Stripe Acquires Privy To Enhance Its Cryptocurrency Offers

Stripe, a major payment processing company, is acquiring Privy, a crypto wallet provider, to enhance its cryptocurrency offerings.

The acquisition follows Stripe’s $1.1 billion purchase of stablecoin firm Bridge, aiming to integrate crypto and fiat systems for seamless online value transfer.

Privy will remain an independent product but will benefit from Stripe’s resources to accelerate development.