Payments Giant Stripe To Acquire Crypto Wallet Provider Privy Following $1,000,000,000 Purchase of Stablecoin Firm: Report
Payments platform Stripe has announced its acquisition of a crypto wallet provider shortly after closing a $1 billion deal to purchase the stablecoin firm Bridge.
In a post on the social media platform X, crypto wallet company Privy says it’s been bought out by Stripe, a firm that provides payment infrastructure for businesses.
“Today, we’re proud to announce that Stripe is acquiring Privy. We couldn’t be more excited. Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users.”
Earlier this year, Stripe completed its purchase of stablecoin issuer Bridge, the company behind USDB, a programmable dollar-pegged crypto asset…
