Stripe Acquires Crypto Wallet Firm Privy Amid Web3 Push
Stripe has acquired Privy, a cryptocurrency wallet infrastructure developer, for an undisclosed amount, highlighting the global payment processor’s growing pivot toward digital assets.
Privy confirmed the acquisition on Wednesday in an announcement on social media that it will continue to operate as an independent product embedded within the Stripe ecosystem.
As part of Stripe, Privy will “keep building for developers building on crypto rails [but] now with more resources, flexibility, and firepower,” the company said.
Bloomberg initially reported on the acquisition, though no financial terms were disclosed.
While not widely known in the crypto space, Privy provides infrastructure for companies developing digital…
