Stripe acquires crypto wallet infrastructure provider Privy
Payment technology company Stripe Inc. has agreed to acquire cryptocurrency wallet infrastructure provider Privy for an undisclosed sum.
Founded in 2021 as Horkos Inc., Privy has as its mission to make privacy and user-owned wallets the default online experience. The company provides a developer-first wallet infrastructure designed to help applications seamlessly integrate crypto capabilities with familiar login flows, such as email, SMS or single sign-on.
Privy’s flagship offering is embedded self‑custody wallets that are generated for each user during signup, without requiring external clients or seed phrase management. To cover security, the company uses secure enclaves and Shamir’s Secret Sharing, along with private…
