Stripe Acquires Wallet Infrastructure Startup Privy to Accelerate Crypto-Fiat Integration
Stripe has acquired embedded wallet infrastructure startup Privy in a move to deepen its crypto capabilities and accelerate the integration of digital assets with traditional payment systems.
Founded in 2021, Privy develops embedded wallet infrastructure that enables developers to integrate cryptocurrency functionality without requiring users to leave their applications or manage external wallets. The company powers over 75 million accounts across more than 1,000 developer teams, orchestrating billions in transaction volume.
“Today, digital ownership and the financial systems that run the modern world are intersecting as never before,” said Privy co-founders Henri Stern and Asta Li in a blog post announcing the deal. “Like us,…
