Stripe Ramps Up Payments with the Acquisition of Crypto Wallet Service Provider Privy
Quick take:
- The acquisition highlights Stripe’s growing expansion into digital assets after introducing stablecoin support with the Bridge acquisition.
- Privy will continue to operate as an independent product within the Stripe ecosystem.
- The wallet infrastructure provider believes the acquisition gives it more resources, flexibility, and firepower to continue building for developers building on crypto rails.
Stripe has acquired wallet infrastructure provider Privy in an undisclosed deal announced on Wednesday. The acquisition expands the global payments company’s digital payments ecosystem following its acquisition of Bridge last year.
Stripe announced in February that the acquisition of the stablecoin…
