait for the ETF, and then you can invest in that. But you’re going to miss out on a big growth.”

    HeightZero acquisition by BitGo

    HeightZero has been instrumental in simplifying the integration of cryptocurrencies into traditional wealth management practices. The platform offers a range of services, including portfolio rebalancing, statement generation, tax loss harvesting, and automated billing tailored specifically for crypto clients.

    This acquisition strengthens BitGo’s capabilities in facilitating secure long-term holdings for institutions entering the crypto market.

    BitGo recently secured $100 million in funding and has been actively seeking strategic acquisitions. While some companies in the crypto industry have faced financial challenges, BitGo’s approach underscores a commitment to a forward-looking strategy. The acquisition of HeightZero aligns with BitGo’s aim to be a leader in providing comprehensive cryptocurrency solutions to institutions, especially as the crypto market continues to evolve and gain traction among mainstream investors.

    This acquisition is a significant step for BitGo, marking a deliberate move towards servicing the wealth management sector as digital assets become an integral part of traditional investment portfolios.

    Share this article
    Categories
    Tags

    Source link