Stripe buys crypto wallet startup Privy
Payments giant Stripe is acquiring crypto wallet infrastructure startup Privy for an undisclosed fee.
Editorial
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
The deal is part of Stripe’s aggressive push back into crypto following a six year hiatus, building on its recent $1.1 billion takeover of stablecoin platform Bridge.
Founded around three years ago, Privy aims to make it easy for developers to build products on crypto rails. Through a single API, clients can spin up wallets rather than use external ones, sign transactions, and integrate any onchain system.
The firm now claims to power over 75 million accounts across more than 1000 developer…
